THE SHEEP ARE WAKING UP | CONSUMER CONFIDENCE STARTING TO ACCELERATE DOWN

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Consumer sentiment numbers came in and people I think they're getting it. There was also another study done it said people prefer a recession over persistent inflation because inflation is insidious and it affects every single person, and I think people are feeling it now and they're starting to tell that to the pollsters.

So, if they're telling the pollsters that it's just bad, you know, it's a lot worse because everybody always lies or don't really tell you the truth.

We're going to start approaching the COVID lows again and this is just beginning, this problem we're having and is not going away anytime soon. People are pushing through cost increase like crazy now across the board, and talking grocery stores, some are up 55%, then they're testing back with sales on some of this stuff.

So, we're looking at probably double digit cost increases across the board and in services it’s ridiculous. The other thing that was interesting, is that the government now is like saying, hey, we got to get people's wages up.

It’s really getting to the point now where this is like the 70s all over again, where they try to do this push inflation because the costs are increasing because the government can't stop spending and then now they're trying to get wages to match it so that people don't fall ridiculously behind.

But we have a problem this time because 24% of the people aren't working right and more people rolling off into retirement and it's just going to be brutal.

So, with this consumer confidence chart, is rolling over and starting to accelerate down.

People are now starting to get worried and are going to start pulling back. You know, the restaurants here are no longer full, and you know that people are going to start giving up on things that they don't absolutely have to have. And that's a problem for our economy because that's where most of the employment is.