UMich Confidence Disappoints Despite Democrat Optimism Bounce

U.S. consumer sentiment unexpectedly dipped in October, according to the latest survey from University of Michigan. Sentiment index fell to 99 (est. 100.5) from prior month’s 100.1 Current conditions gauge decreased to 114.4 from 115.2 Expectations measure slid to 89.1 from 90.5 The small decline was due to less favorable…

Luxury Stocks Crash After LVMH Confirms China Slowdown, Customs Crackdown

The stock of luxury consumer giant LVMH, owner of Louis Vuitton, Christian Dior and Dom Perignon, crashed as much as 8.4% in Paris – its biggest drop since January 2009 – and dragged down its luxury goods peers such as Ralph Lauren, Tapestry and Michael…

UMich Sentiment Soars As Economic Optimism Hits 14 Year High

Led by a jump in both current conditions and consumer expectations, University of Michigan’s Sentiment Survey jumped from 96.2 to 100.8, handily beating expectations of a 96.6 print, and the second highest level since 2004-only behind the March 2018 reading of 101.4. A snapshot of…

US Consumer Rights Agency Under Threat

Expand © Flickr/Consumer Financial Protection Bureau Consumer rights in the US are under threat at the very regulatory agency responsible for protecting them. The Consumer Financial Protection Bureau (CFPB) has a database where consumers can get information about financial products and companies, and file complaints. But,…

Americans Are Grilling More Steaks For Labor Day In The “Greatest Economy Ever”

As consumer confidence explodes to an 18-year high, not seen since the dot-com bubble, Americans feel like they have got more money. Despite negative real wage growth for the bottom 90 percent, and consumer credit exploding higher as credit card debt hits record highs, the artificial feeling…

Americans Are The Most Confident In The Current Economic Situation Since The Peak Of The DotCom Bubble

While ‘Hope’ continues to fade (now at its lowest since Dec 2017), The Conference Board’s Consumer Confidence inched higher thanks to a surge in confidence about the Current Situation to the highest since March 2001. “Consumers’ assessment of present-day conditions improved, suggesting that economic growth…

“These Guys Are Like Diamonds” – America’s Trucker-Shortage Hits A Crisis Point

Nearly every consumer product – from food, to textiles to electronics – sold in the US at some point touches the bed of a truck. Which is why the shortage of truckers to ferry goods across the US has become such an intractable problem for…

Plunging Manhattan Rents Are Helping New Yorkers Afford Larger Apartments

Retail and consumer rents in Manhattan have been doing something unusual in recent years: They’ve been moving lower. And that’s helping renters think about reaching for that most important commodity among Manhattan’s rental community: More space. As Bloomberg reports, Manhattan rental units with three or…