Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But these are still the good times. Don’t blame the December debacle on the partial government shutdown – it “has not had a significant effect on December closings,” the National Association of Realtors explained in its report this …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But first-time buyers cling to hope. Sales of newly built detached houses in Australia plunged 6.7% in December 2018 from November, to just 4,622 houses, according to the Housing Industry Association (HIA), easily whizzing by the …
by Martin Armstrong Gun sales in Germany have soared because of what they call the “Rapeugees.” Three years ago, more than 2,000 German girls were raped/sexually assaulted on New Year’s Eve in several German cities. Then a leaked document surfaced reporting …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Welcome to the Big Club of Saturation & Decline. For the month of December, light new-vehicle sales in China plunged 13%, compared to a year ago, to 2.23 million vehicles, the China Association of Automobile Manufacturers …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is on purpose. Macy’s is not alone. Other department stores and brick-and-mortar retailers are into this too, at least the ones that haven’t filed for bankruptcy yet. So we’ll take a look (11 minutes):
Newly built home sales fall in California from CNBC. via CNBC: The government shutdown hasn’t completely stopped the flow of stunningly bad housing data. Sales of newly built homes fell 18 percent in December compared with December of 2017, according …
via Bloomberg: hat just happened? I last wrote one of these newsletters on Dec. 20, the day after the last Federal Reserve monetary meeting. (More on my disappearance later in this commentary.) Since that date, stocks have staged a spectacular decline worldwide, …
by Irina Slav Tesla will stop offering the lowest-priced versions of its Models S and X, chief executive Elon Musk wrote in a tweet. “Starting on Monday, Tesla will no longer be taking orders for the 75 kWh version of the …
So, all that hype about christmas sales was, well, HYPE?!!! Who could have guessed pic.twitter.com/WPJwFkazGN — mcm-ct.com (@mcm_ct) January 10, 2019 Retail is puking all over itself, again pic.twitter.com/VF337CS52R — Alastair (@StockBoardAsset) January 10, 2019 Why are retailers getting crushed? …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is getting serious. Sales of new passenger vehicles, as measured by registrations, dropped 5.5% in December from a year earlier in the UK, the second largest auto market in the EU, behind Germany. Sales in …
Authored by Steve Stretsky via VanCityCondoGuide.com, The correction in the Vancouver condo market is now fully underway after prices peaked at the beginning of 2018. This should really not come as a surprise given how weak the detached housing market …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But average transaction prices rise to record highs. In terms of new-vehicle sales in the US, 2018 was the third relentless down-year in a row for three of the four biggest automakers, GM, Ford, and Toyota. …
by WARREN MOSLER Agent Orange, the self proclaimed tariff man, taking the EU: US decelerating: I would have expected Chile to be affected most by global warming… It’s becoming more clear to me that lending shifted from banks to other …
by WARREN MOSLER Corporate Profit Crunch Looms as Stocks Slide (WSJ) In December, analysts cut their earnings forecasts for 2019 on more than half the companies in the S&P 500, according to FactSet, the first time that had happened in …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “We did not foresee the magnitude of the economic deceleration.” Oh dude, starting the year out on the right foot. On Wednesday after the market closed, Apple released a letter to shareholders in which it said …
by WARREN MOSLER Not good: California Home Sales Slowest For An October In Seven Years (Econintersect) California home sales fell year over year for the third consecutive month, hitting a seven-year low for an October, as affordability constraints and a …
https://www.youtube.com/watch?v=a6rBM1sIiGU I didn’t see the usual “after Christmas sales” ads on tv, print, or on the internet. I thought it a sign. BC
by WARREN MOSLER Bad: Highlights Existing home sales have been leveling but the signal from pending home sales points to a new downturn. The pending home sales index for November fell 0.7 percent to 101.4 which is under Econoday’s consensus range …
by sundance As CTH anticipated the first tabulated holiday sales report via Mastercard® shows the results of a very strong consumer confidence level. The first report highlights a very strong 5.1% increase in holiday purchases: “Wall Street is running around like a chicken …
by PriorPride Saudi Arabia has significantly increased its military spending since the beginning of its offensive in Yemen in 2015. The United States was Riyadh’s main supplier between 2015 and 2017, followed by the United Kingdom, France, Spain, Italy, Switzerland …
by WARREN MOSLER Up some but the chart not looking so good: Highlights Mostly goods news finally greets the housing sector as both starts and permits are showing an uplift in November results that top Econoday’s consensus range. Starts jumped …
by WARREN MOSLER Analyst Opinion of Container Movements Simply looking at this month versus last month – this was a terrible month. The three month rolling averages significantly declined. This is the first dataset I have seen which could be …
The incoming Democrat House majority is readying legislation to criminalize private gun sales. Ironically, the push comes nearly 227 years to the day after private gun ownership was hedged in by the Founding Fathers via the Second Amendment, which was ratified on …
via Zerohedge: Another attempt to rally S&P futures overnight has fizzled, this time as a result of weakness in Europe and a mixed session in Asia, following a sharp decline in European retailers due to a record plunge in UK …
by WARREN MOSLER The tariff thing keeps taking its toll: China Nov car sales fall 14%, biggest drop since 2012 (Reuters) China’s automobile sales fell 13.9 percent in November from a year earlier. The drop in sales to 2.55 million …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Industry panics, overcapacity spreads, but government brushes off the wailing and gnashing of teeth, looks to EVs. New-vehicle sales in China plunged 13.9% in November, compared to a year ago, to 2.55 million units, the China …
by Dr. Eowyn Actions have consequences, and Dick’s Sporting Goods is discovering what its gun-control virtue-signaling costs. But Dick’s billionaire chairman and CEO doesn’t give a hoot. Dick’s first modified its gun-sales policy in the wake of the Sandy Hook …
https://www-forbes-com.cdn.ampproject.org/v/s/www.forbes.com/sites/ewanspence/2018/12/05/apple-iphone-xr-discount-iphone-xs-iphone-xs-max-price-sale/amp/?amp_js_v=0.1#referrer=https://www.google.com&_tf=From%20%1$s&share=https://www.forbes.com/sites/ewanspence/2018/12/05/apple-iphone-xr-discount-iphone-xs-iphone-xs-max-price-sale/ More Bad News From Apple As iPhone XR Price Slashed Adding to the signs that the newest iPhones are not meeting Apple’s internal sales targets, let alone the lofty ambitions of significantly increasing the annual sales of the iOS-powered …
by WARREN MOSLER Deficit growing despite tariffs. Could be J curve effect: Highlights A slight 0.1 percent decline in exports and a slight 0.2 percent gain in imports made for a sizable 1.7 percent deepening in the nation’s trade deficit …
Natasha Sweatte reports on predictions of major changes to the US housing market, as unsold homes climb to the highest level since 2009, when the US was in a middle of a mortgage crisis. Natasha talks to Jeff Deist, President …