by Japan Exports Fall for 8th Month Exports from Japan dropped 1.6 percent from a year earlier to JPY 6.64 trillion in July 2019, the eighth straight month of decrease and compared to market expectations of 2.2 percent fall, amid weakening global demand and the US-China trade dispute. An Economic Warning Sign: RV Sales Are Slipping Elkhart, Ind., is flashing a warning sign that a recession could be just ahead. Capital of the country’s recreational-vehicle industry, the northern Indiana city and the surrounding area are watched by economists and investors for early indications of waning consumer demand for luxury items, often the first sign of economic anxiety. Shipments of recreational vehicles to dealers have fallen about 20% so far this year, after a 4.1% drop last
Topics:
WARREN MOSLER considers the following as important: Economic Releases
This could be interesting, too:
WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages
WARREN MOSLER writes New manufacturers orders, vehicle sales, unemployment claims, rents, oil prices
WARREN MOSLER writes Saudi price hike, private payrolls, new hires, corporate profits
WARREN MOSLER writes Pending home sales, Durable goods orders, oil rigs and production
Japan Exports Fall for 8th Month
Exports from Japan dropped 1.6 percent from a year earlier to JPY 6.64 trillion in July 2019, the eighth straight month of decrease and compared to market expectations of 2.2 percent fall, amid weakening global demand and the US-China trade dispute.
An Economic Warning Sign: RV Sales Are Slipping
Elkhart, Ind., is flashing a warning sign that a recession could be just ahead.
Capital of the country’s recreational-vehicle industry, the northern Indiana city and the surrounding area are watched by economists and investors for early indications of waning consumer demand for luxury items, often the first sign of economic anxiety.
Shipments of recreational vehicles to dealers have fallen about 20% so far this year, after a 4.1% drop last year, according to data from the RV Industry Association. Multiyear drops in shipments have preceded the last three recessions.
Aides got Trump to delay tariffs by telling President it could ‘ruin Christmas’
(CNN)- President Donald Trump’s trade advisers were searching last week for a strategy to forestall his threatened tariffs on China, they struck upon a novel approach: appeal to his Christmas cheer.
Under pressure from retailers to prevent a move that would likely have caused prices of popular consumer goods to spike, the President’s team came to him during a meeting last week with a warning. Applying new tariffs on all Chinese imports, they cautioned, could effectively “ruin Christmas,” according to people familiar with the matter.
It was a tactic that worked: Trump announced the tariffs would be delayed until December 15.