Commentary If the term “consumer sovereignty” is unfamiliar to you, don’t feel bad; you have lots of company. Writing seven or eight decades ago, the great Austrian economist Ludwig von Mises (1881–1973) used the phrase “consumer sovereignty” as a synonym for “free enterprise” or “free-market economy.” In some ways, “consumer sovereignty” is superior to its…
‘Remarkable Drop’ in Demand for Goods and Services as Recession Fears Mount in America: S&P Economist
June 24, 2022
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The demand for goods and services in the U.S. economy has suffered in recent weeks, S&P economist Chris Williamson said while raising concerns about the country slipping into recession. The pace of America’s economic growth has “slowed sharply” in June, with “deteriorating forward-looking indicators” setting the stage for an “economic contraction” during Q3, 2022, Williamson,…
Here’s What Analysts Had to Say About HP Post Q2 Results
Analysts remained cautious about HP Inc. post Q2 results. Barclays analyst Tim Long maintained HP with an Underweight and raised the price target from $29 to $32. HP beat 2Q, driven by commercial and premium PC growth (primarily higher ASPs), while the Print segment was largely in-line. HP modestly raised the FY22 EPS guidance midpoint. Long remains wary of PC growth,…
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