/biz/ - Business & Finance

>>53736970
this was in december - this trend has continued; but this was the report that it was most noticeable in - even in this +3% bullshit propaganda report that was released for january
https://www.census.gov/retail/marts/www/marts_current.pdf
electronics / appliances -6.5% past year
https://fred.stlouisfed.org/series/RSEAS
put the graph to last 2 years

>>53379096
uh yes
>department stores -6.6%
>gasoline stations -4.6%
>furniture -2.5%
in a single month

>>53358432
>>still globalization
Still happening, never will stop
>he hasn't paid any attention to the reshoring over the last year
>he hasn't paid any attention to supply chain logistics over the past year
is there still 'more globalization' than there was 10 years ago? yeah, of course. it's the rate of globalization which has now changed
>virtually infinite QE
Still happening, never will stop
it already has stopped.. look at M1 - and it will not "resume" for a long time
>companies are not spending on expansion
are you not paying attention to the mass layoffs happening all around you? how do you not understand that everyone is tightening their belts
>consumers are not consuming
Did you miss the part where 7,000,000 people signed up for Netflix?
look at pic related - this is retail sales
during the holiday season when retail sales are elevated, in a single month, spending on department stores fell 6.6%, gas stations 4.6%, furniture 2.5%, bars 0.9% -- the consumer is fucked, and is staying at home. Netflix beating on subscribers is unironically, literally, indicative of the economy being weak - people are staying at home, not going out and spending. if everyone is staying at home, they need something to entertain themselves - netflix 1 month subscription fee is the same price as going out to eat one time, or buying a single pair of jeans, and it is able to entertain them for the whole month. think about it like how sales on liquor rise during a recession, or more people go to eat at mcdonalds (because they can't afford to eat anywhere else..)

>>53352775
>Netflix added 7.66 million paid subscribers during the fourth quarter, more than the 4.57 million Wall Street expected.
>EPS: 12 cents [actual] vs 45 cents per share [expected]
look at this picture of the breakdown in retail sales, emphasis that this was during the holiday season when people are seasonally spending more
>department stores -6.6% in a single month
>furniture -2.5%
>gas stations -4.6%
>bars -0.9%
you can literally see it in the report(s) that people are not going out and spending
people are staying at home - if everyone is staying at home, they need something to do, the most popular streaming service is that outlet, that provides them with entertainment at a low cost. 1 month subscription to netflix equals a single meal eating out or a single pair of jeans