Sales up...stocks up

It’s not, but until people stop using their cash (given by the govt) to buy stuff and start having to use credit to buy it (more expensive) then it’s not going to slowdown. It’s a process

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It’s not, but until people stop using their cash (given by the govt) to buy stuff and start having to use credit to buy it (more expensive) then it’s not going to slowdown. It’s a process

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Just a quick googling shows that the average American got $3,500 in covid stimulus total and with inflation up 14% in a little over 2 years...

With average monthly expenses of $3,100 for somebody making $75,000 without including housing, that means any money from stimulus is being eaten up in 8 months at the current pace and obviously inflation has been cranked up for over a year so any govt money is likely gone.

And that's just for people locked in to lower priced mortgages. For those who bought after prices rocketed up or rent, anything they got from stimulus was consumed even more quickly.

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APPL just warned of cutbacks.

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So folks are finally wising up to the fact that they don’t need a new $1200 cell phone every year?