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On a year-over-year basis, both incomes and spending re-accelerated but it was incomes that outperformed - up 4.9% YoY, the highest since Dec 2018...

In 2019, 9,302 stores were reported to have been shut down or were going to be shut down, which is a 59 percent increase over 2018...

...inflation is not a problem... unless you’re poor.

“America is facing a housing shortage and affordability challenges,”

The government keeps telling us that the labor market is strong and unemployment is low. Yet, as SHTFplan.com's Mac Slavo notes, regardless, borrowers are increasingly being rejected for vehicle loans while consumer debt continues to rise.

Beverly Hills' Millennials were far ahead of the competition in terms of credit card debt...

The 10.8% decline in enrollment since 2011 comes even as student loan balances have surged 74% over the same period, from $940 billion to $1.64 trillion...

The Church of Jesus Christ of Latter-day Saints is one of the most economically successful religious organizations in the United States. It now turns out it may have been even more successful than anyone imagined...

"It would have been even better if you had also mentioned how friendly and competent the team looked after you in your seat in First Class..."

A disturbing fact about the three worst funded state pensions is that they have been receiving more money, yet are more underfunded...

The aftershocks of art dealer Inigo Philbrick's mysterious disappearance are starting to surface...

Former CEO Eric Gilmore has been accused by the company's Board of expensing $76,120 at strip clubs over the course of a 3 year span...
 

Could debt cancellation really create economic stimulus without causing a massive moral hazard?

There is no doubt that a wave of automation is about to be unleashed on economies worldwide...
 

Performance-based bonuses are becoming a thing of the past...

...about 20 US cities, led by San Francisco, Seattle, San Jose, Boston and San Diego are sucking up the "innovation" jobs...

And there's another problem: a generation of sewers and upholsterers have simply avoided the industry, leaving it reliant on an aging workforce...

This is a result of bubble-blowing tactics ongoing for decades. Escalation took off when Nixon closed the Gold Window in 1971...

...so much for the string US consumer...

China, Asia ex-China, North America, Europe, Latin America and Africa/Middle East all in steep downtrends...