Who was the guy who was just on? He said 401(k)’s and those with retirement funds who keep funding them will be fine because Home Depot, etc. are doing fine. It’s only the banks who are hurting.
Dave Ramsey
Sure, Home Depot is fine as long as everyone in the US has flush home equity loans available to draw on to go pay for the stuff we buy there. And as long as Home Depot has easy to access and cheap credit lines to purchase their inventories and run their stores.
That’s all gone right now boys. Home Depot is an equivalent of a fat cow in a pasture that just lost all it’s grass. The cow looks fat and healthy right now, but with no grass to eat, let’s revisit the situation in a month.
Home Depot will not be doing so fine if people find out that banks are no longer giving loans to small businesses, etc. which will affect paychecks.
You're going to see Home Depot shrivel up real fast.