CSNbbs

Walmart, Target, Home Depot and Lowe's reported quarterly results this week, and they each offered a different perspective on where and how people are spending their money.

"While we've experienced high levels of inflation in our international markets over the years, U.S. inflation being this high and moving so quickly, both in food and general merchandise, is unusual," Walmart's CEO said.

Analysts and investors didn't anticipate that Walmart and Target would take such a massive hit to their profits.

Home Depot and Lowe's, though, have seen more strength among shoppers in recent weeks.

https://www.cnbc.com/amp/2022/05/18/what...onomy.html

A lot of the people still spending are now doing it on credit. Read somewhere consumer debt is climbing rapidly. But not surging.

People still have to do home repairs and probably more so than moving to a newer house.

(05-19-2022 06:55 AM)BlueDragon Wrote: [ -> ]A lot of the people still spending are now doing it on credit. Read somewhere consumer debt is climbing rapidly. But not surging.

Yep...when the escalators hit on the APRs for mortgages, and half of the credit debt in America hits a default zone, we're going to have a hell of a buyer's market for those of us who are well-insulated with significant liquid cash. Can't wait!

(05-19-2022 07:46 AM)memtigbb Wrote: [ -> ]People still have to do home repairs and probably more so than moving to a newer house.

That's my story.