Back when this country made things, the saying was “As goes GM, so goes the nation”. Now that we just buy shit made in China, Costco is the true barometer of the economic health of the nation. Not looking too good. And it is even worse than this chart portrays. Sales are a function of # of customers X average ticket. With real inflation at 8% to 10%, the average ticket is inflated, so the # of customers is probably down a lot. Slow motion economic collapse in progress.
A picture that leaves little in the way of interpretation. https://t.co/nfB2f8qWAr pic.twitter.com/C52J8TZnyF
— Danielle DiMartino Booth (@DiMartinoBooth) April 7, 2023
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It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
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Not only have MOST consumers cut back on discretionary spending, QUITE A FEW have cut back on necessities.
The good news? What can’t go on forever never does. I keep having this recurring dream that the traitorous elements of our political, financial, educational, and media classes are dancing, dancing, dancing in midair, almost as if suspended there. How is that possible?
Hemp works nicely; polypro’s got too much stretch
Yeah, but if hung high enough poypro gives the spectators that entertaining bounce! It’s almost like watching an instant replay!!!
Ah, beat me to it. A tad to long a rope helps too.
Increased odds of an arbitrary beheading with the stretch and snap polypro!
It was that great philosopher Mike Tyson who said “Everything that has a beginning has an end.”
COSTCO, the Chinese Overseas Shipping and Trading Company. Pfuck them.
The Chinese shipping company is COSCO… unless they’ve re-named themselves.
OMG!!! Does this mean they will never have a law school?
Not sure
🤣🤣🤣, Brondo ‘s got what plants crave.
I’ve looked everywhere and can’t find any fucks left to give.
Burn, baby, burn!
Well GEE!!! D’y’think? Also ask anyone masochistic enough to run a restaurant. Eating out goes out the window even before the trips to Costco do, and that happened a WHILE ago!!!
Isn’t it GREAT to have a “president” who gives us results so QUICKLY???
Before covid I regularly went out for dinner. Five local places got my business, I knew the owners and staff and always tipped well as they deserved it.
Now? Fuck them all. I don’t go to restaurants anymore.
All of them went full-covid-retard. Two are now closed, the others have increased their prices 50-75% IN THREE YEARS.
Won’t be going back either as I just heard that my previous favorite, changed their card machine to show a “Add 20%, 25%, or 30% tip”.
Before covid it was 10%,15%, 20%.
Here is my “tip” to them. Quit trying to fuck your customers or you will shortly have none. You already lost this one.
So, that peak in 2021 is from the stimulus checks probably.
And the dip? Could possibly be people having to use up all the expiring best-by-date crap they bought in the peak?
US Bank lending dropped $105 BILLION in the last two weeks. This is the largest drop in US history.
It’s way worse
2010-2023 Costco sales charts….. look different than the chart above.
https://www.macrotrends.net/stocks/charts/COST/costco/revenue
Inflation.
The last chart at your link looks exactly the same.
What I find funny is nobody states the worst of the chart is No Growth.
But no going down either. We can have a long discussion about how much real inflation is factored into that chart, but let’s just say Costco isn’t doing too bad according to the chart.
Do you know the difference between comparable sales and total sales?
You did see that the chart DOES NOT include gasoline sales, didn’t you? When gas prices go up 30%, Costco revenue from gasoline will go up 30%. It hides the true picture.
Does that answer your question?
It’s weird when a bird almost lands on my head.
Yes, and no.
But it’s OK.
I’ll wait for you at the corner market.
We can go forward together from there.
Based on all the press about Walmart selling 110% chinese goods … I’d have thought that they are the barometer …
Meanwhile, the 2 local Costco locations in my area seem to be always packed … and folks are wheeling stuff out the door like there’s no tomorrow …
Meanwhile, their gasoline sales are also unbelievable … the one Costco I used to shop said that they pumped an average of 35,000+ gallons of gasoline PER DAY …
Costco seems to have what I want or need … at prices that I like … so they get my buck$ on a regular basis … including the hearing aids that I just picked up there today.
Bad news for Costco, good news for Walmart…and China. Seems like China always comes out on top, doesn’t it?
Maybe it’s because they don’t have all those pendulous black dicks distracting them constantly?
But enough about genetic purity. It’s the mongrel hordes of misegenated Lumpen to blame for America’s troubles.
Sad news though. The solution is never as easy to arrive at as the root cause.
We’re not getting out of this, but we might tribe our way through it if we’re angry enough.
I hope to build a house in the next few years. My final house where I will entertain grandchildren and reside until I meet my maker hopefully. As part of my research into what I want and don’t want in this house I have been following some construction forums. The participants on there are mentioning layoffs happening already, just as they go into their busy season.
It would seem that the great shortage of skilled trades people is narrowing or coming to an end as large capital projects are being nixed or drastically scaled back.
The Admin says “ Now that we just buy shit made in China”. Now, either 1) he is exaggerating, 2) he has no idea about the facts, or 3) a combination of the two.
China represents on 18% of US manufactured imports. The EU is the largest trading partner. China manufactures a small percentage of what the U.S. imports.
The US manufactures around 20% of the world’s goods. At 5% of its population. That is enormous.
The idea that it could manufacture a huge percentage of the world’s goods in perpetuity is absurd.
The US manufacturing sector is highly efficient. The US manufactures a lot of goods, but just doesn’t need many employees to do it.
What the Admin wrote is simply incorrect. Unless he means cheap disposable consumer goods, where China is very much a player.
Your thoughts might carry more weight if you actually knew whereof you spoke…but you live on the asshole of the world and have no first hand knowledge to offer us here in Amerika.
Someone send dipshit a mirror.
Lipoh,
I like your counter arguments, I just wish you posted sources.