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Tag Archives: Retail sales

Bank Card Defaults Soar to Five Year High

Credit cards

Released today, the S&P/Experian Consumer Credit Default Indices showed the largest two-month increase in the rate at which consumers are defaulting on credit card debt since 2010. The bank card default rate increased 15 basis points to 2.99% following an increase of 23 basis points in February, the largest two month increase since April 2010. Slowing retail sales in March, lackluster ...

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Walmart drops expectations and so does everyone else

Walmart Corporate (CC)

Walmart didn’t do as well as expected, so that has caused several other retail outlets to drop their sales and earnings expectations for the upcoming quarter. The result has been at least a little nervousness on Wall Street, and a less-than-rosy view of the U.S. economic recovery. The New York Times reports: “There is a certain segment of the population ...

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U/E Rate Makeover Can’t Hide America’s Beans and Rice Economy

America’s denial of economic reality continued this week with the posting of job growth numbers that are inflated due to the removal of over 4 million out of work Americans in the baseline figures of “worker participation rates.” Please see John Ransom’s article here for some harsh truths as to just how the unemployment numbers are being manipulated today. The ...

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