Our Drunken Sailors Push Back Against Rate-Cut Mania by Wolf Richter • Jan 17, 2024 • 229 Comments Armed with income increases that outran inflation by a wide margin in 2023, they continue to splurge, no matter what.
Inflationary Aspects of Spiking Corporate Profits by Major Industry: Starting All Over Again, Good Lordy! by Wolf Richter • Dec 21, 2023 • 145 Comments Inflation is like so not defeated? Jacking up prices faster than costs are rising creates stunning profits. Strong demand sees to it that companies can do it.
Our Drunken Sailors Go Splurging Online, at Auto Dealers, and Massively at Bars & Restaurants (YOLO) by Wolf Richter • Dec 14, 2023 • 133 Comments The three account for 50% of retail sales. People blowing their disposable income that outran inflation by a wide margin this year.
PE Firms & Distressed Debt Funds to Get Mall Landlord PREIT in Prepackaged Bankruptcy Filing #2 by Wolf Richter • Dec 11, 2023 • 53 Comments Now they get to deal with the brick-and-mortar meltdown.
Walmart: Consumers No Longer Willing to Pay Whatever. Prices of Goods Fall Broadly, as Inflation Shifted to Services by Wolf Richter • Nov 16, 2023 • 162 Comments Food is the exception and pricing levels “continue to be a concern”: Walmart CEO. Sky-high food prices rose further.
Surging “Mortgage Demand” and “Declining Spending,” Really? Let’s Have a Look at Reality by Wolf Richter • Nov 15, 2023 • 88 Comments Home buyers “seize a dip in rates” and rush into the housing market, LOL?
Overindebted Out-of-Cash Sleep Number Blames Consumers for Results of Years of Mismanagement. Shares Collapsed 92% from Peak Consensual Hallucination by Wolf Richter • Nov 8, 2023 • 125 Comments This is the kind of chart my pantheon of Imploded Stocks is full of, driven by what I call “consensual hallucination” that then vanished.
Our Drunken Sailors Now Guzzling Directly from Punch Bowl: Powell, You Looking? Splurging Online, at Restaurants & Auto Dealers. YOLO by Wolf Richter • Oct 17, 2023 • 148 Comments Consumers still on a buying binge at retailers, fired up by big income increases that this year outran goods-inflation by a wide margin.
Sign of Tight Labor Market, Strength of Ecommerce: Amazon to Hire 250,000 for Holidays, up from 150,000 Last Year, Boost Wages, Offer Sign-on Bonuses by Wolf Richter • Sep 20, 2023 • 48 Comments While fewer and fewer Americans head to the malls.
Our Drunken Sailors Splurged at Stores & Auto Dealers amid Lower Prices of Durable Goods, Partied at Eating & Drinking Places, and Paid an Arm and a Leg at Gas Stations by Wolf Richter • Sep 14, 2023 • 166 Comments They spent a record amount more at bars & restaurants than at food & beverage stores, which tells us something about our drunken sailors.
