Maybe the sales ‘spiked’ because most the prices went up.
see tagline
Target has issued a profit warning and announced severe cost-cutting measures. This does not agree with the article posted, although it couldn’t happen to a “nicer” business. /s
Wait, the Amazon Prime event moved the national retail needle? Hard to imagine. Show me the corresponding aggregate credit card debt level for the same period.
And the amount spent on credit cards skyrocketed,causing another looming debt crisis. I wonder if ole Joe will want to forgive that too?
The only question I have is, Did the people pay for their stuff with cash reserves? Or did they use the credit card, and go further into debt?
so that’s why amazon is laying off 10000 and bezos is saying lookout below then...
Impending? The full-blown recession is, and has been here! We’re headed towards a depression. Stupid liberal reporters.
Cause Thanksgiving and Christmas. And a whole bunch of stupid people who will pay the prices anyhow.
The Hill = a hill of bullshit
I'm thinking Bezos is a bit more aware of the economic outlook than this bozo.
On the other hand, the retail sales spike could be fueled by the Biden student loan debt cancellation and the gas price reduction due to the sell off of the Strategic Petroleum Reserve.
In other words, people squandered their savings they are going to need now that gas prices and inflation are going to skyrocket and the loan debt cancellation is canceled
Mencken is going have the last laugh on gullible American voters
Darn, I just bought a new TV because Geko’s were shorting out the power supply on my nearly 30 year old Sony big screen.
Does that count as a spike?
There is something to the “Americans avoided the Red Wave because they hadn’t felt enough pain yet.” On another thread today.
True.
Idiots will move as sheep through the ramps up to the Dem vote in 2024 to totally destroy the freedoms enjoyed and fought for in America-——unless they suffer now.
Only a little sadism on my part, the rest is practical political strategy.
“$694.5 billion in sales last month, according to the Census Bureau”
Facts and figures to support those claims, please. Seems the
Census is counting a great deal these days, including the sperm count (declining) which could be causing a decrease in our overall American population.
“All is well,
All is well !”
Indeed Christmas is nearing sales also rose 0.9 percent it may be the last one we have for a long time hard times ensue.
Maybe everyone who WORKS FOR A LIVING is spending their money as fast as they can before it looses it’s purchasing power due to inflation.
I did that back in the Jimmy Carter years.
Believe nothing The Hill.
When you’re feeding the chickens ,,, they don’t have idea of costs or the supply of the feed, them chickens just keep on being chickens