Spending appears to have finally slowed returning to a ‘normal economic environment.’….
Transpacific Shipping Drops 75% During Peak Season as Joe Biden Energy Inflation Bites and Consumer Spending Collapses…
The economic data coming in the past week is in alignment with prior forecasts. Bottom line, energy driven inflation has collapsed consumer spending, inventories climbing, vendors are cancelling orders, and this is peak season for transpacific shipping- which has now recorded the most rapid drop in history…
No Recession? All of a Sudden Yield Spreads Are Collapsing…
No recession. That was the recent declaration from Treasury Secretary Janet Yellen, noting that consumer spending, industrial output, credit quality, and other indicators don’t suggest economic risk…
Stunning MAGAnomic Comeback – September Retail Sales Jump 1.9 Percent, and 5.4 Percent Year Over Year…
Go read the Reuters analysis and you’ll see they are doomsaying, under the auspices that more stimulus spending is needed or the economy will collapse. Nonsense. The data is the data…
The US Consumer Taps Out: BofA Internal Credit Card Data Shows Retail Spending Tumbles…
Ahead of this week’s big macro event, Thursday’s retail sales report, Bank of America has, as is customary, released its own internal credit and debit card data. It’s downright ugly…