Americans Not in the Mood for a Recession: Splurging on Goods, Flocking to Restaurants by Wolf Richter • Jul 15, 2022 • 294 Comments But inflation is eating everyone’s lunch.
Consumer Spending Shifting Back to Services from Stimulus-Binge on Goods. Inflation Eats into Incomes by Wolf Richter • Jun 30, 2022 • 121 Comments Some demand destruction due to high prices, particularly gasoline. Shortage of new vehicles not helpful for spending on durable goods.
Retail Sales Report, May: In Foulest Mood Ever, Consumers Still Spent Hugely at Retailers, Fighting Inflation where they Can by Wolf Richter • Jun 15, 2022 • 130 Comments Spent $20 billion more at gas stations, from a year ago, due to spiking prices; came out of hide of other retailers. Inflation eats everyone’s lunch.
What’s Really Going on with Revolving Consumer Credit? by Wolf Richter • Jun 7, 2022 • 180 Comments Beyond some of the iffy stuff in the headlines today.
Powered by (Formerly) Huge Gains from Real Estate, Stocks, Cryptos, as “Real” Incomes Lag? “Real” Consumer Spending Rises, Spending on Services Jumps by Wolf Richter • May 27, 2022 • 129 Comments You can see why some retailer stocks are not liking the shift from goods back to services.
Americans Are in a Sour Mood, But it Didn’t Dampen their Spending: Splurging at Retailers, Especially Some Retailers by Wolf Richter • May 17, 2022 • 191 Comments Retail Therapy at Bars & Restaurants, Cannabis Stores, and Ecommerce? Other retailers not so lucky.
That Q1 GDP Drop Was a Freak Event that’ll Get Unwound in Q2 by Wolf Richter • May 15, 2022 • 172 Comments In details and charts.
Consumers Can Handle Fed Tightening: Their Debts, Delinquencies, Foreclosures, Collections, and Bankruptcies by Wolf Richter • May 10, 2022 • 259 Comments But the first upticks in delinquencies from breath-taking record lows are cropping up.
State of the American Debt Slaves: Borrowing More to Buy Less due to Raging Inflation by Wolf Richter • May 6, 2022 • 132 Comments Credit card balances up 3.0% from 2019, CPI inflation up 13%, LOL. Auto sales plunged, but auto loans jumped. You guessed it, ridiculous price increases.
Consumer Spending Shifts from Goods to Services, Inflation Crushes Incomes, But “Real” Spending Hits Record by Wolf Richter • Apr 29, 2022 • 84 Comments There is still a huge amount of money floating around out there.
