The lower and low-middle class are suffering from inflated prices, thanks to Biden insane spending and Fed money printing Meanwhile, those who own houses are enjoying the doubled or tripled house value.
If it looks like a recession and walks like a recession…
But house price is still insane
Is it? 😂
Lol. It’s cute how you think Biden is to blame for global inflation, global supply chain issues and global energy price impacts. And house values only benefit if you can tap into the equity. 🤦🏻♂️
Its cute how u think Sleepy Joe not contributing to the hyperinflation
Biden and Trump both followed the inflationary policies that led to this
Poor and middle class usually get a refund
What's concerning people is that the categories with the biggest sales declines were the big ticket discretionary items like TV's. That indicates consumers have been priced out by inflation or have decided to hoarde cash for a recession and potential job loss. That's exactly what an inflation driven recession looks like indicating the rate hikes aren't working.
Congress sets spending, not the President.
Doesn't really matter cause they're all completely onboard with wasting 11-12 figure sums of money on pointless war anyway.
The branch of government does matter, otherwise it wouldn’t be specified in the Constitution.
To me the main surprises were on the costs/margins side. Which also means that target did not raise prices enough to counter this, either because the increases crept up on them without realizing it, they assumed they were transitory, or they didn't think consumers could handle the price increases to maximize their profits Also, earnings expectations were very high and it was a big surprise miss, like wmt
Jp: inflation is transitory 🃏
👆This plus the Russia and Ukraine war
Growth got hit first. Value is next
Nothing to do with trumps $2T covid spending though huh .. makes sense ..
Covid spending? More like corporate handout. Just like his tax cut for the wealthy
Both presidents pushed for spending policies and got us to where we are, and combine that with China going back into lockdown and the war in Ukraine persists. Wanna curb inflation? Drill for more oil.
Which joker stopped oil drill? Sleepy or Trmp
This you will have to blame the sleepy man.
Inflation is outstripping wages and ordinary people cannot afford to buy stuff now. Consumer demand crashing means the end of the current business cycle and will hit every company hard.
You would see spending rising on things like new bbq's whereas it's falling, so no, the data doesn't support that. Walmart explicitly called out the sales of outdoor grills was much lower than expected
Walmart's results yesterday. Last year is irrelevant. It's this quarter and projections that matter.
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Buy Walmart target now
I'm doubling up on Biden Stock
These stocks are still risky. Right now USD is high. What if $$$ crashes say 30%?. Then shopping in walmart is like shopping in Nordstrom.