Inflation Storm Devastates US Households As Fuel, Power And Food “Become Unaffordable”
By Tyler Durden The latest inflation figures are due on Friday and will reveal if consumer prices are signaling a peak or will remain at…
Consumer
Shocking Consumer Credit Numbers: Everyone Maxing Out Their Credit Card Ahead Of The Recession
By Tyler Durden While it is traditionally viewed as a B-grade economic indicator, the April consumer credit report from the Federal Reserve was another shocker…
Here Are 11 Statistics That Show How U.S. Consumers Are Faring In This Rapidly Deteriorating Economy
By Michael Snyder Prices are soaring, there are widespread shortages of certain items such as baby formula all over the nation, and at the same…
US Middle Class Is Shutting Down As Spending By The Rich Remains Robust
By Tyler Durden After dismal earnings by such mammoth retailers as Walmart, Target and this morning’s “horror report” by Abercrombie and Fitch, on Tuesday afternoon…
Shocking Consumer Credit Numbers: Everyone Is Maxing Out Their Credit Card Ahead Of The Recession
By Tyler Durden While it is traditionally viewed as a B-grade indicator, the March consumer credit report from the Federal Reserve was an absolute shocker…
Another State Considering a Consumer Data Protections Bill
By B.N. Frank Americans are becoming more concerned about all the personal data that is being collected on them – and their kids – and…
“Extraordinary” — US Consumer Prices Soar At Fastest In Over 40 Years
By Tyler Durden Having warned the world to expect “extraordinarily elevated” levels of inflation due to “Putin’s Price Hike,” the White House is likely in…
Consumers Ditch Brand Names For Generic Food As Inflation, Shortages Hit Supermarkets
By Tyler Durden U.S. consumers’ loyalty to brand names at supermarkets is quickly evolving as they try new grocery products amid snarled supply chains and…
US Producer Prices Soar At Double Digits For First Time
By Tyler Durden Following the far-hotter-than-expected CPI print, analysts expected Producer Prices to extend their acceleration, and they did rising 10.0% YoY in February (vs…
US Households Expect Record Spending Increases As All Prices Soar
By Tyler Durden After unexpectedly sliding last month in what was the largest monthly decline since 2013, the latest NY Fed Survey of Consumer Expectations…
US Consumers Will Push Back On High Food Prices, Mondelez CEO Says
By Tyler Durden America’s top snack company, Mondelez International, told Bloomberg TV Friday that consumers will begin to push back on rising food prices as the economy…
The Dollar’s Decline May Be About to Accelerate
By Stefan Gleason Over the past year, the Federal Reserve Note “dollar” has been losing value at an alarming pace as reflected by broad price…
US Retail Sales Tumble Most Since February 2021 As Web Revenues Crash
By Tyler Durden While the consensus believed today’s US retail sales for December would come in with a modest 0.1% MoM drop to end 2021,…
Black Friday Disappoints, Cyber Monday Sales Fall For The First Time Ever
By Tyler Durden Yesterday when addressing the nation, and taking what appeared to be a victory lap for something – it wasn’t exactly clear what,…