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Consumer spending dropped .5% in September according to the latest information from the Bureau of Economic Analysis, led by the end of the Cash for Clunkers Program.
I've seen many people worry that we'll soon be seeing high inflation and perhaps even hyperinflation. But it's no sure thing. This article makes a case that it won't happen. Even though the Fed is...
Another Mish commentary on why we'll see many years of bad stock market performance and little inflation. From the post:
Think the US stock market is going to come roaring back if consumer...
The results of a bevy of surveys found a growing number of consumers are only a couple paychecks away from a household collapse even as many scramble to shore up savings.
It seems the low...
For all of the bad news that we hear day in and day out, there are some positives. Today, we learned that personal income actually rose in October. That's right, people who are working are making...
EVERYONE loves a bargain. But retailers know that people will sometimes turn their noses up at a cheap version of a more expensive item, even if the two are essentially the same. That suggests...
To find the best shopping deals, it's useful to know the sales plans and strategies of the retailers like Walmart, Best Buy and Circuit City. The internet and store strategies have already been put...
Turn up any stone and you will find reason to be down on the prospects for economic and market recovery. Housing is in major crisis; the subprime mess is only now beginning to unfold; inflation...