Author: chip

Job’s Report Reversal or not?

You decide! Today’s jobs announcement as reported by the Establishment Survey (CES) suggests a stark slowdown in new hiring compared to the average trend. Conversely, the Household Survey (CPS) seems to argue a continuum of the job growth story. Unquestionably, the overall employment expansion was stymied from the Government Shutdown. Also, I suspect C-Suite decision

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20 1stdb 01 Cta Apr 01

Retail sales declined significantly in December. Is recession looming?

Retail sales fell -1.2% last month, the worst December of the economic expansion, online sales declined by -3.9%. CNBC, MarketWatch, Reuters, WSJ, NYT, and forecasters inferred and inked grim warnings about the contraction in consumer spending. I decided to take a closer look. Historically, when there’s palpable fear in the air, consumers tighten their belts.

read more Retail sales declined significantly in December. Is recession looming?