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Monday, October 26, 2020
retail-sales-were-bad;-the-reality-is-catastrophic

Retail Sales Were Bad; The Reality Is Catastrophic

Last week's retail sales print was - just like the rest of recent economic data - dismal, with the year-over-year drop of 6.2% the largest since September 2009. Alas, it appears that the government data may have dramatically underrepresented the full severity of the recent plunge.  As a reminder, the Census Bureau takes unadjusted numbers…
report:-apple-warns-stores-it-is-running-out-of-replacement-iphones

Report: Apple Warns Stores It Is Running Out of Replacement iPhones

Tech giant Apple has warned its retail stores that supplies of replacement iPhones are running low as the coronavirus outbreak puts a strain on the company’s supply chain. Bloomberg reports that Apple has warned its retail stores that replacement iPhones are in short supply as the coronavirus outbreak puts a strain on the company’s supply…
retail-apocalypse-surges-into-2020:-no-end-in-sight

Retail Apocalypse Surges Into 2020: No End In Sight

Authored by Mac Slavo via SHTFplan.com, The retail apocalypse was particularly bad in 2019, and only days into 2020, Macy’s has announced it’ll begin closing stores, following a trend in the industry.  Macy’s will close a minimum of 28 stores, and one Bloomingdale’s as problems in retail continue. With consumer spending so high, it’s hard…
economy-cracking:-retail-sales-tank

Economy Cracking: Retail Sales Tank

Manufacturing slowdown starting to bleed into consumer side of economy We have yet another reason to be concerned about the direction of the US economy.Earlier this month, we reported that the ISM index of national factory activity for September came in under 50 for the second month in a row. This indicates that manufacturing is contracting. The…
retail-sales-shock:-bofa-card-data-shows-plunge-in-august-spending

Retail Sales Shock: BofA Card Data Shows Plunge In August Spending

With the August payrolls report widely seen as disappointing, with less than 100k private payrolls added (despite accelerate wage growth), the last data point the Fed is waiting for to cement next week's 25bps rate cut is this Friday's retail sales data (assuming tomorrow's CPI report is not a shock). Luckily for the Fed, it…
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