Tags » Consumer Spending

Anyone Remember When Brits Were the Socialists?

Retail sales in the British economy expanded at 5.7% well past economists most optimistic expectations.

Unlike here in the United States however, economist in the UK seem to have a rational explanation for it: cheap gasoline and cheaper food are giving the British a break in their pocketbook. 43 more words

A Short (Position) Story on U.S. Retail

I’m not trying to be a hater.  I mean, I’m in the business of selling stuff too, so –  if I were to hate, I’d be hating on myself, which, (let’s be honest), a) doesn’t make sense and, b) would be very hard to do because I’m so awesome. 651 more words

Retail

Retail sales in Alberta down for fourth consecutive month

It appears the collapse in oil prices and downturn in the provincial economy have hit Alberta’s retail sector.

Statistics Canada reported Friday that Alberta retail sales were down in January for the fourth consecutive month, hitting their lowest level since December 2013. 304 more words

Alberta

Major Tear

By Joseph Weisenthal

In recent weeks we’ve gotten a raft of mediocre data, as the U.S. economy continues to fall short of economist expectations. One reason that people haven’t been too worried about the data is that it’s been a brutal winter in large parts of the country, and that the weather has been dragging everything down. 144 more words

USA

The American Story Is A Mystery Only to Economists, by Raúl Ilargi Meijer

From Raúl Ilargi Meijer, at automatic earth.blog:

I think I should accept that I will never in my life cease to be amazed at the capacity of the human being to spin a story to his/her own preferences, rather than take it simply for what it is.

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Other Views

More Notes On Post-Capitalism

Capitalism has innate characteristics that are leading us into worldwide plutocracy. We have already crossed the threshold where the wealthiest 1% own half of the world’s wealth. 1,272 more words

Economics

Dollar General's stellar numbers show lower-income shoppers are still hurting

Dollar stores exploded in popularity during the Great Recession as more and more Americans lived paycheck-to-paycheck, and looked for bargains wherever they could find them. Adding to their lure, fuel prices were high for years, meaning many consumers preferred to go to a small-format store like Dollar General with several times as many stores as Walmart to save on gas. 388 more words

Finance