The size of new homes in the US is shrinking. Luxury furniture sales are still falling. More evidence that the sales of consumer products companies are slowing. Tesla car deliveries are falling. Meanwhile, Ford’s electric vehicle sales are soaring. New car inventories in the US look to be back to normal. More evidence that consumers are cutting back on discretionary and big-ticket items so that they can still afford to buy essentials. Small businesses in the US employ almost half of the total workers. Inflation in Europe is ticking down. And so are house prices…

A bit of fun with names. Traffic to fast food restaurants is falling. A fair bit of stuff on the potential retirement crisis heading our way. And how a court ruling over 30 years ago may have contributed to it. The US national savings rate (personal, corporate, government, foreigners) has been declining since the 1970s. It’s now negative. That’s a really bad thing for productivity growth. Guess who the main culprit is. In Financial Ructions: The US stock market is overvalued. Revisiting GDP vs. GDI. The Fed’s preferred inflation measure ticked up in February…

While uber luxury products still sell well, your run-of-the-mill luxury goods are experiencing a tougher environment. Gucci sales are falling. Home price increases in the US during COVID were the highest since the 1980s. Walgreens: A short history. And more evidence that US consumer budgets are increasingly stretched. Former TV host Bob Barker’s home is for sale. And yes, the price is right. More layoffs amid “cautious” customers. This time in the telecom industry. Arrivescam: Having a quick look at the Auditor General Report…

Boeing: issues may be related to a short-term profit and compensation focus. Ferrari: a short history. And sales seem to be slowing. A quick look at bourbon maker Brown Forman. Lululemon’s sales are still growing well but may be slowing. More evidence that even dollar stores are being impacted by the slowing economy. New lending limits for houses are coming to Canada next year. Inflation falling slightly in Canada. A former Canadian finance minister recommends that the government should spend more…

A bit about diamonds and De Beers. More data pointing to the housing crisis in Canada. In the US they’re merely unaffordable. Fast Food sales are still growing. Despite politicians and academics telling us all how great the economy is, people in the US, the UK and Canada are not as happy as they were pre-COVID. Spoiler alert. The economy’s not that great. US office vacancies are still rising. Unilever is spinning off its ice cream business. And letting go over 7,000 people…

US consumers are still paying more money to buy less stuff. Credit card balances in the US are hitting new highs. People love shopping at Costco. And for good reason. Disney price hikes are starting to hurt sales. Bad weather has resulted in a tripling of the price of cocoa beans over the last year. Not good for chocolate lovers. One commenter believes that higher rates are a good thing because they’re a result of a healthy economy. I beg to differ…

The US government is worried about TikTok. On the burger front: Sales growth at Wendy’s is slowing. McDonald’s is noticing more of their customers eating at home. More evidence that inflation in the US will not go gentle into that good night. Apparel sales at Adidas were sharply negative. An opinion piece discusses how to fix Canada’s housing affordability crisis. An investment of $10,000 in the stock of Dollar Tree 29 years ago would be worth just over $1 million today…

Wendy’s thought about increasing prices during busy times. They backed off. At the Oscars, even the losers go home with nice prizes. More bad news for Boeing. The 30-year fixed rate mortgage in the US has been above 6% since September 2022. Airline baggage fees are going up. US inflation is proving resistant to higher interest rates. And a solution for dealing with governments’ ballooning debt. Spoiler alert: it will come out of your pocket…

Victoria’s Secret recorded their eighth consecutive decline in quarterly comparable sales. Foot Locker: Performance is improving. Target: Sales are still falling. Launching free same-day delivery with a membership. China exports turning a corner? Job growth in the US depends on the source: The establishment survey shows strong job gains. The household survey shows strong job losses. In Canada, population growth continues to outpace job growth…

Top grossing movies so far this year. As well as a quick look back at 1977. Boeing is required to halt all production expansion of their 737 MAX. Food prices in the US are up 25% since 2019. Used car prices are down 21% from peak. Debt in the US is exploding higher. Sales at Canadian merchandise retailer Canadian Tire are accelerating downwards. Like many retailers, their essential products are outperforming discretionary ones…

A shorter post today as I’m on vacation in Costa Rica. Some company descriptions with a bit of history. With food prices rising people appear to be cutting back on food consumption. This can’t be good for Ozempic. One of the largest advertising companies in the world is seeing sales decline in the US. Discount airline Lynx Air is bankrupt and will not be offering refunds. Prices are still rising in Canada, but not as much as they were…

American shoppers are spending less. But booze sales are still strong. All of a sudden, recessions are all the rage. Home Depot sales continue to fall. Walmart sales continue to rise. Inflation in the US is proving stubborn. Global semiconductor sales continue to grow from their low last February. The productive capacity of the Canadian economy is being destroyed by high levels of taxation and an exploding number of government employees…

High-end sports car manufacturer Aston Martin is selling a lot of cars, but they keep losing money. Coca-Cola is still increasing prices at a rapid pace, but so far they continue to grow volume. On an adjusted basis, the Taylor Swift Super Bowl was not the most-watched on TV. US inflation is proving stubborn, and some feel it bottomed-out at 3.0% last June. Cocoa prices are soaring due to weather issues…

More layoffs in the Finance industry. Semiconductor sales are still falling. The head of the Bank of Canada doesn’t believe that interest rates impact demand for housing. Needless to say, I disagree. High-end luxury sales are still very strong. Starbucks is still increasing prices. An opinion piece in the Globe and Mail says that Canadian house prices need to fall at least 40% nationally before they would be considered affordable…