That means that House, Car and big ticket items will get interst rate hikes.... That means those same things are gonna be sold less... That means the recession thatr has laready begun is gonna get worst... That means more people are gonna be losing their jobs and apply … [Read more...] about Federal Reserve pushes interest rates up .75 of a point….
consumer spending
Retail sales number up for May….But?
As governor's lift virus restrictions.... People leave home and begin buying things not just on-line and not just water, toilet paper and paper towels.... But? A LOT of people aren't back to work.... And some are just getting laid off.... Sales are still off for … [Read more...] about Retail sales number up for May….But?
J.C. Penney joins the Gap and Neiman Marcus in declaring bankruptcy….
The retail chains had been teetering on the edge of closing.... The virus shutdown of retail shopping pushed them over the edge... It's hard times for big store retail.... On-line shopping and a recession economy is and will keep hurting clothing stores which have lost … [Read more...] about J.C. Penney joins the Gap and Neiman Marcus in declaring bankruptcy….
American Retail sales drop almost 20%…..
A whole LOT of America stayed home.... (A lot are still close to home) For six weeks people only brought food and paper goods mostly.... Retail stores where closed and most only operated on line.... Small business , which the IS most of the American economy, closed … [Read more...] about American Retail sales drop almost 20%…..
Jobless application’s at 4.4 million last week….
It has been five weeks of people asking for government assistance to live in the millions... Almost 10% of American's are seeking or getting assistance money to live... This is the worst this has been since the last recession in 2008/2009.... The American economy is … [Read more...] about Jobless application’s at 4.4 million last week….
4th Qtr 2019 Economy shows last years slowed from 2017 and 2018….
This place has pushed back on the rosy stories from the Trump admin people on the 'Great' Donald Trump economy... It's been bull shit.... The American GDP has been SLOWING since Donald Trump got his day job.... In MORE bull shit ? Donald Trump promised everyone he's … [Read more...] about 4th Qtr 2019 Economy shows last years slowed from 2017 and 2018….
U.S. consumer spending dropped last month….
People gotta stop pushing the American economy is doing fine... It isn't.... U.S. consumer spending sunk in September by the lowest rate in seven months, according to data released Wednesday by the Commerce Department. Sales of retail goods and food services sank 0.3 … [Read more...] about U.S. consumer spending dropped last month….
The US Economy, as expected, IS Slowing…..
The warning signs have been evident for almost a year.... Donald Trump's mindless ticking with it has made things worst and he'll be running on a "great economy?' People keep spending their money but, are getting only small wage increases.... The 2017 tax cut did … [Read more...] about The US Economy, as expected, IS Slowing…..