Retail sales came in 0.9 last month, wall street "forecasted" 0.3 this month, the number came in more than double that. Very obvious what was going to happen.
The use of Credit has driven Consumer Debt to half of Government debt. $17 trillion dollars is difficult to pay off, when Wage increase is 1%, while inflation is more than twice that amount. But they keep finding positive indicators in the trash.
Actually crazy that unemployment number, gdp and retail sales still increasing almost every time despite the high rates. Who could have guessed that the economy is still outperforming under these circumstances
That’s a another nail in the rate cut bets. Inflation is going to jump again. Get ready for a rate increase. That’s what needs to happen. Election year be damned!
It appears that inflation is sticky, but people are buying gas, cars and living life, therefore, spending money. Now you might not like to hear this, because it may not apply to you directly, but it is what it is.
@@lembafranck3490 , No. It is great that people are working and able to spend money. This earnings season from the retail and non-discretionary will be good.
EV sales Spike in April from deep discounts. FSRN charging Up 16 % week.. Fisker. Recent 8- K filings, new Dealership opening today. Joby ..QS...Frey .. Polestar.... XOS Trucks, more.
Inflation is inflating numbers. Things cost a lot more so that’s reflected in the numbers.
Are sure sure these arent inflation adjusted? Like gdp numbers these data is almost always inflation adjusted
@@Felix-op1rw Unlike GDP, retail sales is not inflation-adjusted.
@@FireEverLiving ok thankyou didnt know that. Personally i think it would be better to compare it.
Nevertheless still inflation adjusted positive
Retail sales came in 0.9 last month, wall street "forecasted" 0.3 this month, the number came in more than double that. Very obvious what was going to happen.
The use of Credit has driven Consumer Debt to half of Government debt.
$17 trillion dollars is difficult to pay off,
when Wage increase is 1%,
while inflation is more than twice that amount.
But they keep finding positive indicators
in the trash.
The driver is simple PPI was up, CPI was hot as pancakes
Actually crazy that unemployment number, gdp and retail sales still increasing almost every time despite the high rates. Who could have guessed that the economy is still outperforming under these circumstances
That’s a another nail in the rate cut bets. Inflation is going to jump again. Get ready for a rate increase. That’s what needs to happen. Election year be damned!
Fed will cut rates this year because Wall Street wants its free money. And Powell is Wall Street's errand boy.
That's an outdated data 😂 this month it's all going down
The success of socialism is going to make Kernen cry. Bidenomics is the way.
It appears that inflation is sticky, but people are buying gas, cars and living life, therefore, spending money. Now you might not like to hear this, because it may not apply to you directly, but it is what it is.
'People' don't matter. The only thing that matters is that the rich get richer. Turbo-charge those corporate profits!
@@illegalsmirf , YEAH for corporate greed!
Retail sales up 0.07%...INFLATION is 3.4% for March. What's wrong with that picture???
No idea, I am not an economist or play one on CZcams.
@@erichvonmolder9310 That's a good idea. 👍
people doe s nt care about inflation they keep consuming the economy is in great shape so ? are you desapointed ?
@@lembafranck3490 I love America I hope the best for you and your family. God bless you and your family 🙏🙏🙏🙏
@@lembafranck3490 , No. It is great that people are working and able to spend money.
This earnings season from the retail and non-discretionary will be good.
EV sales Spike in April from deep discounts. FSRN charging Up 16 % week.. Fisker. Recent 8- K filings, new Dealership opening today. Joby ..QS...Frey .. Polestar.... XOS Trucks, more.
All in on FSRN 🎉😂
No need for any rate cuts in 2024.
Hail The American Consumer! ... 💪 ... The 🐻s likely will decry upcoming credit-card delinquencies, nearing all-time-highs ... or not?
Thank God for the American consumer and the jobs they still have.
Success! Less for More.
Credit Bubble:
Buying on Credit
Because of Inflation
YOLO spending is still unwinding plus tax returns. Need I say more?
This Lieshman guy always puts on his glasses as soon as the camera hits him to act like he’s so deep in thought analyzing the data. Fraud