Green shoots! Wal-mart customers "running out of money" (compared, Walmart)
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This is the effects of QEI and QEII coming home to roost.
The dollar is losing it's value while commodity prices have sky rocketed.
Double whammy to all of us.
And the government says "no inflation"..bah
Tell that to Americans who have NO CHOICE in buying energy and food to exist.
The value of the dollar and commodity prices are linked. While the dollar falls, commodities will increase in price to compensate. The dollar will continue to fall as US interest rates are held low. That will exacerbate inflation as commodities and imported goods continue to rise in cost.
The value of the dollar and commodity prices are linked. While the dollar falls, commodities will increase in price to compensate. The dollar will continue to fall as US interest rates are held low. That will exacerbate inflation as commodities and imported goods continue to rise in cost.
Its not that people are running out of money, its the psycological effect that the increase of about a dollar per gallon has affected our driving habits (avg was 2.92 for regular this time last year). People are now actually pulling out their calculators out to see if its actually worth the drive to Walmart (or similar big box retailers) or just to go to a local retailer. Remember that Walmart (or similar big box retailers) is a destination store that most have to drive too outside of their commutes. So now people are stopping at stores that are on their commute route instead.
As to BestBuy, its getting losses now because of the lowballing they did over the past 10 years that put numerous competitors out of business. But after they were gone, BestBuy raised their prices. Their stores are having losses but their websites are having gains. Why? Because the website has to compete with online competitors and free shipping. Also take notice the the web prices are not their store prices (the store prices are much higher).
So back to WalMart. People are now figuring out that their rollbacks aren't real. That they raised the prices then had a rollback to a higher price than it was in the first place.
"Wal-Mart shoppers, many of whom live paycheck to paycheck, typically shop in bulk at the beginning of the month when their paychecks come in."
I think most lower income jobs pay by the week, or at least bi-weekly. I've never heard of a low income job paying monthly.
So, are these welfare checks? Are welfare checks distributed monthly?
Food stamps is first day of each month.
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