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  • 5 Numbers That Will Tell Us How the U.S. Economy Does This Year

    From awealthofcommonsense.com

    This continues to be one of the more confusing economic environments in history. Every other day the narrative switches between an imminent recession and a soft landing. Neither outcome would surprise me at this point. Some economic indicators are screaming slowdown while others are giving an all-clear. This state of limbo is making it difficult to know what’s going to happen. I don’t know what’s going to happen with the U.S. economy but it feels like there are a handful of economic numbers that will tell us how things go this year. This is not an exhaustive list but gets us pretty close to telling the story of ... (full story)

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  • Jan 23, 2023 9:36am Jan 23, 2023 9:36am
  •  traderathome
  • Joined Mar 2008 | Status: PVSRA with Traderathome | 1591 Comments
5 numbers WILL NOT (!) tell us how the U.S. economy does this year! Geez!

Look, the rage is all about inflation. Prices going up....primarily because the greedy DAVOS group and all the corporate heads that are DAVOS wannabes will keep edging prices of products upwards. Hell (!), these corporate businesses (Mom & Pop stores are no more) don't need excuses....been doing this for years....but, just imagine what they might do now that they do have the convenience of additional excuses!

But,....THINK! So prices will continue to rise. Consumers (more and more of whom are unemployed, or will become so, and many that are now homeless, or will become so) will use their brains! No cokes, no pepsi, no bottled water! Drinking will be from the tap. And the producers and retailers that are actively marking up their goods will find soon enough they are overcrowded with it in the stores, because........because when the shit hits the fan most folks finally attempt to use their brains and.......STOP BUYING ALL THE CRAP BEING SHOVED OUT THERE AT INCREASING PRICES!

Some corporate businesses might even fail because of their greed and the final solution response on the part of the economically dying middle, low and no income consumers (which is.......most everyone!).

......the final solution being they will stop spending, either because they can or because they have nothing more TO spend!

Inflation will end......and with any luck, so will many of these opportunistic, greedy corporations.....just cut back and fold....because they continued to gouge the consumer, who eventually got really pissed off and stopped buying.

However it turns out, THAT is the real story. And no NUMBERS are going to tell us what the corporations are going to do with their product pricing and their executive salaries and benefits packages, nor how those consumers left with any money to spend, will spend it.

Good luck to all of us.......
 
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  • Jan 24, 2023 5:08am Jan 24, 2023 5:08am
  •  pamc
  • Joined Jan 2017 | Status: Member | 72 Comments
I have a friend whose business supplies all the local supermarket chains with a large range of imported Internationally known branded food and beverage items. Without naming the items i will give a couple examples. Item 1) wholesale price to S/M 4.56 eur, retails currently up to 12.99 with periodic discounts for a week 8.99. Item 2. wholesale cost to s/m 10.43, retails between 26.49 and 23.49. Disgusting. This in an EU country where the working masses are on under 1000eur monthly and supermarket employees are on 3.50 to 4.50 per hour
 
 
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  • Posted: Jan 23, 2023 8:42am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 2  /  Views: 1,381
  • Linked events:
    USD Federal Funds Rate
    USD CPI y/y
    USD Unemployment Rate
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