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 …
by Aaron Layman of AaronLayman.com via Investment Research Dynamics Dave’s Note: New homes sales, based on the seasonally adjusted annualized rate metric, are down over 23% from their peak in November 2017. Pending home sales, which translate into existing home sales less canceled contracts …
Bank of American Merrill Lynch says Target and Walmart online sales are outpacing those at Amazon and urges clients to buy the stocks. Analyst Robert Ohmes says Walmart saw its U.S.-owned e-commerce growth accelerate to 43 percent in the third …
by WARREN MOSLER No drama here: More housing weakness news: Highlights This has not been a good run for housing data. Pending home sales fell a very steep 2.6 percent in October which is far below Econoday’s consensus range. Existing …
by WARREN MOSLER Trade deficit still increasing: Highlights The goods portion of October’s trade deficit is deeper than expected, at $77.2 billion vs expectations for $76.9 billion and compared with a monthly average in the third-quarter of $74.6 billion. October’s …
by Michael Snyder The U.S. economy is definitely deviating from the script, and we just got more evidence that “Housing Bubble 2” is bursting. Experts were expecting that new home sales in the U.S. would rise in October, but instead …
Trumpeteers rejoice. “Best Economy Evah!!!”. In case you didn’t notice, the trade deficit also reached and all-time high today, up $14 billion since the Great Orange One ascended to the throne. The housing market is now in the process of …
by John Rubino Looks like we just hit an inflection point. So far this morning: U.S. new home sales drop to more than 2-1/2-year low (Reuters) – Sales of new U.S. single-family homes tumbled to a more than 2-1/2-year low in October …
The World’s Highest-Paid TV Hosts 2018: Judge Judy Presides With $147 Million For the first year ever, Judy Sheindlin—more commonly known as Judge Judy—reigns supreme not only in her own courtroom, but also across all of television. Pocketing $147 million …
by WARREN MOSLER Last month revised lower and looking weak: Highlights A drop for primary metals, a sharp drop for machinery, and a reversal for defense aircraft all pulled down durable goods orders in October which fell a sharper-than-expected 4.4 …
by Michael Snyder Things just continue to get even worse for the U.S. housing industry. New homes sales have been absolutely plummeting, homebuilder stocks have lost over a third of their value, and existing home sales just posted their biggest …
The Fed will be selling back MBS into the market. Statement Regarding Agency Mortgage-Backed Securities Small Value Exercise November 20, 2018 The New York Fed undertakes certain small value open market transactions from time to time for the …
by Thinker Why aren’t tickets selling to see the Clinton’s??? Could it be more Americans have watched the Youtube documentary “Clinton Chronicles” filmed in Mena, Arkansas??? A film exposing corruption, murder, and drug running and fingers all pointing to the …
via The_In-Betweener: https://www.webpronews.com/how-to-use-reddit-to-get-more-traffic-to-your-website-and-make-more-sales/ You may have recently seen this article: “This Word Appears in More Reddit Post Titles Than Any Other – A Reddit user scraped data from every submission that got at least 1,000 upvotes and found Trump topped the list …
By Bob Shanahan Homes sales in the U.S. dropped 5.5 percent in the month of September, recording the fourth straight monthly decline as the housing market continues to show signs of peaking with mortgage rates on the rise. New …