In issue #2 we analyze the effect rising energy prices may have on consumption.  One month ago, energy prices would’ve been a 75 basis-point “good guy” for the consumer.  Now it’s more of a marginal friend.  We measure inflation by income cohort, also focus on credit card delinquency trends and the profile of housing inventory.

In Issue #1 we dig into macro issues like tax refunds, capital gains, the wealth effect, credit card application and rejection rates.  We also look at excess savings for the bottom 40% of income, and the top 20%.  We offered up a new analysis on Lululemon that maps store productivity versus inventory productivity to complement the work we recently did…