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…
Consumer
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,…
US Consumer Prices Are Soaring At Their Fastest Rate In 40 Years
By Tyler Durden Following yesterday’s US PPI print at record highs, overnight we saw Chinese producer prices rising at their fastest pace in 26 years,…
Americans Panic Over Soaring Inflation, Buying Conditions Hit The Worst On Record
By Tyler Durden One month ago, when looking at the internals of the UMich report, we noted that there was “A Sudden Negative Change In…
American Consumer Sentiment Crashes Below COVID Crisis Lows, Inflation Fears Rebound
By Tyler Durden Following UMich’s sentiment slump in July, analysts expect a further (modest) slide in Americans’ confidence in preliminary August data this morning. They…
We Just Got Proof that Americans, Not China, Are Paying for the Tariffs
By Brad Polumbo President Trump famously (and falsely) said that “trade wars are good and easy to win.” But we now have confirmation that, just…
US Consumer Prices Jump At Fastest Pace Since 2009 As Energy Costs Surge
By Tyler Durden Following the explosive surge in producer prices, analysts expected a similar jump in consumer prices and were not disappointed as headline CPI…
A Very COVID Christmas: Visualizing The Pandemic’s Impact On Festive Spending
By Tyler Durden From mass job losses to not seeing family and friends for months on end, the COVID-19 pandemic has pushed people to their…
US Retail Sales Disappoint, Tumble Most Since April
By Tyler Durden While analysts expected a modest drop in US retail sales in November (after its big slowdown in October), and BofA credit card…
“These Are Staggering Numbers”: Spending By Unemployed Americans Plunges As Fiscal Stimulus Ends
By Tyler Durden One month ago, with millions of newly unemployed Americans fearful about their future in an economy transformed by the covid pandemic, Deutsche…
Unemployed Americans Spent More With $600 Weekly Boost Than Before Pandemic; That’s About To Go Away
By Tyler Durden At the end of this month, millions of unemployed Americans are set to lose their $600-per-week federal unemployment boost on top of…
Many People Are Now Celebrating “Buy Nothing Day” Instead Of “Black Friday”
By John Vibes Each year in the United States, millions of people participate in a mass ritual in consumerism that has come to be known…
How to Put Your Money Where Your Morals Are
By Laura Williams Several Christmases ago, I stopped buying NCAA-branded gifts for my football fanatic in-laws, because the NCAA’s treatment of student-athletes is abysmal. Recent…