Americans Spent More on Christmas This Year, But Not Because They’re Prosperous
By Ashley Allen Reade The most expensive time of the year is winding down and the numbers are in. Retail sales ended up being 7.6%…
Consumer
Black Friday Was Dark Indeed for Retailers
By Daisy Luther Usually, after the biggest shopping day of the year, I scour the internet for a montage of shocking videos for an annual…
The End Of The Retail Industry As We Know It Today
By Michael Snyder Will this be the last “somewhat normal” holiday season for U.S. retailers? Normally, the holiday season is the most profitable time of…
U.S. Consumers Are Doing EXACTLY What They Did Just Prior To The Crash Of 2008
By Michael Snyder We never seem to learn from our mistakes. Just before the financial markets crashed and the economy plunged into a horrifying recession…
U.S. Consumers Will Be Spending Much Less This Holiday Season Because Many Of Them Are Already Tapped Out
By Michael Snyder This holiday season is certainly going to be far less jolly for millions of Americans. Yesterday, I detailed 11 signs that economic…
70% of Americans Say They Trust People More than A.I.; “more frustration when dealing with technology”
By B.N. Frank Artificial intelligence (A.I.) technology is considered controversial because it can be biased, be hacked, be privacy invasive (see 1, 2, 3, 4,…
Trans-Pacific Shipping Rates Plunge 75% As US Retail Demand Falters
By Tyler Durden The problem with price inflation is that it often makes it impossible to track the true health of consumer demand. For example,…
Credit Card Rates Just Hit A Record As The Average Car Loan Rises To Fresh All Time High
By Tyler Durden With the 30-year mortgage now (un)comfortably into 7% territory, the US housing market is already suffering the “sharpest turn since the 2008…
Shocking Consumer Credit Numbers: Everyone Maxed Out Their Credit Card As Economy Slid Into Recession
By Tyler Durden While it is traditionally viewed as a B-grade economic indicator, the August consumer credit report from the Federal Reserve was another shocker…
29% Of Americans Now Drawing From Their Savings “More Than Usual”, New Survey Shows
By Tyler Durden New data out last week in the latest Forbes Advisor-Ipsos Consumer Confidence Weekly Tracker shed some light on just how much Americans have…
Why Are Walmart And Other Major U.S. Retailers Canceling BILLIONS Of Dollars In Orders As Summer Comes To An End?
By Michael Snyder Do they know something that they aren’t telling us? As you will see below, Walmart, Target and other major U.S. retailers are…
US Consumer Prices Blow Away Expectations, Rise For 27th Straight Month
By Tyler Durden “We saw this tug of war between goods moderating and services remaining strong. This is not a tug of war. They both…
Alarm Bells Sound As World’s Second Largest Appliance Company Reports Demand Plunge
By Tyler Durden Swedish appliance maker Electrolux AB announced a cost-reduction program after reporting a plunge in demand for its home appliances across Europe and the…
Average Credit-Card Debt Soars By 13%, Largest Increase Since 1999
By Bryan Jung The average credit card debt held by households in the United States surged by 13 percent in the second quarter, the largest increase in…