consumer spending

Consumer Confidence Plunges in July as U.S. Economy Heads Wrong Way

By Monday, August 3, 2015

Consumer ConfidenceIn the month of July, the Conference Board’s Consumer Confidence Index declined nine percent from May. The index stood at 99.9 in June and plunged to 90.9 in July—the lowest level since September of 2014!A sub-index of this confidence index, called the Expectation Index, which measures how U.S. consumers feel they will do going forward, saw a massive decline to 79.9 in July from 92.8 in June—14% month-over-month.These. Read More

U.S. Inventory Stockpile Up to Size of Canada

By Friday, July 17, 2015

U.S. Consumer SpendingIn June, retail and food service sales in the U.S. economy declined 0.3% from May. When calculating these sales figures, the Census Bureau looks at 13 different kinds of businesses. In June, seven of those business types reported an outright decline in sales. (Source: U.S. Census Bureau, July 14,2015.) In particular, American consumers are pulling back on their spending of discretionary staple items such as furniture and clothing, building material,. Read More

S&P 500: Stocks Open flat on Greece, China

By Friday, June 26, 2015

Stocks Open Flat on Greece and ChinaThe S&P 500 is set to be flat on Friday, June 26th, as investors are keeping an eye on a deal to avert a Greek default on a proposal from its creditors and China’s stock market continues to sell off.Although there was some encouraging news earlier this week about the Greece deal with its creditors, the differences between sides stretched the negotiations into the weekend. European Union leaders made. Read More

S&P 500: Stocks Open Higher on Greek Economic Data

By Thursday, June 25, 2015

Stocks on S&P 500 Open HigherThe S&P 500 is opening the trading session higher on Thursday, June 25, as investors are optimistic for a deal to avert a Greek default on a proposal from its creditors.The differences between Greece’s proposal and that of its creditors are not big enough to justify failing to reach an agreement, a senior Greek government official said. Greek officials said that if talks fell apart, the country does not. Read More

Visa’s Spending Monitor: Retail Spending Increased

By Monday, May 11, 2015

VisaVisa Inc. (NYSE/V), the credit card company, recently published its Retail Spending Monitor report, which keeps track of consumer spending in the U.S. The report shows that, excluding autos and gas, retail sales went up by 4.5% in April 2015.Big Increase in Consumer Discretionary SpendingThings look quite good as far as Visa is concerned. Wayne Best, the company’s chief economist, stated, “Across the country, we’re seeing consumers continue. Read More

Why the Housing Market Points to Very Weak 2015 Economy

By Monday, November 3, 2014

Housing Market Points to Very Weak 2015 EconomyThe chart below shows us that between April and August of this year, home prices in the U.S. declined. The S&P Case-Shiller Home Price Index is only released 60 days after each month’s end, so while data for September and October are not yet available, based on what I’m about to tell you, five years after the Great Recession, the U.S. housing market is on shaky ground again.According to. Read More

Why Wal-Mart’s Sales Downgrade Should Worry Investors

By Friday, October 24, 2014

Why Wal-Mart's Sales DowngradeOn November 30, Switzerland’s citizens will cast a very critical vote.Through a referendum, they will vote for or against the Swiss National Bank increasing its gold bullion reserves to 20%, the central bank halting the selling of gold, and the storing of gold bullion in the country. (Source: Kitco News, September 30, 2014.)If the results are in favor of the referendum, it will mean Switzerland’s central bank will. Read More

Feel Like You Are Missing Out?

By Wednesday, August 27, 2014

Stock Market Correction Very HighIf you follow the financial news, it feels like the stock market is moving higher and higher…a situation in which investors often feel they are missing out.But the reality of the situation is very different. So far this year, almost eight full months in, the Dow Jones Industrial Average is up only three percent.Would you buy stocks with the Dow Jones trading at 17,100, near a record-high price-to-earnings. Read More

Two Important Economic Signals to Share with My Readers This Morning

By Monday, August 25, 2014

U.S. Consumer Confidence CollapsingA good gauge for me on how consumers in the U.S. economy are faring has always been the statistics coming out of Wal-Mart.Wal-Mart Stores Inc. (NYSE/WMT) reported its operating income in its second quarter (ended July 31, 2014) declined by 2.4%. Its subsidiary, Sam’s Club (wholesale store), saw its operating income, after taking out fuel, decline by 10.2%. (Source: Wal-Mart Stores Inc., August 14, 2014.)For its entire 2015. Read More

Why China Catches My Eye as a Top Opportunity Right Now

By Friday, July 18, 2014

My Top Three Foreign Investment OpportunitiesA few years ago, investors couldn’t get enough of Chinese stocks. This led to numerous frauds committed by crooks in China that has since tarnished the reputation and reliability of all Chinese companies, whether they’re legitimate or not, despite their operating in one of the top growth areas in the world.While I’m not focused on Chinese stocks at this moment due to better trading opportunities in the domestic stock. Read More

Investors: This Could Send Gold Prices Soaring in 2015
By Michael Lombardi

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From: Michael Lombardi, MBA
Subject: Gold: The Stock Contrarian Investors’ Best Play of the Decade

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