retail

Stories on job losses on UK high streets, wage battles in Britain and bubbles in crypto and startup tech companies

How Whole Foods will become the brick and mortar extension of Amazon

Global growth has been slowing. But we have plenty of time before a recession or financial crisis hits. My worries are about financial fragility caused by high asset prices and corporate releveraging.

Walmarts plan to raise the minimum pay for some employees to $11 an hour is big news. I also think this is good news for Trump and the Republicans as well as for wage rates in the US.

From an economic perspective, the coming slowdown in production will dent GDP growth.

US auto sales have been down persistently on a year-over-year basis during the past several months. March was no different, according to figures released today.

Yesterday, Ally Financial warned that profits would underperform expectations. Now, they dd not say that profits would fall or that they were taking credit writedowns. Neverthless, the warning is an important marker and should be of grave…

Yesterday, China announced one of the most important tax reforms of the past twenty years. It is replacing a business tax on gross revenue for non-manufacturing companies with a VAT. Manufacturing companies have been subject to a VAT…

The recent data coming out of the US has been almost unrelentingly negative outside of the recent jobs reports. The Atlanta Fed GDP now report was already down to 0.7% for Q4 when poor output and retail sales data came out. I expect the…

I have mentioned 1994 as a benign comparison for the US economy of 2015 as opposed to the 1937 comparison Ray Dalio made recently. Having looked at reasonable worst case scenarios with 1997 Japan as a model, I want to look at upside…