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Thread: You cannot ignore economic reality.

  1. #41

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    I didn't even know dress barn existed, and apparently it's been a household name for 50 years. Dept. stores are in the hurt except home depot and lowes. Corporate debt up & up. Nothing new, debt up everywhere, anywhere. It's good to see ford restructuring and getting out of the car business, seems they were pretty close already by the reduction numbers.
    https://www.cnbc.com/2019/05/20/busi...well-says.html

  2. #42

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    Chicago Fed national activity index falls in April, tugged lower by factory slump

    The numbers: Factories proved to be a significant drag on April economic activity, a setback reflected in the sharp pullback for the Chicago Federal Reserve’s monthly index tracking the national economy.

    The Chicago Fed’s index registered at a negative 0.45 in April, down from a positive 0.05 in March and a negative 0.31 in February.

    The volatile nature of the monthly data puts added emphasis on following the index’s less-volatile, three-month moving average. It decreased to a negative 0.32 in April from negative 0.24 in March.

    https://www.marketwatch.com/story/ch...of2&yptr=yahoo

  3. #43

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    Quote Originally Posted by everything1 View Post
    I didn't even know dress barn existed, and apparently it's been a household name for 50 years. Dept. stores are in the hurt except home depot and lowes. Corporate debt up & up. Nothing new, debt up everywhere, anywhere. It's good to see ford restructuring and getting out of the car business, seems they were pretty close already by the reduction numbers.
    https://www.cnbc.com/2019/05/20/busi...well-says.html
    I just read today, Lowes had a terrible 1st quarter
    Honor for US, Justice for Our Children! Now!

  4. #44
    Join Date
    Jan 2017
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  5. #45

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    Does this look like the consumer is strong. They give the BS that it is all moving online. If so the stores earnings would be better as they say it is cheaper to sell goods online. I guess record debt is taking its toll on the consumer.
    Credit card debt, School debt


    Dressbarn, CVS, Pier 1 and Topshop shuttering stores, pushing planned closures to 7,150

    The store closures just keep coming, from Dressbarn, CVS, Party City, Pier 1 Imports and more.

    Already, more than 7,150 store closures have been announced by U.S. retailers in 2019, according to Coresight Research. And it’s not even June. Last year, Coresight tracked 5,524 store closures, down more than 30% from an all-time record 8,139 closures announced in 2017. Meanwhile, Coresight has tracked 2,726 store opening announcements so far this year.

    https://www.cnbc.com/2019/05/28/here...d-in-2019.html



    Car Sales Forecast Slips Again as Industry Struggles to Hold Ground

    https://247wallst.com/autos/2019/05/...o-hold-ground/



    Across the US, new home sales keep falling
    https://therealdeal.com/national/201...-keep-falling/

  6. #46

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    Credit card debt hits a record high. It's time to make a payoff plan. The average American has a credit card balance of $6,375, up nearly 3 percent from last year, according to Experian's annual study on the state of credit and debt in America. Total credit card debt has reached its highest point ever, surpassing $1 trillion in 2017, according to a separate report by the Federal Reserve.

    https://www.cnbc.com/2018/01/23/cred...cord-high.html


    Student debt outstanding reaches a record $1.465 trillion
    Borrowers over age 50 debt rises by $28.8 billion in one year


    Government debt hits record $66 trillion, 80% of global GDP, Fitch says
    https://www.cnbc.com/2019/01/23/gove...itch-says.html


    Seven Million Americans Delinquent on Auto Loans Could Be a Bad Sign

    Seven million people are at least 90 days behind in their car payments, according to a report from the Federal Reserve Bank of New York.
    Longer auto-loan periods and increased average loan amounts may be another indication that people are overstretched, despite sunny reports about the economy.
    Total auto debt in the U.S. today exceeds $1 trillion, the Federal Reserve said.

  7. #47

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    Quote Originally Posted by Silver and Gold View Post
    Credit card debt hits a record high. It's time to make a payoff plan. The average American has a credit card balance of $6,375, up nearly 3 percent from last year, according to Experian's annual study on the state of credit and debt in America. Total credit card debt has reached its highest point ever, surpassing $1 trillion in 2017, according to a separate report by the Federal Reserve.

    https://www.cnbc.com/2018/01/23/cred...cord-high.html


    Student debt outstanding reaches a record $1.465 trillion
    Borrowers over age 50 debt rises by $28.8 billion in one year


    Government debt hits record $66 trillion, 80% of global GDP, Fitch says
    https://www.cnbc.com/2019/01/23/gove...itch-says.html


    Seven Million Americans Delinquent on Auto Loans Could Be a Bad Sign

    Seven million people are at least 90 days behind in their car payments, according to a report from the Federal Reserve Bank of New York.
    Longer auto-loan periods and increased average loan amounts may be another indication that people are overstretched, despite sunny reports about the economy.
    Total auto debt in the U.S. today exceeds $1 trillion, the Federal Reserve said.
    well if thats the case regarding auto loans... that means there will be more used cars available for sale cheaper for those of us that buy for cash and have fair negotiation skills with car sellers, bank repo sales, etc.

  8. #48

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    Quote Originally Posted by oak333 View Post
    Take a look at Deutsche Bank. It had an all time intraday and closing low today, under $7.00. This bank has long been written about as one of the most systemically dangerous banks.

    https://www.google.com/search?q=NYSE...w=1536&bih=750
    Metals are for Investors who take more risk with what’s Real, and less with what’s not. Author unknown

  9. #49

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    Used car prices have been falling now since last September. Some of us don't have to worry much about it because we read consumer reports, take care of our stuff, maybe quit driving so much, and can make a car last a long while.

    But as is always the case, people buy stuff, and sour on it eventually, then they want the old thing again, except for the trucks, everybody wants a truck.

    I don't think banks care that people are behind on their auto payments, interest accruing, vehicle has a tracker in it so they know exactly where it is and how to take it back anytime they want, obviously they are not disabling the vehicles with that many delinquent that would be all over the news. When they do take it back, it's kind of a win (maybe?), they can sell the car for whatever, subtract that from the loan due, then sell that to a debt collector. The riskier the borrower, the more interest they get, it's like getting paid three times for selling a car once.
    https://www.autonews.com/used-cars/h...vehicle-market

    Quote Originally Posted by maxwellsilverhammer View Post
    well if thats the case regarding auto loans... that means there will be more used cars available for sale cheaper for those of us that buy for cash and have fair negotiation skills with car sellers, bank repo sales, etc.

  10. #50

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    Manufacturing gauge hits lowest level since October 2016

    Manufacturing in the U.S. slumped to its lowest level in 2½ years amid escalating global trade tensions.

    The closely watched ISM manufacturing index fell to 52.1 for May, compared to expectations for 53, according to Refinitiv estimates. That was the lowest reading since October 2016.

    Construction spending also disappointed, with a flat reading compared to expectations for a 0.4% growth in April.

    https://www.cnbc.com/2019/06/03/ism-...vs-53-est.html

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