Markets collapse - Dow down 3.5% in single day

[Althea]

All somebody has to do is be a little bit better and they're going to be losing chunks of business.

LMFAO.

Is that all?

Even the Dollar Store is now the $1.25 store

 

[dukkha]

Walmart is going to retard themselves into a startup with something better taking some of their market share.

A busy Super Walmart with only 2 cashier lanes open and all lines having to wait 20-40 minutes to check out.

That's absolute stupid, and probably at the corporate level.

Also people steal like there's no tomorrow with those scan n go checkout machines.

All somebody has to do is be a little bit better and they're going to be losing chunks of business.

nothing to do with increasing revenues resulting in less profits
The PPI is > the CPI -Walmart et all are absorbing more of the inflationary costs, cutting into profits

 

[dukkha]

If the 2nd quarter is also negative GDP....we are officially in a recession. Good grief.

I think a recession is the only way out now.. raise the rates and get it done before inflation hurts the 401ks and fixed income elderly/disabled

 

[Matt Dillon]

I think a recession is the only way out now.. raise the rates and get it done before inflation hurts the 401ks and fixed income elderly/disabled

That ship done sailed.

 

[dukkha]

That ship done sailed.

was there a recession I missed?

 

[Matt Dillon]

was there a recession I missed?

This says a lot right here:

https://money.cnn.com/data/markets/

NASDAQ down 27%

DOW down 13%

 

[cancel2 2022]

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Housing is next, already happening in the UK.

Elon Musk on housing bubble: ‘They dug their own graves — a lesson we should all take to heart’

https://www.deseret.com/u-s-world/2...bble-pop-crash-dug-own-graves-great-recession