Stimulus Fatigue sets in. Second month of declining retail sales in a row. But online sales eked out a new record, if barely.
Well, not markets. Fed-managed paper exchange.
Never a dull moment in the land of consumer stimulus and heavy trucks.
Stimulus & extra UI dried up. But 16% of “proprietors’ income” in October was PPP money & Pandemic farm aid.
Online sales jumped 37% in Q3, after 44%-Spike in Q2. Online food-and-beverage sales up 160%.
Credit-score algos got fooled by forbearance. Weirdest economy ever where no one knows what’s going on anymore.
My 13 whiplash-charts by retailer category.
After Crazy Price Spikes over the Summer, Wholesale & Retail Prices Drop, amid Lower Sales and Plenty of Supply.
Californians applying to lease single-family houses in Arizona, Nevada & Texas doubled from year ago; migration from New York & New Jersey to Florida similar: American Homes 4 Rent.
Auto loans jump after historic price spikes. Credit cards still in stimulus wonderland. Student-loan borrowers count on debt forgiveness, mmmkay.