- Manufacturing in the US has been contracting for most of the last three years.
- Chipotle has a younger customer base that is struggling economically and thus eating at home more often.
- Its share price is down 47% this year.
- Starbucks comparable sales finally turn positive – just.
- Introducing the PM Loser Index.
- McDonald’s sales tick down a bit but still in positive territory.
- Traffic from low-income consumers was down almost 10%.
- Inflation pressuring margins but profitability still rose.
- Traffic from low-income consumers was down almost 10%.
- Clorox sales are down.
- And consumers across all income groups are trading down to lower cost/better value items.
- Diamonds are a man’s best friend?
- Kimberly-Clark sales ticks down but still in positive territory – just.
- And they announce the acquisition of Kenvue (the consumer health company that Johnson & Johnson spun-off).
- My thoughts on why they bought it.
- And they announce the acquisition of Kenvue (the consumer health company that Johnson & Johnson spun-off).
- Tyson Food’s beef division is steadily increasing beef prices, but continues to lose a considerable amount of money.
- Consumers seem to be switching from beef to chicken.
- And a look back.
- In Financial Ructions:
- We look at a WSJ article from February of 2008 by the late Martin Feldstein.
- And how he saw well before others that the US was in recession.
- And why the downturn would be more severe and last longer than previous recessions.
- And how he saw well before others that the US was in recession.
- And some similarities to today’s situation.
- We look at a WSJ article from February of 2008 by the late Martin Feldstein.
- Book Review
- We continue Chapter 10 of Where Keynes Went Wrong by Hunter Lewis.
- We find that Keynes believes that interest rates should be driven to near zero and kept there.
- HL and I explain why this is really bad for the economy.
- We find that Keynes believes that interest rates should be driven to near zero and kept there.
- We continue Chapter 10 of Where Keynes Went Wrong by Hunter Lewis.
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