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 337: More Beer, Less Bubbles: When Policymakers Toast Fake Growth
Paulitical Economy™
42 minutes
1 month ago
Post 337: More Beer, Less Bubbles: When Policymakers Toast Fake Growth
Beer maker Constellation Brands’ sales and share price are going down faster than its beer. US office vacancy rate ticked down from last year. But is still over 25% in some Western cities. When you buy a home the government assumes you’re paying rent to yourself and they add it to GDP making the economy look much stronger than it really is.Particularly if there’s a housing bubble. Another reason policymakers like to drive housing price higher.Mercedes Benz sales have been ...
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...
