Article

2022-07-26 Economy

Walmart slashes profit forecast amid cost of living crisis sending shares down 10%: Amazon and Target shares also tank after 'train wreck' warning

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Posted by Skidmark 2022-07-26 10:21|| || Front Page|| [5 views ] Top
File under: Tin Hat Dictators, Presidents for Life, & Kleptocrats

#1
I guess Shrinkflation and adding 14% to 50+% to the prices wasn't the best idea after all for the Big Boxes.

Posted by NN2N1 2022-07-26 15:46|| 2022-07-26 15:46|| Front Page Top

#2 Markets exist. All central planning efforts to cast them aside are futile.

Posted by M. Murcek 2022-07-26 15:50|| 2022-07-26 15:50|| Front Page Top

#3 Little Caesars 3 Meat Pizza (with local tax):
Oct 27, 2021: $ 8.70
Jul 25, 2022: $10.88 ...9 months +25% -- Go Brandon!

Posted by magpie 2022-07-26 15:59|| 2022-07-26 15:59|| Front Page Top

#4 this may make the Fed do a 75 rather than a 100 basis point raise later this week

Posted by Lord Garth 2022-07-26 16:28|| 2022-07-26 16:28|| Front Page Top

#5 And those geniuses in the Fed are working diligently to control “core inflation” which does not include food or energy

These rate increases will only crated the economy because they aren’t trying to moderate what is causing this round of inflation

It’s the oil stupid!!!

Posted by Sock Puppet of Doom 2022-07-26 19:59|| 2022-07-26 19:59|| Front Page Top

#6 WTI at about $95/b this evening which is about where it was before Putin's invasion of Ukraine.

It is not as bad as $120/b but still I think anything above $80/b kills economic growth in the US.

Posted by Lord Garth 2022-07-26 20:57|| 2022-07-26 20:57|| Front Page Top

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