consumer spending

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  • (NY Times) The Federal Reserve Signals That a Full Recovery Is Years Away


    TitusOneNineAuthority Authority: 436
    The Federal Reserve said on Wednesday that it was likely to raise interest rates at the end of 2014, but not until then, adding another 18 months to the expected duration of its most basic and longest-running response to the financial crisis. The announcement means that the Fed does not expect the economy to complete ...
    3 days ago
  • (LA Times) Germany has the economic strengths America once boasted


    TitusOneNineAuthority Authority: 436
    Every summer, Volkmar and Vera Kruger spend three weeks vacationing in the south of France or at a cool getaway in Denmark. For the other three weeks of their annual vacation, they garden or travel a few hours away to root for their favorite team in Germanys biggest soccer stadium. The couple, in their early 50s, ...
    5 days ago
  • David Leonhardt—Why Americans Think the Tax Rate Is High, and Why They’re Wrong


    TitusOneNineAuthority Authority: 436
    When people heard that Mitt Romney’s federal income tax rate was about 15 percent, the immediate reaction of many was to assume that their own rate was higher. The top marginal rate is 35 percent, after all, and the marginal rate on a couple with $70,000 in taxable income is 25 percent. The truth is that most ...
    1 week ago
  • UK retail sales up for December as shoppers shrug off economic fears


    The Guardian - guardian.co.ukAuthority Authority: 962
    Economists say heavy pre-Christmas discounting will have hit profit margins despite figures showing higher retail sales volumes Britains indefatigable shoppers shrugged off fears of an economic downturn to take advantage of widespread discounting in the run-up to Christmas. Retail sales volumes increased by 0.6% ...
    1 week ago
  • Declining Unemployment Rate Spells Opportunity for Consumers in 2012


    Get Credit CardsAuthority Authority: 128
    According to the US Bureau of Labor and Statistic’s most recent “Employment Situation” report released in December 2011, unemployment rates recently hit their lowest point in two years, which Credit Card City predicts will have major implications for consumer spending in 2012. (PRWeb January 18, 2012) Read the ...
    1 week ago
  • U.S. unemployment claims fall to lowest since 2008


    Exhibit A BaltimoreAuthority Authority: 137
    WASHINGTON — The number of people seeking unemployment benefits plummeted last week to 352,000, the fewest since April 2008. The decline added to evidence that the job market is strengthening.Applications fell 50,000, the biggest drop in the seasonally adjusted figure in more than six years, the Labor Department ...
    1 week ago
  • Are People Really As Confident As The Polls Show?


    Authority Authority:
    Despite recent polls that show confidence is at a seven-month high, I get the feeling that many Americans are actually worried about their future. When I say most Americans I am talking about solid middle-class folks who are earning median or above-median incomes. Despite the reports of confidence, people are still ...
    1 week ago
  • Ratings Agencies Make it Tough on European Leaders


    The Daily ReckoningAuthority Authority: 572
    The European leaders were battling a pretty major storm that the ratings agencies helped create late last week when S&P cut the ratings on 9 euro-region countries. The most dramatic move was the loss of France’s AAA rating, leaving Germany as the sole AAA rated country in the currency union. Austria also lost ...
    1 week ago
  • Ratings Agencies Make it Tough on European Leaders


    Stock Market News & Stocks to Watch from StraightStocksAuthority Authority: 150
    The European leaders were battling a pretty major storm that the ratings agencies helped create late last week when S&P cut the ratings on 9 euro-region countries. The most dramatic move was the loss of France’s AAA rating, leaving Germany as the sole AAA rated country in the currency union. Austria also lost ...
    1 week ago
  • ECB Mulls Further Cuts as Inflation Abates


    Wall St. Cheat SheetAuthority Authority: 602
    Inflationary pressures are abating in the euro zone, where consumer prices fell more than expected in December, leaving the door open for the European Central Bank to cut interest rates . Hot Feature: Global Factors Boost Gold and Silver Demand Inflation in the 17-nation euro zone was 2.7 percent in December on ...
    1 week ago
  • Price war to trigger inflation drop


