Me too. I'm watching the folks on CNBC trying to calm people down. They keep talking about the strong fundamentals of the American economy. My own eyes see things a bit differently.
Procter and Gamble wants 30 bucks for a box of Tide at BJ's or Costco. Take a look at their earnings report - Americans are refusing to pay it. Sales in "developed countries" are down. People just don't have the money. FOr some reason P&G is up today.
Yeah, $17 trillion in “official” government debt and more than $100 trillion in unfunded liabilities. Fed is pumping $85 billion a month into the economy, and that new money is backed by....the full faith and credit of the U.S. government.
Clearly, the fundamentals are in place for a full-scale economic collapse. Thirty years from now, we’ll look back on this time as an economic moment akin to the lookout on the Titanic yelling “iceberg.”
It was too late then, and it’s too late now.
I saw that and I wondered about it, too.
Everyone I know is switching away from prepackaged cleaning aids and detergents to DIY recipes using simple cheap ingredients (peroxide/ammonia/vinegar/lemon juice/alcohol/baking soda) for much less. There are days locally when white vinegar in gallons is out of stock and professional cleaners are walking out with two carts full. More and more women are polishing with Norwex and eCloth (contains silver fibers or are made of microfiber)and plain water. The homemade products contain a few drops of Dawn Dish Soap &/or Finish dishwasher rinse. A small bottle of either lasts years. Instead of fabric softener, they are using 1/4 c. of hair conditioner, baking soda and water. 1/4 c. of fabric softener + baking soda and water is substituted for Febreeze.
In the personal grooming arena, beauticians are urging women to only wash their hair once a week and to forget using all the pricey products. Despite what you see in the tabloids, I see women in public with no makeup at all. I hear women touting Vaseline over expensive moisturizers. If you look at the feminine hygiene displays, there are many off brands that are very inexpensive.
In OTC health aids, I see and hear more use of essential oils and medicinal teas than tablets and potions.
Off brand paper products dominate the shelves everywhere.
On what basis does P&G make money?