Surge in inventories. That’s got to be channel-stuffing; manufacturers pushing out goods to wholesalers. There will be no sell-through to the retail level; people simply don’t have any discretionary cash anymore. Rent, food, fuel and healthcare inflation and debt service take care of that. Watch for major adjustment of Q2 in the Q3 report.
No worries!!! Folks will just put it on their credit cards... 1 in 3 Americans are behind in their credit payments, average credit balances...$5,100.00...for now.