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Canada’s TSX having its 19th nervous breakdown
This morning we have news that wholesale prices in the US deflated .4% in April–the 5th decrease in the past 6 months and–a decline of 1.3% over the past 12 months; far short of the Fed’s stated inflation targets. Bonds … Continue reading
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Some insight on relative purchasing power
A helpful reminder of why the North American consumer is so key to global demand trends. When North American spending falls, the world economy catches the flu. Middle class is a favorite term of politicians and economists alike, but there … Continue reading
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US consumers spending less and paying down debt
This morning we learned that US consumer spending was flat in April and did not increase as the consensus had forecast. There was a modest revision that bumped March retail sales up 1.1% (had been reported at .9%)–which made March … Continue reading
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