One stock that's up 6% the past month is Walmart. That says everything you need to know about how broke everyone is.
I hate Walmart. IKEA too. Damn, those places are so convenient, it sickens me! :-D
Seriously, I can't stand going in to either one, and yet I keep going back. Does that say something about me, or maybe about society? I'll leave that question to the philosophers...
first draft of the number comes out tomorrow, but expect lots of reviions. But the headlines will be 'rapidly slowing economy' even tho it's mostly just because of technicalities concerning inventory buildups in the 4Q.
One stock that's up 6% the past month is Walmart. That says everything you need to know about how broke everyone is.
I hate Walmart. IKEA too. Damn, those places are so convenient, it sickens me! :-D
Seriously, I can't stand going in to either one, and yet I keep going back. Does that say something about me, or maybe about society? I'll leave that question to the philosophers...
My wife avoids going to Walmart. I have no issues, there are some characters there. Prices are the best, good local produce, and the self service system is easy to use.
first draft of the number comes out tomorrow, but expect lots of reviions. But the headlines will be 'rapidly slowing economy' even tho it's mostly just because of technicalities concerning inventory buildups in the 4Q.
Can you elaborate on inventory thing?
I don’t see how we are not primed for growth moving past covid, intermediate China supply chain issues, etc.
first draft of the number comes out tomorrow, but expect lots of reviions. But the headlines will be 'rapidly slowing economy' even tho it's mostly just because of technicalities concerning inventory buildups in the 4Q.
Can you elaborate on inventory thing?
I don’t see how we are not primed for growth moving past covid, intermediate China supply chain issues, etc.
in the 4q21 companies restocked their inventories massively...that gave a big boost to the GDP numbers. Because lots was made, lots was imported etc.
But in the 1Q22 inventories were filled already, so companies had smaller orders. Which is fine...but its impact is a reduction in GDP growth. So 1Q22 GDP growth will be next to nothing. But just for a quarter. As companies burn off the inventory build they'll have to restock in the 2Q and that will likely result in accelerating GDP growth in the 2Q22.
it's just an unusual moment because of the outsize and unusual inventory build in the 4Q21. But the headlines will scream that we are near recession. It could actually be a negative number after all.