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by Dismal-Jellyfish TLDRS: Consumer credit increased at a seasonally adjusted annual rate of 2.4 percent during the second quarter. Revolving credit (credit cards) increased at an annual rate of 1.2 percent. Nonrevolving credit increased at an annual rate of 2.9 …
by confoundedinterest17 The wheels are coming off Bidenomics. Code for corporate welfare and massive government spending. Coupled with misguided and burdensome regulations, we got gut wrenching inflation. The result? A disastrous stock market showing yesterday. What has Biden/Harris’ economic agenda wrought? …
Booking Holdings misses. Stock down 7%. The consumer is dead. None of this should be surprising after the inflation we had. Futures getting slammed pic.twitter.com/WPxz1d289n — QE Infinity (@StealthQE4) August 2, 2024 The 10 year yield breaks 4%. They told …
Germany & France continue to underperform the rest of the region, IFO & INSEE business indicators have also disappointed. Yet, Germany consumer confidence has improved with a higher propensity to buy led by income expectations but remains weak as seen …
The Federal Trade Commission announced on Tuesday that it’s ordering eight companies that offer AI-powered “surveillance service pricing” to turn over information about the potential impact these products have on privacy, competition and consumer protection. With this investigation, the agency …
https://www.youtube.com/watch?v=ML-lzx9BHUg
Even $2Tn deficits not working? — Chart Cruncher (@NaughtonPaolo) July 16, 2024 Consumer loans delinquencies are steadily marching higher Unemployment is creeping up Corporate profits are cooling off pic.twitter.com/CsTOmBbGlm — Win Smart, CFA (@WinfieldSmart) July 15, 2024 Trucking Employment Continues …
Consumer sentiment is lower today than during the height of the pandemic lockdown in March/April of 2020. It is currently at levels traditionally seen during recessions. — Wealthion (@wealthion) July 14, 2024 THIS IS WILD: $2.1 trillion of US excess …
IMO- Retail sales NUMBERS have held up due to total dollars, but that means buying less physical goods. NOW, cumulative inflation has pushed people into getting even less and adding more on their cards just to survive? — Scott Sheller …
BREAKING: Nike stock, $NKE, is now down over 17% today after projecting a 10% decline in revenue for the current quarter. Nike now expects 2025 sales to fall mid-single digits, compared to estimates of a 0.9% increase. It also saw …
Malls, retail stores, and restaurants all across the country are going out of business in a lead up to this coming recession / depression. The lucky ones that are still in business, are having a hard time right now as …
The financial landscape is in turmoil: credit card interest rates have surged to an unprecedented 21.47%, while credit card debt has crossed the $1 trillion mark. Personal interest payments have climbed to over $500 billion, signaling a looming consumer crisis. …
US consumer confidence eased this month due to a more muted outlook for business conditions, the job market, and incomes. The Conference Board’s gauge of sentiment decreased to 100.4 from a downwardly revised 101.3 reading in May . Specifically, expectations for the …
US bankruptcies are riding rapidly: 275 large companies have declared bankruptcy through May of this year, the 2nd highest since 2010. Over the last 14 years, only 2023 saw a higher count of bankruptcy registrations, at 277. In May 2024 …
by confoundedinterest17 We’re going down! Moments ago the University of Michigan released the latest “report card” on Bidenomics, and to nobody’s surprise – except perhaps a certain senile teleprompter reading, diaper-wearing puppet in the White House – it was another disaster. …
by confoundedinterest17 Too much debt should be the theme song for the US! Both for consumers and the Feral government (not a typo!) Consumer credit increased by +$6.403 billion in April, much softer than consensus estimate of +$10 billion … more …
Recent economic updates from the U.S. paint a bleak picture, stirring deep unease among investors. The latest indicators, including the sharp decline in the Bloomberg Economic Surprise Index, signal a worrisome underperformance reminiscent of the tumultuous trends observed in 2019. …
Consumer spending is collapsing. This chart is just ugly. Stimmies are drying up and inflation continues to pressure spending. Never forget: Consumer spending represents 70% of the economy. pic.twitter.com/tTPeM1fKMp — QE Infinity (@StealthQE4) June 2, 2024 Savings Depletion: Many households …
US consumer borrowing has ground to a halt. Tapped out? pic.twitter.com/KH335Qw4lD — PPG (@PPGMacro) May 29, 2024 The recent data on U.S. consumer borrowing paints a concerning picture of financial stability. Delinquency rates, which Austan Goolsbee of the Chicago Federal …
#recession … #GFC2 China #Consumer edition https://t.co/LFlIfgMRwb pic.twitter.com/NkpL5pBgUd — Invariant Perspective (@InvariantPersp1) May 11, 2024 🇨🇳 #China Consumer #Inflation Rises, Factory Price Drop Continues – Bloomberghttps://t.co/V5KF35Tuil pic.twitter.com/7GT29WWWIZ — Christophe Barraud🛢🐳 (@C_Barraud) May 11, 2024 China’s consumer inflation quickened in April, …
In a saga of economic upheaval, Starbucks unveils a grim reality: consumer transactions plummet, revenues falter, and job cuts soar to record highs. As the ominous shadow of uncertainty looms large, the once bustling landscape of consumer confidence now stands …
Dollar Tree is causing commotion with its recent price update. True dollar prices are a thing of the past in Dollar Tree. The discount giant is raising prices again, with some items as high as $7. The company also announced …
Just as excess savings have been depleted pic.twitter.com/exP6JjsGHn — Bravos Research (@bravosresearch) April 22, 2024
via naturalnews Urgent action by the United States Department of Agriculture (USDA) is needed, says Consumer Reports, to address the National School Lunch Program, which is poisoning America’s schoolchildren with contaminated food. Consumer Reports testing found that more than 30 million schoolchildren in …
🇺🇸 US Conference Board Consumer Confidence Expectations minus Present Situation -77.2 Leading indicator for #recession! Chart: @LizAnnSonders pic.twitter.com/nYsQcGlMBq — Alex Joosten (@joosteninvestor) March 27, 2024 As economic indicators send warning signals, analysts are keeping a close eye on the pulse …
via Mike Shedlock: To entice buyers, home builders are building cheaper and cheaper houses. What are you getting for your money? New Home Sales Prices from the Commerce Department, chart by Mish. New Home Sales Key Points The average sales …
Chief Economist Warns Of High Chances Of Recession Due To Rising Unemployment And Declining Consumer Spending The chances of the economy sliding into a recession are “extremely high,” as the United States is on the brink of experiencing a surge …
via Mike Shedlock The answer to the question appears to be yes, starting October of 2023. Six pictures of real vs nominal advance retail sales tell the story. Real and nominal advance retail sales. Real sales are inflation-adjusted by the …
After January’s surprised upside shift, expectations have been adjusted up over the last month for another sizable MoM move in headline CPI. But that was not enough as the 0.4% MoM rise in the headline (as expected – highest since August) lifted CPI YoY up …
