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.Clorox sales ...
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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.Clorox sales ...
Post 340: The Reckoning Begins: Capital Misallocation Comes Home To Roost
Paulitical Economy™
47 minutes
1 week ago
Post 340: The Reckoning Begins: Capital Misallocation Comes Home To Roost
All of a sudden a lot more companies are announcing layoffs.Things have significantly changed from when companies used to hoard employees just in case.A look back at Porsche.And sales are falling as their customers are feeling poorish.US inflation ticks up to its highest level in eight months with core inflation remaining well above the Fed’s 2% target.Which itself is a joke.Core inflation measures in Canada remain elevated.One of the biggest increases is in property taxes.As new development ...
Paulitical Economy™
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.Clorox sales ...
