Some of the nation’s largest retailers are rolling back prices in response to low-income consumers hitting a proverbial brick wall. These consumers have maxed out credit card debt and drained personal savings to dangerously low levels in the era of failed Bidenomics. This also comes after an underwhelming April retail sales report and several notes from Goldman warning about faltering low-income consumers:
- The Largest US Trading Desk Is “Getting Bearish On The US Consumer”
- Goldman Warns Consumers Are Cracking As Stagflation Threats Emerge
- Goldman’s Commentary On Consumer Health Is An Ominous One
Continue reading “Walmart, Target Unleash Price-Cut Tsunami As Working-Poor Hit Brick-Wall”
