Walmart CEO says the D word out loud… deflation coming

[iamwhatiseem]

Absolutely nothing... That's not what MAGATs scream.

Did your bong fall over this morning? Forgot to finish this post before you trolled it?

 

[Nostra]

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

So it hasn't happened yet, and you are already sucking Tater's shriveled junk.

Cult gonna cult.

 

[Dont Taz Me Bro]

The only people scared of deflation is Wall Street bankers.

Deflationary cycles are harmful and can be quite difficult to get out of. Japan was stuck in one for years.

 

[iamwhatiseem]

So it hasn't happened yet, and you are already sucking Tater's shriveled junk.

Cult gonna cult.

citygator is only slightly... slightly better than JoeB1. Both are media sheep and trolls.

 

[iamwhatiseem]

Deflationary cycles are harmful and can be quite difficult to get out of. Japan was stuck in one for years.

For doing the same things that our government has done for the past 30 years.
Only reason why we haven't fell to that level as fast, is the sheer size of the American economy and that the world uses our currency. But that is also ending

 

[there4eyeM]

The coming "deflation" has everything to do with those who jumped at the excuse to raise prices unnecessarily upon the rumors of inflation. When consumers consequently reduced spending and quit buying from the exploiters, it became obvious a reduction in prices would be in the cards. Meanwhile, large amounts of capital was extorted by the profiteers.

 

[jknowgood]

The sheer brain dead of some people is mind blowing.
FFS - of COURSE prices are going to go down. And there is a series of reasons why that is, and none of them have even the slightest bit to do with the Biden administration.
Particularly food prices which are still at their highest levels in over 50 years. It doesn't a genius to know that the rise in those prices was going to slow down. And some deflation is certain to happen just like it does after every serious inflationary period. (which really isn't deflation)
If an apple cost $.18 five years ago.
Then over a 3 year period it went to .$30.
On the 4th year the quick rise in price slowed, but it is still $.31.
On the 5th year whatever reasons that set the inflationary pressure is gone, and by the end of the year the apple is now $.30
And you guys want to celebrate the $.30 as if it is a major accomplishment and praise a person who had nothing to do with it.
Cause - you really are this stupid.

Well they dod claim people going back to their old jobs as job creation.

 

[Nostra]

Inflation in Oct was 3.2%...TWICE what President Trump handed off to tater.

 

[Crepitus]

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

It's already happening. Go buy a dozen eggs or a gallon of milk. Prices are way down.


And I agree with pknopp , the only people scared of deflation are Wall-Streeters.

 

[Crepitus]

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

Returning to normal profit margins isn't really deflation.

 

[Winston]

Please explain what Lost On Stage *Joe has done to lower inflation.
You can’t so you won’t.

:Calling for resources to help American farmers boost domestic food production in order to avert a potential global food crisis created by Russia’s unprovoked invasion of Ukraine; taking actions to crack down on illegal price fixing and enforce the antitrust laws in the meat and poultry processing sector; investing federal resources to create more competition in meat-processing; and providing over one billion dollars in relief to small businesses and agricultural workers hurt by COVID-19.

Bringing together business, labor, federal and state governments to address supply chain bottlenecks at ports; helping more workers find good-paying jobs in the trucking industry; taking on unfair practices by global shipping companies; implementing the historic Bipartisan Infrastructure Law, which will mean goods move to market more quickly and cheaper; and fostering new investments in the United States for critical goods that drove up inflation during the pandemic,

Calling on Congress to invest in lowering the cost of child care and long-term care, saving families thousands of dollars per year. Child care is one of the biggest costs that families with young children face, and care investments will lower prices across the economy over time by making it easier for parents and others with care responsibilities to join the workforce and be more productive.

The Biden-Harris Inflation Plan: Lowering Costs and Lowering the Deficit | The White House

The United States is in a stronger economic position than any other major advanced economy in the world. At the same time, inflation is too high and is putting a strain on working families. The President’s top economic priority is tackling inflation and reducing costs for American families – so...

www.whitehouse.gov

 

[Harpy Eagle]

Returning to normal profit margins isn't really deflation.

Define "normal"

 

[Crepitus]

Define "normal"

I'd arbitrarily say pre pandemic margins.

Note. I say margins, not prices.

 

[Care4all]

Retailers can make the same profit dollars, with lower prices by increasing sales of the items.

Why do you think retailers have Sale Events, selling items for less? To make less profit? Heck no!

But from what I've read, persistent deflation causes people to buy less....because consumers see prices going down each week, they hold off on purchasing items, because they think prices will fall even more, and don't want to get ripped off by paying the higher price.

And persistent inflation, gives an urgency for the consumer, to Buy Now! Buy before the item price goes up even more!

 

[Nostra]

It's already happening. Go buy a dozen eggs or a gallon of milk. Prices are way down.


And I agree with pknopp , the only people scared of deflation are Wall-Streeters.

3.2% inflation is deflation in your world?

 

[Nostra]

Returning to normal profit margins isn't really deflation.

What is a normal profit margin?

 

[Nostra]

According to ECI, inflation-adjusted wages have shrunk by 3.7 percent since the end of 2020. While real wages rose in response to falling energy prices late last year, they have been roughly flat since. Worse, the drop in real wages erased all gains made in the late 2010s. Real wages today stand at 2015 levels, meaning Americans’ paychecks don’t go any further now than they did eight years ago.

Why Americans Dislike the Economy

With real wages at 2015 levels, life milestones, such as buying a home, are increasingly unachievable.

www.city-journal.org

 

[iamwhatiseem]

Well they dod claim people going back to their old jobs as job creation.

As well as ignore the Covid job losses during Trump.
You see it all the time.

 

[Nostra]

And yet, citizens are unhappy with the economy. According to a New York Times–Siena poll, 81 percent of registered voters described the condition of the economy as fair or poor, and only 19 percent called it good or excellent. Another poll, conducted by the Financial Times and the University of Michigan, found that a majority of voters said that they are worse off under President Biden then they were before, and only 14 percent said that they are better off. By a 59 percent to 37 percent margin, the Times–Siena poll found voters trusting Donald Trump more than President Biden on the economy.

 

[Crepitus]

So it hasn't happened yet, and you are already sucking Tater's shriveled junk.

Cult gonna cult.

Ykies, it's barely 10 AM and they're already at it!

EVERYBODY DRINK!!!