The only good news is the wedding industry is tanking.
David’s Bridal is a shocker. So is Party City where my younger daughter worked years ago.
I think most box stores run on 8% profit. If online sells, raise in rent because of inflation, and shoplifting/theft cut into that profit, they will cease to exist. They will all go on line, and deliver the product directly. Eliminate overhead costs. Watch self driving cars. They are they future of delivery. No more stoned pizza delivery drivers.
Bidungs “Build Back Better” is just humming along, isn’t it!?
So four months into 2023, we have already had over half of the number of company bankruptcies filed as we did in 2009. The 2009 bankruptcies were the result of the subprime mortgage crises of 2008.
The “expert” economists who are currently ignoring the problematic U.S. economy are the same ones who ignored the looming mortgage crisis in 2006 and 2007. They then also ignored the fact that the gravy train could come to a stop at any time.
bookmark
Many warnings in life go unheeded.
Whenever I go into a Home Depot or Lowes, I can never find what I am looking for, so I go home an order from Amazon. Years ago, I signed up for Amazon Prime, mainly to get stuff the next day. The next day delivery was working until the forced shutdowns. Now, the majority of the time, it is a two-day or more wait for what I ordered.
The auto dealerships are hit by this breakdown of the supply chain, as new vehicles are not available due to lacking of "chips" from overseas (isn't this what President Trump was warning us about?). Now, vehicles do not depreciate as they used to in order to collect higher fees in taxes.
BidenDepression 2023
I’ve been saying it for awhile now