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Macro: Wholesale Trade: sales and inventories

By |2023-11-10T10:45:06-05:00November 10th, 2023|Economy|

Sales of durable goods at wholesalers remains in decline versus a year ago. The drop is from professional equipment (computers and software) and minerals and metals. Non-durable has returned to growth. The growth is not broad but mostly about petroleum and to a lesser extent, drugs. Durable goods' inventories remain high while non-durable goods inventories have dipped just below the [...]

Best Buy Wasn’t Alone

By |2014-01-16T13:26:55-05:00January 16th, 2014|Economy, Markets|

The big news this morning seems to have been Best Buy’s “shocking” numbers. The narrative now is likely to get refocused, as the wagons will be circled and Best Buy’s horrid results will be blamed on idiosyncrasies. However, Best Buy was not the only retailer to report a disastrous holiday period, it’s the only one that has gained wide attention. [...]

Durable Goods – Same Story, Bad Relative Comps

By |2013-08-26T15:51:39-04:00August 26th, 2013|Markets|

Not really much different to report from the Durable Goods numbers. There is a curious near-stasis present in the trends and patterns in each of these data series. For some reason, they want to follow and match the Great Recession as if there existed an economic template or programmed auto-pilot – which would really confound policymakers since this is decidedly [...]

Retail Sales Slowing In Every Segment

By |2013-04-12T15:54:23-04:00April 12th, 2013|Markets|

This morning's retail sales figure from the Census Bureau shows a Y/Y increase (unadjusted) of only 1.79%. That is the second worst month since the recovery took hold in later 2009. The worst month was actually last month, which means the current condition in retail trade is, by far, the worst two months since the Great Recession. In fact, as [...]

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