Sales

Mississippi Lawmaker Introduces Measure to Remove Sales Tax on Sound Money

By Jp Cortez One of the states that’s still taxing real money is hoping to do something about it. Introduced by Representative Zuber (R-Jackson), House Bill 375 removes sales and use tax on purchases of gold, silver, platinum, and palladium coins and bullion in Mississippi. Under current law, Mississippi citizens are discouraged from insuring their savings against the devaluation of…

American Gold Eagle Sales Up 455% In 2020

Via SchiffGold.com, Demand for physical gold and silver surged last year as smart investors sought safe haven from a record-breaking expansion in the money supply, record federal budget deficits, and quantitative easing set to infinity. Sales of US gold and silver bullion coins at the US Mint hit a 4-year high in 2020. The Mint sold 884,000 ounces…

2020 Gun Sales Shatter Records As Americans Lock N' Load

Amid 2020’s ‘perfect storm’ of racial tensions, lockdowns, and a record spike in unemployment which coincided with a national crime wave, people have been stocking up on firearms like never before. According to monthly FBI data, November was the busiest month on record for background checks with over 3.6 million applications – a figure which…

Existing Home Sales Tumble For First Time Since May, Prices Hit Record Highs

After a big surprise jump in October, existing home sales were expected to drop MoM in November (as homebuilder sentiment rolled over from record highs) after 5 straight months higher and sales did slump – more than expected. Existing Home Sales fell 2.5% MoM (worse than the 2.2% drop expected) and the first MoM drop…

Why an Online Sales Tax Would Hurt All New Yorkers

By Max Gulker Imagine an extra $3 tax any time you order something online. That’s what two New York City officials are asking of New Yorkers in the name of “saving” the city’s financially troubled Metropolitan Transit Authority. John Samuelson, president of the Transport Workers Union, and state assemblyman Robert Carroll make their case in…

US Retail Sales Disappoint, Tumble Most Since April

December 16, 2020 By Tyler Durden While analysts expected a modest drop in US retail sales in November (after its big slowdown in October), and BofA credit card sales data suggested otherwise, they were both seriously off as the final print was a big disappointment. Headline retail sales tumbled 1.1% MoM (far worse than the…

What Spending Slowdown: BofA Credit, Debt Cards Show Soaring Retail Sales

Ahead of Wednesday’s retail sales report, and in light of the recent sharp slowdown in the labor market and lack of progress on the stimulus front, most pundits expect a disappointing retail sales performance for the month of November, when retail sales are expected to drop by -0.3%, their first contraction since the April covid…

“No Exceptions” – UPS Places Shipping Limits On Major Retailers Amid Online Sales Boom

By Tyler Durden An internal memo reviewed by WSJ and confirmed by United Parcel Service workers outlines how the package delivery company imposed shipping restrictions on major retailers on Cyber Monday as the unprecedented pandemic-fueled online shopping season stretched delivery networks thin. The memo informs delivery drivers that on Cyber Monday, they were not to pick…

Existing Home Sales Soar To Highest In 15 Years

Existing home sales bucked the trend in September (rising to highest since May 2006 as new- and pending-home sales slipped) and analysts expect it too catch down a little in October, but yet again, it surprised to the upside, surging 4.3% MoM (vs a 1.1% MoM expected drop), and September’s jump was revised higher to…

China Retail Sales Disappoint, Despite Expected Golden-Week Boost

Amid sudden domestic defaults, liquidity shortfalls, a soaring yuan, and overseas economics lockdowns, tonight’s smorgasbord of data is expected to show a continued recovery in China’s economy (after a disappointing Q3 GDP and PMI), as US data begins to falter. Source: Bloomberg The strongest yuan in well over two years is likely not helping the…

“Down From London” Crowd Flee Cities, Send British Country Estate Sales Soaring

By Tyler Durden Following trends in New York City, San Francisco, Los Angeles, and Chicago, wealthy so-called ‘Down-from-London’ers have reassessed their living situation in urban areas and moved to the countryside due to the virus pandemic. Bloomberg reports Londoners who generally have a large house in the London metro area and a cottage in the…

New Energy Vehicles Will Be 20% Of China’s Total New Car Sales By 2025

The boom in EV stocks may not be stopping anytime soon. Recent momentum in names like Kandi Technologies, Nio, Tesla, Fisker and other electric vehicle names – already fueled by states like California vowing to ban internal combustion engine vehicles – could see a continued tailwind from the world’s largest auto market, China. Sales of…

Ex-Big Pharma Sales Rep: ‘We Are Trained To Misinform’

“There is no such thing as a safe drug.” This comes from ex-pharmaceutical sales rep and author of the book, Confessions of an Rx Drug Pusher, Gwen Olsen. For 15 years, Gwen was living an unintentional lie, working as a pharmaceutical sales rep for some of today’s largest pharmaceutical manufacturers, including Johnson & Johnson, Bristol-Myers…