Silver as an investment

Category Archives: Retail Sales

Retail Sales Moderate, Still Show Huge Hurricane Impacts, Especially Autos / by Mike Mish Shedlock / Nov 15, 2017 October retail sales rose 0.2% following a revised 1.9% gain in September, up from 1.6%. Autos continued to surge up 0.7% from September’s 4.6% rise. Excluding autos, sales rose only 0.1% Retail Sales Changes by Type of Business READ MORE The post Retail Sales Moderate, Still Show Huge […]

UK Retail Employment Plunges Most Since 2008 As Retail Sales Crash / by Tyler Durden / Oct 27, 2017 2:45 AM Yesterday we noted the surge in cable following the stronger-than-expected Q3 GDP print of 0.4% Q/Q, above the 0.3% estimate.Afterwards, the market was calculating an 87% chance that the BoE would hike next week. Brown Brothers commented that: The case against a hike is that inflation appears poised to […]

No Luck China, Either / by Jeffrey P. Snider via  Alhambra Investments / July 10, 2017 Former IMF chief economist Ken Rogoff warned today on CNBC that he was concerned about China. Specifically, he worried that country might “export a recession” to the rest of Asia if not the rest of the world. I’m not sure if he has been paying attention or not, but the Chinese economy […]

What Would Yellen Do, with these Retail Sales? / by Wolf Richter / Jun 14, 2017 The death spiral of the department store. Retail sales overall were not a disaster in May. But there were some disaster areas. Total retail sales in May dropped 0.3% from April, to $473.8 billion and were about flat with January, adjusted for seasonal variation and holiday and trading-day differences, but […]

Bowling For Inflation: US CPI Urban Consumers Less Food & Energy YoY Falls To 1.7% As Real Weekly Wages YoY Rise (Retail Sales Fall By Most Since Jan 2016) / by Anthony B Sanders via Confounded Interest / June 14, 2017 In a prelude to the almost certain rate hike by The Federal Reserve this afternoon, the US CPI Urban Consumers Less Food & Energy YoY fell to 1.7%. At least the downward trend in real weekly wages YoY was halted. READ MORE The post Bowling For Inflation: […]

In the Run-Up to the FOMC / by Marc Chandler / June 14, 2017 The US dollar is narrowly mixed ahead of the FOMC meeting, where a dovish hike seems widely expected.  The Australian dollar is leading the dollar bloc and Scandis higher.  The Aussie had to shrug off soft consumer confidence a day before the monthly employment report and perhaps […]

The Big Four Economic Indicators: April Industrial Production Largest Gain in Three Years / JILL MISLINSKI / 05/16/2017 Note: This commentary has been updated to incorporate the April data for Industrial Production. Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying […]

GDPNow Forecast Dips to 0.9%: Divergence with Nowcast Hits 2.3 Percentage Points – Why? / Mike “Mish” Shedlock / March 15, 2017 The Fed hiked today, smack in the face of an Atlanta Fed GDPNow Model forecast of 0.9 percent. The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2017 is 0.9 percent on March 15, down from 1.2 percent on […]

Consumer Spending “Pothole” Ahead: IRS Refunds Tumble As New Law Delays Payments / by Tyler Durden / Feb 12, 2017 3:33 PM A period of consumer spending, retail sales and housing weakness may be imminent, after federal tax refunds tumbled by 78% in the early part of February compared to 2016, the  result of a new law which requires the IRS to delay the printing of checks to households […]

These are the Countries with the Biggest Debt Slaves, and Americans Are Only in 10th place / by Wolf Richter / Jan 22, 2017  So who the heck are the Really Great Ones? Americans have been on a borrowing binge. To buy their favorite cars and trucks, they’ve loaded up on $1.14 trillion in auto loans. Young and not so young Americans are mortgaging their future with student loans that now amount […]