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 340: The Reckoning Begins: Capital Misallocation Comes Home To Roost
Paulitical Economy™
47 minutes
3 weeks ago
Post 340: The Reckoning Begins: Capital Misallocation Comes Home To Roost
All of a sudden a lot more companies are announcing layoffs.Things have significantly changed from when companies used to hoard employees just in case.A look back at Porsche.And sales are falling as their customers are feeling poorish.US inflation ticks up to its highest level in eight months with core inflation remaining well above the Fed’s 2% target.Which itself is a joke.Core inflation measures in Canada remain elevated.One of the biggest increases is in property taxes.As new development ...
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...
