A tale of two retail industries. In the one, the well-known chip problem holding back what is already a monstrously robust (if artificial) sales environment. Automobile dealer lots are nearing empty and carmakers are unable (perhaps unwilling, too?) to produce near sufficient volumes to keep up let alone restock.This view of the situation, though, has clouded perspectives particularly as they [...]
Janet Yellen’s testimony concluded, no one gets any more clarity about what the FOMC actually thinks. However, that itself is in one sense an indication as she vacillated a little too much about making a firm commitment to either the recovery or “transitory” oil prices. QE3 ended months ago and we are seven years into this thing already, but there [...]
There is undoubtedly a high degree of resistance to the idea that the economy is slowing, or, much worse, has already slowed considerably. For the most part, counter explanations (more narratives than evidence) revolve around the silly to absurd – snow, cold, government shutdown, etc. Office retailer Staples’ latest announcement of a sales disaster, however, actually creates a worthwhile discussion [...]
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