Consumers are not doing well. Why is April retail sales misleading?

Walmart’s sales jumped in the first quarter of last year, but steady transaction numbers suggest inflation led the gains. Here, Walmart in San Leandro, California, last year. David Paul Morris/Bloomberg font size The latest retail sales report dented recession fears. should not be. When data showed that April sales for US retailers rose 0.9% from … Read more

Experts say a profit stagnation is growing. Hide the money.

If there is one person who is not shocked by the colossal errors in Big Retailer Results Last week, it was our friend Stephanie Bomboy who heads up the corporate economic consultancy MacroMavens. Although she has been dealing with a (happily) mild case of Covid-19, she is still severe and stinging, as she always has … Read more