Consumer debt above Great Recession levels is a headwind to spending and the economy

Consumer debt above Great Recession levels is a headwind to spending and the economy

We’ve seen the reports of rising consumer debt, and a new one confirms one aspect of our Cash-strapped Consumer investing theme —  “wage growth has been stagnant for five years for a large segment of the working populace — and that using cards is the result of the simple fact that people have to use […]

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July Retail Sales Contradict Retailers

July Retail Sales Contradict Retailers

Tuesday’s Retail Sales report from the Census Bureau for July surprised to the upside, with stronger than expected motor vehicles and parts sales which were in sharp contrast with the weak sales reported by the auto manufacturers themselves. The report also showed an increase in sporting good sales, which is also in contrast to what […]

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Auto Loans and Household Income – Time for a Reality Check!

Auto Loans and Household Income – Time for a Reality Check!

In general, I tend to be a very positive person. I’m decidedly in the glass-is-half-full camp and even though no one would accuse of me being a morning person, I love watching the sunrise, large cup of joe in hand of course, with a smile on my face as I contemplate what mischief I may […]

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Consumers Spend More in December, But Ouch Those Revolving Debt Levels Sure Could Hurt

Consumers Spend More in December, But Ouch Those Revolving Debt Levels Sure Could Hurt

This morning the US Bureau of Economic Analysis published its take on Personal Income & Spending for December. We’re rather fond of this monthly report given the data contained within and the implications for several of our investment themes, including Cash-strapped Consumers as well as Affordable Luxury and the Rise & Fall of the Middle […]

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