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 342: Wealth Disparity in the Special K Economy – Even the Fed is Noticing
Paulitical Economy™
57 minutes
1 week ago
Post 342: Wealth Disparity in the Special K Economy – Even the Fed is Noticing
Americans are dining out less often.Traffic has been down eight months in a row.Yet Darden, owner of Olive Garden, is seeing same store sales accelerate.But not Wendy’s:US same store sales are accelerating downwards.They said that lower income consumers remain under pressure.And we take a look back.As financing costs go up, used car sales go down and loan losses go up.CarMax, the largest used car dealer in the US, is struggling.Car repossessions in the US could hit a new record this year.Penn...
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...