    Daily Finance UKAuthority Authority: 137
    Filed under: Shopping & Deals An aggressive supermarket price war and a raft of high street promotions are expected to trigger a sharp fall in Decembers inflation figure. The Office for National Statistics (ONS) is expected to reveal that the consumer prices index (CPI) rate of inflation fell to 4.2% ...
    1 week ago
  • SMALLER RETAIL SALES INCREASE PROJECTED FOR 2012


    DAILY NEWS - GNEWSTODAY.INFOAuthority Authority: 435
    Charles Rex Arbogast / AP In this Dec. 13, 2011 jot down photo, Brad Cheskes of Chicago, shops during a Macy’s upon State Street store in Chicago. Retail sales hardly rose in December, though a benefit was sufficient to pull sales to a jot down turn for 2011. It was a largest annual enlarge in [...] SMALLER RETAIL ...
    1 week ago
  • Who’s Buying and How?


    Authority Authority:
    Researchers have always explained women’s love of shopping as the hunter versus gatherer instinct. Men would bring home the kill and women would forage for grains and berries. Since these primitive times the world has changed and technology has been …
    1 week ago
  • (NY Times Magazine) Adam Davidson—What Does Wall Street Do for You?


    TitusOneNineAuthority Authority: 436
    Hating Wall Street is an American tradition that dates back even to the days when Thomas Jefferson cursed that money lover Alexander Hamilton. And for centuries, the complaints about it have largely stayed the same: It does nothing! It creates chaos! It’s a parasite that sucks hardworking Americans dry! (Or ...
    1 week ago
  • Canada’s Looming Household Debt Crisis


    Managing God's Money WeblogAuthority Authority: 89
    In Canada today, we have an impending personal debt crisis. Our heads are in the sand as we congratulate us for the great job we are doing managing our economy! “What are you saying? Everybody knows Canada’s economy is performing among the best in world? Right?” Wrong; the numbers tell a different story! ...
    2 weeks ago
  • Money Printing: The Ugly Truth Behind the “Good News”


    The Daily ReckoningAuthority Authority: 572
    Yesterday’s trading revealed nothing of importance. Small moves in stocks and gold. And oil dipped below $100. But the news has been generally “good” ever since the European Central Bank made it clear that it will print money rather than see major banks or minor nations get what is coming to them. Like its US ...
    2 weeks ago
  • Money Printing: The Ugly Truth Behind the “Good News”


    Stock Market News & Stocks to Watch from StraightStocksAuthority Authority: 150
    Yesterday’s trading revealed nothing of importance. Small moves in stocks and gold. And oil dipped below $100. But the news has been generally “good” ever since the European Central Bank made it clear that it will print money rather than see major banks or minor nations get what is coming to them. Like its US ...
    2 weeks ago
  • One look at the Christmas figures proves were not all in it together


    The Guardian - guardian.co.ukAuthority Authority: 962
    Upmarket retailers such as John Lewis struck gold in December, and so did the likes of Lidl, but Argos took a battering If there has been one message from the high street over Christmas it is that we are not all in it together. While John Lewis were heaving with well-heeled middle Englanders, and trollies at Majestic ...
    2 weeks ago
  • Consumers are More Confident – Is That a Good Thing?


    Credit.com News and AdviceAuthority Authority: 494
    Is it me, or is the economic news sounding a lot better lately ? Unemployment has dropped to 8.5%, certainly not a good number but a significant improvement compared to prior months. Better still, Christmas retail sales were surprisingly robust, and after-Christmas retail sales were up 5.3% versus the same week in ...
    2 weeks ago
  • Mediocre December Retail & the Slowing Economy


    The Big PictureAuthority Authority: 684
    “A lot of the euphoria around the holiday shopping season was misplaced. The weakness in December implies that the handoff into the first quarter was weak. The savings rate is going higher and that’s going to be a headwind for consumer spending.” -Neil Dutta, Bank of America economist, who was one of the few ...
    2 weeks ago

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