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Retiring Boomers Have More Time & Money to Spend on Services
Since early last year, many economists have been forecasting that consumers will retrench, causing a recession. They may be missing…
Consumer
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The Economy Is Still Gliding Along
Apparently, the debt ceiling issue has been resolved over the weekend, as we expected. The stock market might rally on…
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Progress In Debt Ceiling Talks Lifts Stock Prices
Stock prices are up this morning on news that both the Democrats and the Republicans want to get a deal…
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No Hard Feelings
The stock market fell today on Home Depot's disappointing guidance. Consumers fixed up their homes during the pandemic…
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Consumer Staples Prices Inflating
The good news is that the headline PCED inflation rate fell sharply to 4.2% y/y during March (chart)…
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Stocks Buoyed By Solid Consumer Indicators
The widely anticipated recession is still MIA. That's one reason why stocks have rebounded smartly since October 12,…
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Inventories Depress GDP
Economic growth wasn't as weak as suggested by real GDP which rose only 1.1% (saar) during Q1.…
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Foul Moods
The S&P 500 fell 1.6% today mostly because First Republic's earnings report reminded investors that…
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The Economic Week Ahead, Feb. 27 - Mar. 3
The economic indicators this week are likely to confirm that the economy is experiencing a rolling recession. Single-family housing is…
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Two Too-Hot No-Landing Indicators Hit Markets
The stock and bond markets reacted badly to today's stronger-than-expected personal income data and hotter-than-expected PCED. Is the…
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The Economic Week Ahead, Feb. 21-24
The holiday-shortened week is a light one for economic indicators. The BIG number will be January's PCED inflation…
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Born To Shop & Fly
We aren't that surprised by the 3.0% m/m jump in retail sales reported today. When January&…
