retail

All eyes today are on the Federal Reserve because the Federal Open Market Committee is due to release its policy statement. There is an unusual amount of interest in what Fed Chairman Jay Powell says at the subsequent press conference…

I am in the middle of watching an entertaining interview of Mark Cuban by Larry McDonald on Real Vision right now. I haven't got to the part to which I assume the title refers:  "Mark Cuban — This Feels a Lot Like the Internet Bubble". But,…

I woke up in the middle of last night. And I checked my phone really quickly. I know I shouldn't do it. Studies say it's bad sleep hygiene. But I couldn't help myself. I was on edge about all of the market volatility and I needed to know…

Real quick here today, since I'm supposed to be on Holiday. The data out this morning in the US were extremely bullish in my view. And, as I've been saying April data would make or break the economic re-acceleration thesis, I am finally…

The Federal Reserve's about-face on rates between December and January looks a lot more rational in the context of the US economic data released today. We saw US retail sales unexpectedly fall in December, posting the worst drop in nine…

I am now stuffed with Turkey after days sitting around eating for the Thanksgiving holiday here in the US. Today is Black Friday, the biggest day of the year for retail sales. And so it makes sense to write this newsletter post today.  I…

The iconic department store, Sears, has filed for protection under Chapter 11 of the US bankruptcy code. Retail has changed a lot in recent years. And for Sears specifically, this bankruptcy has been coming for a long time. It was signalled…

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.