China’s home prices fell in a record number of cities last month and car dealers posted inventory levels that foreshadowed deeper price cuts, adding to…
BloombergEconomy in US Grew Less Than Forecast in First QuarterBloombergThe US economy expanded less than forecast in the first quarter as a smaller contribution from inventories overshadowed the biggest gain in consumer spending in more than a year. G…
.Goldman Sachs cuts U.S. second-quarter growth estimates
On Monday July 18, 2011, 12:45 pm EDT
WASHINGTON (Reuters) – Goldman Sachs has cut its forecast for U.S. second-quarter growth to 1.5 percent from 2 percent, citing weak consumer spending.
The…
May 20, 2011
Last week we saw evidence of slowing consumption in the Advance Monthly Retail Trade Report for April from the Census Bureau (see my analysis here). This morning, I’ve updated my Consumer Metrics Institute (CMI) charts through the late…
May 9, 2011
On Thursday of this week, we’ll get the Advance Monthly Retail Trade Report for April from the Census Bureau. Shortly thereafter I’ll post my revised retail sales charts. Meanwhile, I’ve updated my Consumer Metrics Institute (CMI) chart…