US Stimulus & Shifts in Consumer Spending Hit Trade Deficit by Wolf Richter • Dec 30, 2020 • 220 Comments The one-way street of Globalization by Corporate America.
Flying During Christmas Travel Period? Still in Collapse Mode by Wolf Richter • Dec 28, 2020 • 147 Comments But don’t fear for airline shareholders & creditors; they get to benefit from another $15 billion via “Taxpayer Capitalism.”
THE WOLF STREET REPORT: American Debt Slaves in the Weirdest Economy Ever by Wolf Richter • Dec 27, 2020 • 196 Comments During the Financial Crisis, consumers deleveraged by walking away from their debts. And now, with 20 million people still claiming unemployment insurance?
Majestic Overshoot of Stimulus Money Ended. Faced with Second Wave, Americans Cut Back, Even on Durable Goods by Wolf Richter • Dec 23, 2020 • 187 Comments Consumers still earned more in November than in the Good Times, but a lot less than back when free Pandemic-money was massively hailing down.
Another Piece of the Puzzle of Plunging Credit Card Balances by Wolf Richter • Dec 21, 2020 • 161 Comments Consumers cut back on applying for credit cards, and the Fed is not amused.
Where Americans Splurged & Where They Cut Back in 13 Whiplash-Charts by Wolf Richter • Dec 16, 2020 • 149 Comments Stimulus Fatigue sets in. Second month of declining retail sales in a row. But online sales eked out a new record, if barely.
How Many Renters Face Eviction when the Eviction Bans End? How Much Worse is it, Compared to the Good Times? by Wolf Richter • Dec 8, 2020 • 149 Comments Rent collection data from 11.5 million rental apartments.
Consumers Finally Getting Smart? Credit Card Balances in Steepest Drop Ever by Wolf Richter • Dec 7, 2020 • 155 Comments Stimulus and huge shifts in spending, wiping out entire industries and fattening up others.
The State of American Restaurants, by City: The Catastrophe of the Second Wave by Wolf Richter • Nov 29, 2020 • 143 Comments Despite the rampant indoorification of outdoor dining.
The State of the American Consumer: Free Pandemic-Money Runs Low by Wolf Richter • Nov 25, 2020 • 172 Comments Stimulus & extra UI dried up. But 16% of “proprietors’ income” in October was PPP money & Pandemic farm aid.
