Posts filed under “Consumer Spending”

Apple iPhone: Drool Worthy

"Any sufficiently advanced technology is indistinguishable from magic."  -Arthur C. Clarke

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Yes, magic: A drool worthy piece of techno candy, and All I can say is I want one. (See this for detailed video).

Many of the expected reveals were true: iPhone, with a touch screen iPod, combined with full web access:

click any of these pics for a video of that functionality:

. . . . . . . . . . . . . . Phone . . . . . . . . . . . . . . . . . . . . . . . . . Web Apps . . . . . . . .

Iphone_2 Iphone_web

. . . . . . . . . . . . . . . . . . . . . Touch screeen iPod . . . . . . . . . . . . . . . . . . . . .

Iphone_tech_1

. . . . . . . . . . . . . . . . . Full iTunes Music, TV and Film access . . . . . . . . . . . .

Iphone_touchscreen_ipod

I had Cingular a few years ago — awful — but that was prior to the AT&T merger — now its a much better network, although where I live on the hilly North Shore of Long Island near the L.I. Sound,  nothing works well but Verizon . . .

UPDATE: January 9, 2007 4:31 pm

Ouch! Apple v Palm v Rimm intraday chart (via Andrew)

Apple_v_palm_v_rimm

Thanks, Andrew!

Category: Consumer Spending, Digital Media, Film, Music, Technology, Television, Web/Tech

Retail Sales Roundup

Category: Consumer Spending, Retail

ICSC Retail Sales Data

Category: Consumer Spending, Economy, Psychology, Retail

The State of the Consumer, by the Numbers

Given our focus today on Retail sales this week, it is appropriate to reference another source of data on the consumer.

This commentary comes to us via Northern Trust’s Paul Kasriel. Paul is the Senior Vice President and Director of Economic
Research at NT, and I had the pleasure of meeting him (and Caroline Baum) at Bloomberg last month. He is the recipient of the 2006 Lawrence R. Klein Award for Blue
Chip Forecasting Accuracy.

His recent commentary focused on the Fed’s Flow-of-Funds data. It is rather insightful work into consumer debt and savings. Some of it might be a bit beyond the interest of many readers, so to make it more accessible, I did a little slicing and dicing. Here is my highly edited version, emphasizing The State of Consumer, by the Numbers:

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Kasriel:  I love the Fed’s quarterly flow-of-funds report. It usually is the mother lode
of enlightening economic nuggets of information. And the Fed’s latest release on
December 7 of third-quarter data was rich with these nuggets.

The slowdown in
borrowing was due principally to the household sector: Chart 2 shows that after
hitting a post-WWII high of 14.6% in Q3:2005, household borrowing relative to
disposable personal income (DPI) dropped to 8.8% in Q3:2006 – the lowest since
7.6% in Q3:2001, when the economy was in a recession.

Notice in Chart 2 that
precipitous declines in this percentage tend to be followed by the onset of
economic recessions (indicated by the shaded areas in the chart).

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Category: Consumer Spending, Economy, Inflation, Real Estate

Retail follow up

Category: Consumer Spending, Economy, Inflation, Retail

Holiday Sales Fall Short

Category: Consumer Spending, Economy, Psychology, Retail

NYC Tourist Shopping Extravaganza

Category: Consumer Spending, Currency, Economy, Retail

Mrs. Big Picture’s Anecdotal Tales of Holiday Retail

Category: Consumer Spending, Economy, Psychology, Retail

Producer Prices & Inflation

Category: Commodities, Consumer Spending, Data Analysis, Federal Reserve, Inflation, Retail

More on: Retail Booming

Category: Consumer Spending, Economy, Retail