Home Depot sales are once again weakening.They’re blaming a lack of hurricanes.Target department store sales are accelerating downwards.With discretionary items taking the biggest hit.Meanwhile, consumers are increasingly turning to off-price retailers such as TJ Maxx and Marshalls.Sales are accelerating upwards.Core inflation in Canada remains elevated.And I add some comments on the scandalous increases in property taxes and new development charges over the last twenty years.In Financial Ruc...
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Home Depot sales are once again weakening.They’re blaming a lack of hurricanes.Target department store sales are accelerating downwards.With discretionary items taking the biggest hit.Meanwhile, consumers are increasingly turning to off-price retailers such as TJ Maxx and Marshalls.Sales are accelerating upwards.Core inflation in Canada remains elevated.And I add some comments on the scandalous increases in property taxes and new development charges over the last twenty years.In Financial Ruc...
Post 335: Paycheck to Paycheck, Kellogg’s, and a Dressing Down of the Federal Reserve
Paulitical Economy™
50 minutes
1 month ago
Post 335: Paycheck to Paycheck, Kellogg’s, and a Dressing Down of the Federal Reserve
Two thirds of American workers are now living paycheck to paycheck.And job prospects are the lowest in at least 12 years.Kellogg’s has had a long history and the company split into two separate businesses a couple of years ago.Now both of those businesses will be taken over by private companies.Sales for both are very weak.Lennar is one of America’s largest home builders.Its home prices are now down over 20% from peak.And down from pre-COVID.Core inflation in Canada remains elevated.In Financ...
Paulitical Economy™
Home Depot sales are once again weakening.They’re blaming a lack of hurricanes.Target department store sales are accelerating downwards.With discretionary items taking the biggest hit.Meanwhile, consumers are increasingly turning to off-price retailers such as TJ Maxx and Marshalls.Sales are accelerating upwards.Core inflation in Canada remains elevated.And I add some comments on the scandalous increases in property taxes and new development charges over the last twenty years.In Financial Ruc...
