Watch Katherine Amenta


Pittsburgh's best news anchor...

U.S. GDP - Q1 2017


ECONODAY: The weakest showing since the last recession for consumer spending held down first-quarter GDP which could manage only a 0.7 percent rate of annualized growth. Consumer spending rose at only 0.3 percent which is by far the worst showing since no change in fourth-quarter 2009. Weak vehicle sales are a major negative in the quarter's consumer breakdown, pulling durables down at a 2.5 percent rate and offsetting a 1.5 percent rise in non-durables and a slow 0.4 percent showing for services. Weakness in consumer spending is strongly associated with recession but not other data in the report...

Whore Fee

http://www.wtae.com/article/victim-of-alleged-sexual-assault-blasts-court-system-for-repeated-trial-delay/9573190

Insane Debt Bubble Going Bust


Max Belfort: What kind of hooker takes credit cards?
Donnie Azoff: A rich one!

Retail Sales - March 2017


ECONODAY: First-quarter consumer spending is in trouble. Retail sales fell 0.2 percent in March which is under the Econoday consensus for no change. Importantly, February sales are revised sharply lower, to minus 0.3 percent vs an initial gain of 0.1 percent. Vehicle sales round out the quarter with a 3rd straight sharp decline at minus 1.2 percent. Sales at gasoline stations, due to lower prices, fell 1.0 percent. But when excluding both vehicles and gasoline, sales could only manage -- despite sky high consumer confidence -- a second straight 0.1 percent increase. Other areas of weakness include sporting goods which fell 0.8 percent and furniture stores which were down 0.3 percent. And two special areas of weakness are restaurants which fell 0.6 percent for a second straight decline and building materials which fell 1.5 percent....