Already have an account? log in
This article is FREE for you
Create a free account and join institutional investors, analysts and strategists from the world's largest banks
By submitting your email address you agree to receive communication by email
American Consumers Slam On The Brakes
The US consumer's stumbling. Or at least that was the message from the Commerce Department on Tuesda
OR, subscribe now for unlimited access
By submitting your email address you agree to receive communication by email
By submitting your email address you agree to receive communication by email
Weather will be a headwind on January consumer spending, although investors should adjust it out.
I’d hate to be the guy who leads the Commerce department. His boss might be forgiving when it comes to socializing with untoward financiers, but not so much when it comes to publishing data that makes Dear Leader look bad.
Ironically as ever, the alcohol sector is showing signs of life for the first time in over 3 years, starting in Jan. Wholesale and producers will still face a tough year, but I’m betting many retailers are thinner than ever on inventory (I certainly am), that backlog affecting them may get cleared faster than many think.
And it’s not lost on me how this article lines up with the one about elevated consumer debt levels. The well is running dry, there.