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A record high 43 percent of American shoppers plan to spend less during the last quarter of the year than they did in 2009, while only 11.0 percent expect to spend more this Christmas season, according to the group's research.
Whitney really does her homework (one of the few on the Street that does) before throwing out numbers like this, so you have to think she is probably right in the ball park as to what is going to happen.
"And I don't see how you become rational hoarding gold. Even if it works, you're a jerk."
The massive, and completely unjustified, September ramp in stocks has done nothing to restore investor faith in a broken market...
Over 40% of government spending is deficit spending. That increase in deficit spending accounts for the alleged rebound in GDP. Clearly that deficit spending is unsustainable.
American households are cutting back their debt so rapidly that debt payments as a percentage of disposable income has hit about a nine-year low. Yet there's more to this national deleveraging than belt-tightening.
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Ernest Hancock
Understanding the Housing Collapse, Foreclosures and what/who is responsible. Ernest and Keith do their best to explain the the process that began decades ago using IRS tax law and off shore entities to perpetrate the biggest robbery in human history
Tonnage fell by 2.7% from July to August, according to the American Trucking Association. That's the biggest month over month fall since March 2009.
Video: The financial challenges states face could be the next systemic risk within the financial markets, according to Meredith Whitney, CEO of the Meredith Whitney Advisory Group.
"The similarities between the states and the banks are extreme to the extent that states have been spending dramatically and are leveraged dramatically," she said. "Municipal debt has doubled since 2000, spending has grown way faster...
The market is up 1/4%, but your actual purchasing power has dropped twice as much as the market has risen, and since your entire net worth is not in the market, guess what - you have in fact lost. It is not an accident.
People who invest in stocks have no access to real consumer data. Caveat: they would if they paid attention to the Consumer Metrics Institute numbers, which is precisely why I pay so much attention to them. But because nobody does this...
SAIC Motor Corp. said it may invest in the initial public offering of partner General Motors Co., cementing ties between the biggest U.S. and Chinese automakers.
Consumer confidence fell to 48.5 in September, a big drop over August's 53.5. August's numbers were a surprising improvement, rising over July's 51.
The whole world is now optimistic and positioned to take advantage of forever expansionary monetary policies by buying assets, precious metals, real estate, equities, and everybody believes that the central banks in the world will print and print...
Video
According to Bloomberg, the latest ratio of insider selling to buying was 1,411 to 1. Let us repeat: 1,411 to 1.
or the first time in my lifetime, literally in my lifetime, when coming out of a recession, posted job openings -- that means they'll hire you tomorrow morning if you can do the job ... are going up at twice the rate of job hires. ...
Good for the Martians! - According to retired Air Force officers, UFOs hampered US WMD. / How To Survive the Government Depression and Destruction of the Middle Class / Bloody Lincoln, Wilson, Roosevelt / Federal Restrictions on Our Gun Rights
#1 The United States has lost approximately 42,400 factories since 2001. About 75 percent of those factories employed over 500 people when they were still in operation.
The United States is rapidly becoming the very first "post-industrial" nation on the globe. All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers have left them, but the pace...
The list finished the week at 872 institutions with assets of $422.4 billion, up from 854 institutions with assets of $416 billion last week.
The economic imperialism that has now blown-back to the United States and Europe has been evolving for decades and can be directly traced back to the end of World War II, to the birth of the CIA, International Monetary Fund (IMF) and World Bank.
The Myth of Limited Government - US Printing Presses at Warp Speed - Repudiate the National Debt - Survival Is Also About Earning a Living - The Monetary and Banking System Is Wrecking Us - As Poverty Spreads, Crime Will Not Be Far Behind
This Nation is a Consumer Driven Economy, that is the very reason that China, Mexico and all other third world nations wish to enter our markets. When our illustrious Congress wishes to raise or to lower taxes, the Democrats wish to soak the ri
Read Letter
Our laissez-faire trade stance, when coupled with many nations’ protective trade stances and the inherent disparity of living standards around the world, is proving to be a recipe for ever-increasing trade deficits. Exacerbating the situation, GATT a
Who Are the Real Experts on Gold? - How High Will Gold Go This Fall? - What Really Sank the Titanic
Initial jobless claims for the week ending September 18th were 460,000, which was higher than the 450,000 figure expected.
Traders put their September stock rally on hold and moved into Treasurys and gold Wednesday, a day after the Federal Reserve said it was ready to take more action to boost the economy. The Dow Jones industrial average fell 21 points.
