Walmart Issues Major Warning To The Entire U.S. Economy (It's Bad)
Walmart Issues Major Warning To The Entire U.S. Economy (It's Bad)
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Walmart Just Issued a Major Warning to the Entire U.S. Economy (It's Frightening)
https://www.youtube.com/watch?v=DciM1UZo3Ps&t=56s
https://www.youtube.com/watch?v=DciM1UZo3Ps&t=263s
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
https://www.cnbc.com/2024/05/16/walmart-bubble-due-to-high-income-grocery-spending-warns-bill-simon.html
Amazon, Walmart Aim to Retain Lower-Income Shoppers Amid Luxury Push
https://www.pymnts.com/news/retail/2024/amazon-walmart-aim-to-retain-lower-income-shoppers-amid-luxury-push/
Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimates
https://www.cnbc.com/2024/04/09/costco-selling-up-to-200-million-in-gold-bars-a-month-wells-fargo-estimates.html
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People Are Sharing Things They No Longer Buy Because They've Gotten Ridiculously Expensive, And Some Are Really Thought-Provoking
https://www.buzzfeed.com/hannahloewentheil/things-becoming-too-expensive
Retail sales disappoint in April, unchanged from previous month
https://fortune.com/2024/05/15/retail-sales-april-flat-inflation-economy-consumer-spending/
Credit card debt is surging as average American owes $6,218
https://www.foxbusiness.com/economy/credit-card-debt-is-surging-as-average-american-owes-6218
1 in 7 Gen Z credit card users are ‘maxed out’
https://www.cnn.com/2024/05/17/business/gen-z-credit-card-users/index.html
These 2 charts show just how little faith Americans have in the economy
https://www.businessinsider.com/americans-losing-faith-economy-inflation-university-michigan-consumer-sentiment-2024-5?op=1
Renters need to make 36% more than in pre-COVID years to afford today's average rent, Zillow says
https://www.msn.com/en-us/money/realestate/renters-need-to-make-36-more-than-in-pre-covid-years-to-afford-todays-average-rent-zillow-says/ar-BB1mje2x
Industrial Production Disappoints, Manufacturing Contracts As Downward Revisions Continue
https://www.zerohedge.com/economics/industrial-production-disappoints-manufacturing-contracts-downward-revisions-continue
Walmart says consumers are trading down to private label for items like dairy and bacon
https://www.marketwatch.com/story/walmart-says-consumers-are-trading-down-to-private-label-for-items-like-dairy-and-bacon-11652803899
Under Armour is laying off workers as retailer says North America sales will plunge this year
https://www.nbcnews.com/business/business-news/armour-laying-workers-retailer-says-north-america-sales-will-plunge-ye-rcna152574
US Producer Prices Accelerating At Fastest Rate In 12 Months, Wall Street Reacts...
https://www.zerohedge.com/economics/us-producer-prices-accelerating-fastest-rate-12-months
In my latest video, I talk about Walmart's quarterly sales numbers and how more affluent shoppers are now shopping at Walmart. I also talk about this is actually not good for Walmart and shows where our economy is at. Also, I talk about a story about certain sales at Costco you will not believe. Consumers are trading down and the question is how will Walmart fair as a result?
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