Small bank credit card loans 30+ days late reached 7.24%. University of Michigan consumer sentiment is levels last seen during 2008 Financial Crisis and 2011 Debt Crisis July 14, 2023 9:32 am
Inflation Alert! The Reserve Bank of New Zealand’s Monetary Policy Review July: The Official Cash Rate (OCR) held at 5.5%. Employment above sustainable level, Consumer spending slows. Could this be the start of other central banks pausing this time as the Fed take the lead with the July rate hike? July 12, 2023 9:45 am
EATING FROM DOLLAR STORE DUMPSTERS IN THE BOOMING ECONOMY – US CONSUMER GETTING DESPERATE July 10, 2023 10:03 am
Consumer Spending Apocalypse 2023: 2200+ Retail Closures & Untold Number Of Restaurant Closures July 7, 2023 9:44 am
US economy may face turning point due to consumer savings depletion. July 6, 2023 3:37 pmJuly 5, 2023 7:54 pm
Extremely weak global economy… The United States and Europe are already in an industrial recession; Optimism around the Chinese consumer has faded following the re-opening July 4, 2023 10:22 pmJuly 3, 2023 3:41 pm
WALMART IS NOW A LUXURY – DOLLAR STORES CONQUER AMERICA AS THE CONSUMER TAPS OUT July 1, 2023 7:44 pm
Consumer borrowing is increasing at an unprecedented rate…Using credit to chase inflation July 1, 2023 10:44 pmJune 30, 2023 7:51 am
Amazon CEO warns about perfect storm – The retail landscape is expected to change significantly, with some major retailers facing lagging sales and changing consumer habits. June 21, 2023 7:19 amJune 20, 2023 7:39 pm
In April, consumer credit (AKA consumer DEBT) increased at a seasonally adjusted annual rate of 5.7%. Revolving credit (credit cards) increased at an annual rate of 13.1% , while nonrevolving credit (student loans, personal loans, mortgages) increased at an annual rate of 3.2%. June 7, 2023 10:12 pm
Germany falls into RECESSION amid high energy prices and drop in consumer spending June 3, 2023 12:22 pm
For The First Time Ever, Low Unemployment Is Positively Correlated With Low Consumer Sentiment June 3, 2023 11:33 amJune 2, 2023 12:41 am
U.S. credit card debt has increased by $250 billion in two years. U.S. consumer debt piles up to $17 Trillion! June 1, 2023 4:56 pm