Tag Archives: Retail Sales

  • News

    Dollar Rally Hurts PM, Monoclonal Antibodies for Everyone!

    Weekly Market Commentary 17 September 2021
    by davefairtex

    Sunday, September 19, 2021, 7:37 AM

    34

    Market Commentary There were three major economic series released this week: Retail Sales [+0.71% m/m], Industrial Production [+0.40% m/m], and CPI [+0.27% m/m]. The CPI was just a bad joke; it is up +4.38% y/y, with PPIACO up +16.16%. Someone should complain to the Trusted News Initiative gang that the harmful disinformation coming from the…

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  • News

    The Impending Taper, and Boosters: A Strategic Blunder

    Weekly Market Update 20 August 2021
    by davefairtex

    Sunday, August 22, 2021, 7:16 AM

    19

    Market Commentary This week we saw falling Retail Sales [-1.49% m/m] alongside a rising Industrial Production [+0.93% m/m]. Post-pandemic, Retail Sales had been supported both by rising prices, as well as lots of free money from the government, but this appears to be coming to an end, although in absolute terms it remains strong. INDPRO…

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  • Insider
    Gunnar3000 | Dreamstime.com

    The Time For Shorting the Market Is Approaching

    The dashboard of warning signals is getting bright
    by Chris Martenson

    Thursday, February 27, 2014, 12:55 AM

    33

    Executive Summary

    • Why stocks may average 0% return (!) for the next decade
    • The depressing data in
      • Retail sales
      • Housing
      • Manufacturing
      • Consumer confidence
    • Why the time to short the market is looking near

    If you have not yet read The Stock Market's Shaky Foundation, available free to all readers, please click here to read it first.

    To be sure, there is one piece of fundamental information that has supported equity prices; and that’s corporate earnings.

    Those have vaulted to new highs, despite the weak economic recovery, on the back of ultra-cheap borrowing (which reduces interest costs which are deducted from earnings), government deficit spending, and low household savings:

    While the parabolic rise in corporate earnings is quite impressive, they are also historically unprecedented and certainly unsustainable. 

    When we look at the same chart seen above but on a percent change yr/yr basis we see that they have been slowing down remarkably and aren't that far above the zero mark…

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  • Blog

    Daily Digest 12/14 – Germant May Boost ECB Capital, US Retail Sales RIse, Euro May Gain Versus Dollar

    by DailyDigest

    Tuesday, December 14, 2010, 4:00 PM

    0
    • Just Another Manic Monday – Stagflation Official in China
    • China to Appeal Trade Ruling on Tire Dispute
    • Official: Germany Willing To Boost ECB Capital
    • U.S. Retail Sales Rise Above Forecast as Consumers Recover
    • Wall Street Set For Higher Open As Retail Sales Rise
    • Belgian Bonds Fall on S&P Outlook Cut as Debt Crisis Spreads
    • Euro May Gain Versus Dollar on Two-Year Notes Yield Spread, Citigroup Says

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  • Blog

    Daily Digest 12/2 – Fed Discloses Big Loans, Home Sales Rebound, Gold Prices Flat

    by DailyDigest

    Thursday, December 2, 2010, 4:00 PM

    0
    • Senate Approves Biggest Food-Safety Overhaul in 70 Years
    • As The Euro Goes The Way Of The Dodo, Where Does That Leave The Dollar?
    • Federal Reserve Data Disclose Big Loans To Financial Organizations
    • Retailers Nov Sales Show Strong Start To The Holidays
    • Pending Home Sales Rebound 10.4% in October
    • Initial Unemployment Claims Tick Back Up
    • Gold Prices Flat As Traders Await Data

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  • Blog

    Daily Digest 11/15 – Stimulus Lifts Japan’s Economy, Retail Sales Increase, Ireland Bail Out

    by DailyDigest

    Monday, November 15, 2010, 4:00 PM

    0
    • A User’s Guide to the Crisis of Civilization: And How to Save It
    • Stimulus Helps Lift Japanese Economy
    • Oil Futures: Crude Rebounds After Last Week’s Sell-off
    • Retail Sales Jump on Auto Strength
    • Bailing Out Ireland, Bailing Out Banks
    • O.K., You Fix the Budget
    • Fresh Attack on Fed Move

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  • Blog

    Irreconcilable Differences

    by Chris Martenson

    Wednesday, April 14, 2010, 9:35 PM

    0

    I may have to get a divorce from the news, as nothing adds up anymore.

    For example, even as the stock market surges along, as one might expect at the tail end of trillions in stimulus and bailouts, and retail sales apparently roared ahead in March according to the Commerce Department, small businesses are as gloomy as they’ve ever been.

    I really do have a difficult time trying to understand the source of the disconnect between these entirely divergent reports:

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  • Blog

    New Martenson Report – Green Shoots? Not Yet.

    by Chris Martenson

    Monday, June 8, 2009, 12:32 PM

    0

    There’s a new Martenson Report ready for enrolled members.

    This week I take a stroll through the consumer data – after all most of the economy rests with the consumer – to determine if I can find any ‘green shoots.’

    Link to Green Shoots?  Not Yet.

    A snippet:

    Executive summary

    • No green shoots in the consumer data
    • Mortgage Equity Withdrawal (MEW) is negative
    • Consumer credit is negative
    • Retail sales are negative
    • Rail and port traffic is deeply negative
    • Unemployment not as positive as presented
    • State tax revenues are negative
    • Federal tax receipts? Don’t ask.

    Again this week I find myself sifting through mountains of data that are telling me one thing, while I read news accounts and official proclamations that suggest another. We do ourselves no favors by shielding ourselves from the hard truth.

    There is much that we need to confront with respect to energy, transportation, food production, and living within our economic means. Because I do not yet see any official recognition of the possibility that a blind return to growth might actually be adding fuel to an already hot fire, I continue to do my work of reaching out to individuals and communities in an effort to get them to prepare.

    I want to counter the recent incantations by the media, fiscal, and monetary authorities that "things are on the mend" and that there are green shoots sprouting all over the place. There are indeed some encouraging signs, but there are an equal number of discouraging signs. This is a time for caution, not complacency.

    Let’s break down the economy into its biggest pieces and see what we can find in each of them.

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  • Blog

    Fuzzy Numbers: Extent of the Deception Revealed in Barron’s

    by Chris Martenson

    Sunday, March 29, 2009, 11:59 AM

    0

    Alan Abelson has a tremendous article in the recent issue of Barron’s where he recounts some of the massive statistical revisionism that accompanied a broad swath of government data released this past week.

    In this two part dance, the government first employs some highly dubious statistical tricks, in this case “seasonal adjustments” and then the press runs off with the information often slathering a layer of spin and hype on top of the obviously dodgy data. I wrote about this in my 3 posts last week on existing and new home sales and durables.

    Here’s the relevant part from that article (all emphasis mine) – I especially love the opening paragraph:

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