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Retail Sales Rise in Germany and France, Decline in Italy

MishTalk

Retail Sales Rise in Germany and France, Decline in Italy; Margin Squeeze in Germany and France. Its a mixed bag of retail PMI news in Europe today (assuming of course one believes that spending is good). Italy: Sharpest drop in retail sales since April. Germany: strongest sales growth for two-and-a-half years.

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Big Miss in Retail Sales vs. Expectations; Trend Change or Another

MishTalk

Big Miss in Retail Sales vs. Expectations; Trend Change or Another "Soft Patch"? Retail sales were up 0.4% May retail sales were revised lower, to +0.5% Here are some retail sales comments from Bloomberg to help put things into perspective. percent in June, the most since February 2008.

Retail 64
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Hilarious Transcripts of Fed Minutes from 2008 Reveal Completely Clueless Fed

MishTalk

Here is a list of FOMC Transcripts and Other Historical Materials, 2008 Notes I purposely cherry picked statements of various Fed governors. Amazingly, Bernanke spoke of pent-up demand for housing in January of 2008 The January 29-30 transcript was a whopping 194 pages long. percentage point to GDP growth in 2008 and 0.3

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Retail Sales Bounce as Expected; How Much Longer Can Subprime Auto Sales Lead?

MishTalk

Retail sales bounced 1.2% Auto sales were known to be strong ahead of the report, likely steering economists in the right direction. The consumer showed a lot of life in May, driving up retail sales 1.2 A leading component in the month was motor vehicle sales which jumped 2.0 Ex-auto sales are up 1.0%

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Tsunami of Retail Store Closings and Downsizings Coming; Expect Layoffs and Shorter Hours

MishTalk

Due to competition from online retailers like Amazon and dismal holiday sales at Target, J.C. Penny, Sears, Best Buy, and other major retailers, a flood of retail store closings are on the way. All things considered, expect nothing less than a massive Tsunami of Retail Store Closings and Downsizings.

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Inside a Fortune 500 Boardroom

CaseInterview.com

In contrast, my favorite boardroom belonged to a clothing retail chain in California during the Great Recession of 2008. The company had suffered a 40% drop in sales. If you know finance, especially the finance of retail businesses, that’s nearly impossible. My second thought was, "Look at all that unnecessary cost.".

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Mish's Global Economic Trend Analysis: Economic Recovery in.

MishTalk

Tax Collections, Retail Sales Prove Otherwise. Spains Retail Sales Decline 36th Month. Reuters reports Spains retail sales slump stretches to three years, hampering recovery. Calendar-adjusted retail sales fell 5.1 Tax Collections, Retail Sales Prove Otherwise. December 2008 (85).