$BTC, $BTCUSD FLASH: Bitcoin (BTC) has a major problem that few are talking about due the renewed exuberance of the recent rally. That problem is that hardly anyone uses the world’s largest cryptocurrency for anything beyond speculation. Data from New York-based blockchain researcher Chainalysis Inc. show that only 1.3% of economic transactions came from merchants […]
$USD, $SPY FLASH: The Fed’s decisive statement this week that interest rates are unlikely to rise this year sends a signal to US households: keep buying things. The Fed tries to guide the US economy by controlling the interest rate banks charge one another for overnight loans. Moving this rate up lifts other rates in […]
US consumers expect to spend more money in Y 2019 than they did a year ago, data from the Federal Reserve Bank of New York revealed in a report Tuesday. Households expect larger increases in spending than they forecast the year prior on items including clothing, housing and transportation, data from the Survey of Consumer […]
Millennials to Spend Big Money on Pets This Holiday Season Millennials love their pets, and that love’s showing up on their holiday credit-card bills. The much-discussed generation of shoppers, known for their industry-disrupting tastes, will spend heavily on their pets this holiday season, more than 2X what consumers overall are expected to spend, according to a […]
US Retailers See Big Jump in Holiday Sales $DIA, $SPY, $QQQ, $RUTX, $VXX US holiday sales in Y 2018 will increase 4.3 to 4.8% boosted by a strong economy, but will be slower than a year ago when consumer spending surged to a 12-year high, according to a forecast from a leading retail industry group. […]
From the Detroit Auto Show: Toyota (NYSE:TM) to Spend $10-B in USA $TM Toyota Motor (NYSE:TM) will spend $10-B in US capital investments over the next 5 years, matching the Japanese automaker’s investments over the prior 5 years, North America CEO Jim Lentz said Monday. The automaker has come under fire from President Elect Donald […]
Another Democratic ‘Tax & Spend’ Administration = Recession $DIA, $SPY, $QQQ, $VXX Hillary Clinton got hammered from all directions Monday. Mrs. Clinton is trying come up with a new and inspiring idea to jump-start a anemic US economy and help the financially stressed middle class. The progressive/left really does not know how to and will […]
Consumer Confidence Dims on Economy $DIA, $SPY, $QQQ, $VXX Consumer confidence slid in July from the prior month on dimmer views of the US economy’s prospects and lingering concerns among higher-income earners about global market conditions. The University of Michigan said Friday that its final index of sentiment (MSI) declined to 90 this month from […]
With Legal Marijuana Users, “Bud” is More Popular than Editables With the loosening of the US Marijuana laws collegians are cheering, but it’s the older folks who are the average consumers of the newly enhanced “Bud”. Seattle-based Headset Inc., research firm in the field, reviewed about 40,000 legal Marijuana purchases made in Washington State from September 2014 to […]
Donald Trump, “The good news, Melania’s speech had major impact.” Donald Trump commented Wednesday on the Melania’s historic speach to the Republican National Convention, praising the impact for generating “more publicity than any in the history of politics.” The Monday night speech generated huge searches on Google and conversations on Facebook that is continuing. Donald Trump […]
Dark Clouds Ahead for the US Economy Friday, a grin, hang on ugly, May jobs report, in which virtually no jobs were created and the April/March reports revised downward has clouded the outlook for the fragile US economy. Last week the US Fed was poised to raise interest rates perhaps as soon as its June […]