Posts filed under “Consumer Spending”
This week, an e-mail landed in my inbox with the header “Unsold Cars.”
Above is just a few of the thousands upon thousands of unsold cars at Sheerness, United Kingdom. Please do see this on Google Maps….type in Sheerness, United Kingdom. Look to the west coast, below River Thames next to River Medway. Left of A249, Brielle Way.
Normally, I would have deleted the e-mail without a second thought. But several things about it warranted further notice.
The first were aerial photos of thousands of cars. Wow, this really was a lot of cars.
The second was the phrase “Timestamp: Friday, May 16th, 2014,” which suggests that these photos were brand new.
It has been a confusing few weeks for followers of the retail sector. A mix of disappointing earnings (See Best Buy, J.C. Penny’s and Sears) along with pockets of luxury strength plus strongly trending auto sales has created a jumble. Let’s see if we can make some sense of the entire mess. Let’s start with…Read More