Services account for 70% of the US economy. Here’s what’s happening to services and retail in economic powerhouse Texas.
Neither the Fed nor the Treasury can bail out brick-and-mortar retailers.
In January, consumers carried on in hunky-dory land.
I’m not worried about banks or investors in subprime-credit-card backed securities. If they take a beating, fine. But what does this bifurcation tell us about consumers?
What’s astounding many people: ecommerce growth is not leveling off, but keeps surging at blistering rates.
Despite the Fed’s proclamations, the dollar lost purchasing power at a good clip.
My “Credit-Card Spread Index” blows out. Heck if I knew what that means, but it doesn’t mean anything good.
Department of Justice charges four members of China’s PLA. “We have the capability to remove the Internet’s cloak of anonymity.” But how far will it go?
Banks are trying, but demand just isn’t there.
Consumer credit rose to 19.3% of GDP, the highest ever.