This should be NO surprise to anyone.... The 'economy might be getting better'... But consumer prises ARE STILL rising across the board except gas prices.... People ARE borrowing to spend morey they don't have.... Credit card debt in the United States … [Read more...] about American Credit Card debt keeps rising…..
US Consumer spending
Future Recession?…Nope…Now?…..
Americans and Joe Biden can't cartch a break.... Inflation off the pandemic and Ukraine conflict seems to be capped by a recession from the Fed going after thte Inflation and stucorness of coming back from the pandemic and high energy costs.... Things have ALREADY begun … [Read more...] about Future Recession?…Nope…Now?…..
US Inflation…Rich Get Richer…The Poor Cut Back….
With the support for middle and lower class American's dried up in what some think is the 'Post Covid' world? Spending IS dropping while retailers seem to continue to try and claw back lost profits from consumers .... Americans at the low end of the income rung are once again … [Read more...] about US Inflation…Rich Get Richer…The Poor Cut Back….
Virus leaving…America Consumer Price’s increase…
Gas prices UP.... Food prices UP.. Inflation growing.... (Some Republicans mumbling about Biden and gas prices in the same sentence)... Prices were up by 3.6 percent in April compared to a year ago, continuing a trend of rising inflation, although economic … [Read more...] about Virus leaving…America Consumer Price’s increase…
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….
US Economic growth slowing….
The hype about a 'robust' US economy is just that ...hype... Consumers maybe spending.... But buffeted by higher taxes, little to no income increases and trade wars around the world..and Donald Trump himself? Things are slowing slipping for the American … [Read more...] about US Economic growth slowing….