by confoundedinterest17 To quote Bob Dylan and Rick Danko, “This Wheel’s On Fire!” The Atlanta Fed’s GDPNow Q1 GDP forecast rose to 8.321% QoQ as of April 16. Of course, The Fed is printing like crazy. Retail sales (pent-up demand and Biden …
Hedge fund manager David Einhorn warned of dangers for retail investors that he sees in the market, and one of his main examples was a tiny New Jersey deli with a market capitalization of more than $100 million. The Paulsboro, …
by Aegidius25 https://www.census.gov/retail/marts/how_surveys_are_collected.html The U.S. Census Bureau conducts the Advance Monthly Sales for Retail and Food Services Survey (MARTS) to produce early national estimates of total and month-to-month change in sales for retail and food service establishments located in the …
by UPFINA The current investment theme is the economy reopening and higher inflation. The next theme will be higher corporate taxes and more infrastructure spending. This theme will probably be longer lasting. It could also increase inflation. Specifically, the new taxation …
by confoundedinterest17 Well, the data for pending home sales is for February (the dead of winter). But US pending home sales MoM fell -10.60% and -2.70% on a YoY basis. As mortgage rates start their long-predicted rise. Let’s hope that March …
by confoundedinterest17 Another month, another record low of available inventory of home for sale. Available inventory remained near a record low as The Fed continues to throw gas on the fire. As a result, the median price of existing home …
by WARREN MOSLE Headline number looks strong, but details show weakness, particularly personal consumption expenditures which continue to decelerate: Highlights The consumer isn’t on fire but still contributed to a very solid 3.2 percent growth rate for first-quarter GDP. Net exports …
by Martin Armstrong COMMENT: I am a senior exec here in the German auto industry. I attended your Berlin conference. I just want to say your ECM is remarkable. Our industry has seen a decline in auto sales since the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter There is plenty of supply, but it’s the wrong supply, priced too high. Across the US, hot and cold housing markets all thrown into one bucket: Sales of “existing homes” (single-family houses, townhouses, condos, and co-ops) …
by Lance Roberts Steve Goldstein recently reported for MarketWatch that closely watched auto sales were leading economists to be more confident in their economic outlook for the rest of the year. To wit: “Motor vehicle sales reached a seasonally adjusted annual rate of 17.45 …
by WARREN MOSLER Not looking good: German Factory Activity Continues to Contract in April The IHS Markit Germany Manufacturing PMI rose to 44.5 in April 2019 from the previous month’s near seven-year low of 44.1, but below market expectations of …
by EarningsCallsApp Q1 net income of $1,550 million or $1.80 per share, compared with net income of $1,634 million or $1.86 per share a year ago. Q1 EPS of $1.80 included an addition to legal reserves of $0.21 per share …
by WARREN MOSLER Trump may allow $125B in cuts if Congress doesn’t act (The Hill) President Trump has indicated that he would allow $125 billion in spending cuts to take place if Congress does not agree to his spending plan, White …
#China Shows Signs of Saturation as Car Sales Maintain Protracted Plunge – China auto sales fall for the 10th straight month pic.twitter.com/8etNVmT972 — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) April 9, 2019 Porsche delivers 55,700 vehicles in the first quarter The …
via Zerohedge: The Saretsky Report contributed to this article. Just like last month, when Grant’s Interest Rate Observer dubbed the Vancouver housing market as “ghastly”, in April Vancouver once again reported the fewest monthly sales in 33 years. According to the Real Estate Board …
by WARREN MOSLER This has been know to be associated with the housing cycle: Framing Lumber Prices Down 30% Year-over-year This has taken a dive recently: Global economy enters ‘synchronised slowdown’ (F) The global economy has entered a “synchronised …
#China Car Sales v Dealer Inventory 😳 (SocGen) pic.twitter.com/zoXVQZ7P8O — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) April 7, 2019 pic.twitter.com/Ob1bQSB6r7 — Alastair (@StockBoardAsset) April 7, 2019
But sales of “superminis” are growing. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Sales of new passenger vehicles, as measured by registrations, fell 3.4% in March from a year earlier in the UK, the second largest auto market …
https://www.youtube.com/watch?v=eAgV5tVvvSU They should have never sunset the glass-steagall ACT we would have never been in the mess to begin with in 2008 for now!! MS
by WARREN MOSLER Not looking good: Not looking good: In contraction: South Korea March exports contract for fourth month (Reuters) Overseas sales slid 8.2 percent in annual terms in March. Imports shrank by 6.7 percent in March from a year …
SACRAMENTO (CBS13) – Starting Monday, sales tax in 51 California cities – including four in the Sacramento area – is increasing. Sacramento, West Sacramento, Roseville and Lodi will see new rates. Taxes in Roseville, Lodi and Sacramento are each going …
via CNBC: Manhattan real estate had its worst first quarter since the financial crisis, according to a report from Douglas Elliman and Miller Samuel. Total sales fell 3 percent in the first quarter, and marked the sixth straight quarter of …
via @GS_CapSF: Some green shoots in certain categories including NAND units & Analog units, but non-memory sales getting worse at -4% YoY. ASPs still very weak. $SOXX $SMH
Globally, manufacturing dropping, retail dropping, auto sales dropping, housing dropping, revenues/guidance dropping. It's all going lower and accelerating. Trade deals and Brexit are a sham. There is no economic miracle. Reality about to hit big time. — Puff Dragon (@PuffDragon11) …
by visualcapitalist Arms Sales: USA vs. Russia (1950-2017) Between countless proxy wars and the growing threat of nuclear catastrophe, the Cold War created an unprecedented geopolitical climate. For nearly half a century, the world’s two biggest superpowers were scrambling to top …
via CNBC: The weak report from the Commerce Department on Monday joined a raft of other soft data, including housing starts and manufacturing production that have left economists anticipating a sharp slowdown in growth in the first quarter. Retail sales …
by WARREN MOSLER Rolling over: Also rolling over, and inline with the drop in retail sales: U.S. auto sales are falling as vehicle prices climb, indicating that buyers at the lower end are getting squeezed out of the new …
Taiwan Mulls F-16 Viper Fighter Purchase From the US. According to unconfirmed Taiwanese media reports, the Republic of China Air Force (ROCAF) had expressed interest in procuring up to 66 Lockheed Martin F-16 Fighting Falcon Viper (V) Block 70 multirole …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter E-commerce sales in the fourth quarter soared 12.1% from a year ago to a new record of $132.8 billion (seasonally adjusted), the Commerce Department reported this morning. For the whole year 2018, e-commerce sales blew through the $500-billion …
by WARREN MOSLER A bit of an uptic from a very low number, with last month’s data revised still lower and the outlook still looking very soft: Highlights For retail sales, no period has more seasonal extremes than the busy …