Tag: consumer spendingSort
The Japanese Nikkei 225 continues to hold above 13,000, but with the index still up 56% from its recent low in mid-October, I continue to advise you to look elsewhere. The index was down 23% after its recent correction, but it has rallied four percent since. Even so, I would avoid Japanese stocks. (Read “Why Nikkei Sell-Off May Foreshadow Things to Come.”)
All of the talk about the negative impact of the sequestration on consumer spending appears to have some validity.
Why Today’s Weak Durable Goods Numbers Foreshadow Low Confidence
Consumers appear to be holding back on buying non-essential goods, and this could impact the economic recovery.
Don’t Be Fooled by the Retail Numbers—Just Be Selective
When interest rates are as low as they are and consumers begin to hold back on their spending, you have to wonder about the prospects for the retail sector going forward.With the higher taxes on those earning over $400,000 and other tax increases as a result of the sequestration, we may be seeing some evidence of reduced spending.
America’s Auto Sector Says Thank You to Mr. Bernanke
The impact of the Federal Reserve’s low interest rates and easy monetary policy can be seen everywhere. The housing sector is seeing another boom thanks to the Federal Reserve. So is the retail sector and consumer spending, in spite of the fact that jobs growth is not at pre-recession levels. The Dow and the S&P 500 also achieved more records on Tuesday. Again, the stock market wealth and all of the 300,000 or so newly minted millionaires have the Federal Reserve to thank.
Profiting from the Global Growth of the Middle Class
While oil prices have fallen to the $85.00 level, the price of gasoline continues to be stubbornly high, and you can blame this on the greed of the big oil companies.
Despite the decline in oil prices, it still costs me over $100.00 to fill up my gas-guzzling SUV.
I recently discussed the upcoming key holiday shopping season that officially begins with the critical Black Friday on November 23 and its importance to the retail sector.
You Know Inflation’s a Problem When the Cereal Box Gives Away Gas Cards
Elections are important, maybe even the cornerstone of a democracy; but sometimes voters are just too busy to listen to everything being said by the Obama or Romney camps. Thank heaven sound bites can sum up everything we think we need to know.
Here are some recent tidbits from Capitol Hill:
The U.S. Department of Labor recently said that unemployment plummeted in September to 7.8%—the first time the rate dropped below eight percent since February 2009. (Source: “Employment Situation Summary,” Bureau of Labor Statistics, October 5, 2012.)