Walmart CEO says the D word out loud… deflation coming

[citygator]

Now that Biden has tamed inflation the person most knowledgeable about pricing in the world is preparing to manage through deflation. I can’t wait to see the inflation hawks on here posts flip flop to start complaining about deflation.


“In the US, we may be managing through a period of deflation in the months to come,” Walmart Chief Executive Officer Doug McMillon told analysts on an earnings call Thursday.

Walmart shoppers could start to see deflation — or a decrease in prices — in dry groceries and consumables in the coming months, he said. General merchandise prices “came down a little more aggressively in the last few weeks or months,” he added.

Walmart CEO says high inflation has ended and that shoppers may soon encounter the polar opposite in stores: deflation | Fortune

That’s a big change from the decades-high inflation that hammered shoppers in the wake of the pandemic.

fortune.com

 

[pknopp]

The only people scared of deflation is Wall Street bankers.

 

[1srelluc]

It has a lot more to do with China's economy shitting the bed.

 

[Harpy Eagle]

The only people scared of deflation is Wall Street bankers.

And any company that produces items that will now be selling for less, thus reducing their revenue

 

[Godboy]

Now that Biden has tamed inflation the person most knowledgeable about pricing in the world is preparing to manage through deflation. I can’t wait to see the inflation hawks on here posts flip flop to start complaining about deflation.


“In the US, we may be managing through a period of deflation in the months to come,” Walmart Chief Executive Officer Doug McMillon told analysts on an earnings call Thursday.

Walmart shoppers could start to see deflation — or a decrease in prices — in dry groceries and consumables in the coming months, he said. General merchandise prices “came down a little more aggressively in the last few weeks or months,” he added.

Walmart CEO says high inflation has ended and that shoppers may soon encounter the polar opposite in stores: deflation | Fortune

That’s a big change from the decades-high inflation that hammered shoppers in the wake of the pandemic.

fortune.com

Yeah man, things are great under Biden.

 

[beautress]

It has a lot more to do with China's economy shitting the bed.

After all the corruption, many people are reading labels before they buy to make sure the product was not made in corrupt China. It doesn't pay to play with the American people who are tired of corruption and the high prices it procures as well as the disenchantment with monkey business going on, destroying people's trust and loyalty.

 

[pknopp]

And any company that produces items that will now be selling for less, thus reducing their revenue

Capitalism.

 

[Harpy Eagle]

Capitalism.

And capitalism does not do well with deflation

 

[pknopp]

And capitalism does not do well with deflation

It is what it is.

 

[Bob Blaylock]

Now that Biden has tamed inflation…

Forget soft landing.. now people are saying Biden has pulled off no landing… the economy is staying strong with inflation dead.. welcome to the golden age of Bidenomics.

 

[citygator]

Yeah man, things are great under Biden.

Forget soft landing.. now people are saying Biden has pulled off no landing… the economy is staying strong with inflation dead.. welcome to the golden age of Bidenomics.

 

[1srelluc]

Forget soft landing.. now people are saying Biden has pulled off no landing… the economy is staying strong with inflation dead.. welcome to the golden age of Bidenomics.

 

[citygator]

View attachment 860321

You literally couldn’t construct a better arc for the US economy coming out of the Trump Flu pandemic. We are humming and you morons are being left behind.

 

[1srelluc]

You literally couldn’t construct a better arc for the US economy coming out of the Trump Flu pandemic. We are humming and you morons are being left behind.

Careful what you wish for.....Have you seen the debt load people are carrying these days?


Deflation would mean “businesses and households with debt are unable to pay back that debt as their sales and wages are falling due to the deflation,” Zandi said. “As defaults mount, the financial system caves. It's an ugly economy.”

MSN

 

[citygator]

Careful what you wish for:


Deflation would mean “businesses and households with debt are unable to pay back that debt as their sales and wages are falling due to the deflation,” Zandi said. “As defaults mount, the financial system caves. It's an ugly economy.”

MSN

AND THERE WE HAVE IT. Already moving from sky is falling inflation to sky is falling deflation. Predictable as a clock.

 

[1srelluc]

AND THERE WE HAVE IT. Already moving from sky is falling inflation to sky is falling deflation. Predictable as a clock.

I think you spoke too soon in your lame effort to prop-up your cult's misery.

 

[22lcidw]

The only people scared of deflation is Wall Street bankers.

Recessions/Depressions can be inflationary or depressionary depending on the whims the government wants to make it. We are a declining high tax nation with social programs that act as a cushion. England was in that situation in their decline. We suffered in a huge way during the 1930's as we were a low tax nation with very little social programs, and we were still a rising nation. COVID disrupted a lot of ways of living. Done on purpose to help get the swamp back into power. The routes and the resumption of production has caused the potential downturn in prices along with the downturn in oil prices. At least at the pump. The people who lost out with the inflation are not happy though. The war mongers are in control again. And they are happy as the corporatists are in the money.

 

[citygator]

I think you spoke too soon in your lame effort to prop-up your cult's misery.

My company just had another record year, paying record bonuses. This economy is working just like it’s supposed to… those at the top are getting rich and those at the bottom are able to make it month to month. Mission accomplished.

 

[CrusaderFrank]

Now that Biden has tamed inflation the person most knowledgeable about pricing in the world is preparing to manage through deflation. I can’t wait to see the inflation hawks on here posts flip flop to start complaining about deflation.


“In the US, we may be managing through a period of deflation in the months to come,” Walmart Chief Executive Officer Doug McMillon told analysts on an earnings call Thursday.

Walmart shoppers could start to see deflation — or a decrease in prices — in dry groceries and consumables in the coming months, he said. General merchandise prices “came down a little more aggressively in the last few weeks or months,” he added.

Walmart CEO says high inflation has ended and that shoppers may soon encounter the polar opposite in stores: deflation | Fortune

That’s a big change from the decades-high inflation that hammered shoppers in the wake of the pandemic.

fortune.com

You should write comedy for Jimmy Fallon!

 

[lennypartiv]

It has a lot more to do with China's economy shitting the bed.

---Many Firms Are Preparing To Leave China---

Not Everyone, But Many Firms Are Preparing To Leave China

American and European, as well as Japanese firms are pulling out.

www.forbes.com

---US Companies in China No Longer See It as Primary Investment Destination---

Survey: US Companies in China No Longer See It as Primary Investment Destination

For the first time in 25 years, members of the American Chamber of Commerce in China no longer consider China as a top three market as Washington-Beijing relations worsen and Chinese controls tighten

www.voanews.com