You are here

Business

Satellite Imagery Reveals Sharp Retail Spending Slowdown After The Election

Satellite Imagery Reveals Sharp Retail Spending Slowdown After The Election

According to various anecdotal reports, in addition to launching the stock markets on an unprecedented meltup, Trump's presidential victory has also boosted consumer confidence, leading to a spike in post-election spending.

That, however, is not only not validated by the actual data, but according to evidence, retail spending - a key component of the Trump "hope" trade - has actually slowed down.

Cash Is No Longer King: The Phasing Out Of Physical Money Has Begun

Submitted by Shaun Bradley via TheAntiMedia.org,

As physical currency around the world is increasingly phased out, the era where “cash is king” seems to be coming to an end. Countries like India and South Korea have chosen to limit access to physical money by law, and others are beginning to test digital blockchains for their central banks.

Trumphoria

As momentum feeds on itself, it appears Trumphoria is in full swing...

Donald Trump’s election has fueled one of the broadest rallies in history as the number of stocks making new highs on the New York Stock Exchange climbed to the highest on a closing basis since May 2013.

 

Never mind that valuations are at 1929 peak levels...

 

"probably nothing"

Pages