Trickle-Down Economics. Literally a Joke.Posted By Rod Kaufman |
No Greg, it's SPEND, SPEND, SPEND:Originally Posted by Greg ShafferLOL.....go ahead and SPIN SPIN SPIN.....
Costco (COST) is the latest retailer to warn that the US-China trade war will hit consumers.
"At the end of the day, prices will go up on things," Costco CFO Richard Galanti told analysts on Thursday. Galanti said prices had already gone up on some items such as patio furniture.
Costco wasn't the only retailer on Thursday to predict prices will rise for consumers.
"We believe our shoppers will be facing higher prices as 2019 progresses," Dollar General's (DG) CFO said on a analyst call.
Walmart (WMT), Target (TGT), Home Depot (HD), Macy's (M) and others have also said recently that the tariffs have forced them to either alter their financial outlooks, remodel carefully-crafted supply chains or consider raising price tags for customers.The average price increase for a new vehicle is 1300.00:
https://www.newsweek.com/trump-mexico-tariffs-trade-war-cost-1440938
AND: 1.1 TRILLION lost due to sell off from the trade wars:
https://www.cnbc.com/2019/05/13/1point2-trillion-in-stock-market-value-lost-so-far-from-trade-war-sell-off-with-more-expected.html
I doubt if GREG can comprehend any of it...