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 …
via Grant’s Interest Rate Observer On Monday, the Real Estate Board of Greater Vancouver reported February results that could be classified as ghastly, with residential home sales plummeting 32.8% year-over-year to 1,484 units. That’s the lowest February sales total since 1985 and …
by WARREN MOSLER Bad. All sectors decelerating and residential looking down year over year: U.S. auto sales tumbled 2.8 percent in February (Detroit News) Overall sales for the month tumbled 2.8 percent from the same month a year ago, …
By Lance Gaitan Remember back when the housing bubble burst? It happened well before the financial crisis in 2008. In fact, the air started leaking out in 2005. And it really took a blow in 2006. Back then, I tried to sell …
by WARREN MOSLER Can’t be making Tariff Man happy: Highlights The effects of cross-border trade actions have been difficult to pinpoint in the national economic data but outlines may be appearing in goods trade. The nation’s goods deficit swelled to a …
by WARREN MOSLER Chinese state company defaults offshore, first time in 20 years (FT) A Chinese state-owned enterprise from the country’s remote north-west has failed to repay a US dollar bond in Hong Kong, the first offshore default in 20 years and the …
via upfina: The stock market is at a very interesting juncture because its rally has been impenetrable despite the global economic slowdown. The 20% decline late last year probably wasn’t warranted because there are few signs America is headed for a …
🇺🇸Possibly worrying wholesale numbers. Falling sales and rising inventories. Often a precursor to slower GDP growth. pic.twitter.com/HoGyJReLEU — Mikael Sarwe (@MikaelSarwe) February 25, 2019 BUFFET: ECONOMY SEEMS FINE RIGHT NOW pic.twitter.com/FW9gskjHCE — Alastair (@StockBoardAsset) February 25, 2019 This trade deal …
Q1 EPS now expected to decline by -2.7%. Was -0.8% two weeks ago and +3.0% on Dec. 31 pic.twitter.com/tFdnp0bOux — zerohedge (@zerohedge) February 22, 2019 https://twitter.com/OccupyWisdom/status/1098791204299390978 still the "greatest economy ever"? pic.twitter.com/VQvqDQhk7G — Alastair (@StockBoardAsset) February 22, 2019
by WARREN MOSLER Asia’s exports to China plunge as economy stumbles (WSJ) Japan’s exports to China in January sank 17.4% on the year to 958.1 billion yen ($8.65 billion), accelerating from December’s 7% drop. South Korean exports to China in …
by WARREN MOSLER Japan exports hit by biggest fall in 2 years on weak China demand (Reuters) Japan’s exports fell 8.4 percent in the year to January. It was the sharpest annual decline since October 2016, and followed a revised …
by bartturner Apple overreached for sure. People followed Apple rapidly from $400 for a new phone over a few years to $800 a phone, aided by cell phone companies amortizing the costs into people’s plans over a long term. But …
by WARREN MOSLER China Total Vehicle Sales Vehicle sales in China tumbled 15.8 percent from a year earlier to 2.37 million in January 2019, following a 13 percent drop in the previous month. It was the seventh consecutive annual decrease …
via upfina: The December retail sales report was so terrible that it implies a recession is coming soon if the data is accurate. There’s always a chance the data is incorrect because these results are revised. This time there is a …
by Troy On a slow moving day for the U.S. stock market, today’s big news is that “Retail Sales crashed, just like in 2008/2009!!!”. Financial media jumped all over this – nothing sells like bad news. Go here to understand our …