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Consumers Are Still Consuming
So far, consumers haven’t read the recession memo. They are spending freely, according to MasterCard SpendingPulse, which found that…
Consumer
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Slow Moving Economy
August's industrial production and inflation-adjusted retail sales reports today show that the US economy is growing, but just…
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Watching The Pump Price
Everyone who drives a car or rides in one knows the price of gasoline on a daily basis. The sharp…
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Consumers Have Nothing To Fear But The Future
Consumers are looking into their crystal balls and they don't like what they see. Even though the present…
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Goldilocks & the Fed
Was today’s June employment release a Goldilocks report? Payroll employment rose 372,000, and wages increased 0.3%—not…
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It's (Unofficially) a Recession!
The economy continues to teeter on the edge of a recession. The Atlanta Fed's GDPNow tracking model shows…
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May's Retail Sales Depressed Q2's Real GDP
May's retail sales was weak in current dollars (-0.3% m/m) and even weaker in real dollars…
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Uncle Sam Isn’t Santa Claus
Following Friday’s CPI shocker, the financial media seem to have concluded that the Fed will have no choice but…
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Mortgage Applications Falling, Consumer Credit Balances Rising
The housing market may be falling into a recession, but consumers continue to spend—though they have needed to borrow…
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Don't Bet Against American Consumers
How much pain at the pump can consumers take? The national retail price of a gallon of gasoline soared to $4.59 during the May 16 week.…
