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Title: Consumers Running Out Of Money Former Target Exec Offers Dire Warning Ahead Of Christmas
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URL Source: https://www.zerohedge.com/markets/c ... s-dire-warning-ahead-christmas
Published: Oct 20, 2024
Author: Tyler Durden
Post Date: 2024-10-20 07:04:48 by Horse
Keywords: None
Views: 25
Comments: 1
by Tyler Durden US corporate media outlets continue to push propaganda that the economy thrives ahead of the presidential elections, cheerleading the most recent retail sales print. However, most Americans know MSM is full of 'malarkey' because inflation and interest rates force many to spend more but receive less. Many folks have depleted their personal savings and racked up insurmountable credit card debt just to keep up with rising food, energy, insurance, and shelter costs. This toxic mix of inflation, sparked by failed Bidenomics, has hit low- and middle-income families the hardest, potentially leading to a breaking point this upcoming holiday shopping season. "It's very clear that consumers are running out of money. They're increasingly stressed by inflation and the exhaustion of their pandemic- era savings. When you take a look over the last several years, what you see month after month, everyone talks about, the consumer's still spending. They might be, but they're spending less than the growth of inflation," Storch Advisors CEO Gerald Storch told Fox Bussiness' Maria Bartiromo on Thursday during an interview. Bartiromo then asked Storch about his forecast on the upcoming spending season between Black Friday and Christmas. The former Target executive said, "[I don't expect] too much, frankly ... and think that [if] we can get growth in [the] 2.5% range, that'd be doing pretty well, and that's not very good. In the heydays there, we'd really want to see something that's more like 4% type of growth. You have, by the w
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The plunge in active residential construction continues - looking most similar to 1973 & 2007.
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Top • Page Up • Full Thread • Page Down • Bottom/Latesthttps://citizenwatchreport.com/price-cuts-price-cuts-price-cuts/
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