Walmart CEO says the D word out loud… deflation coming

[1srelluc]

---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

Thanks, you are making my point.

Or what, did you think they were thinking of leaving because the chi-com's economy is booming?

 

[lennypartiv]

Thanks, you are making my point.

Or what, did you think they were thinking of leaving because the chi-com's economy is booming?

It's many factors. A company I previously worked for regularly had supply chain issues AND quality control issues with products coming from China.

 

[1srelluc]

It's many factors. A company I previously worked for regularly had supply chain issues AND quality control issues with products coming from China.

They could not be any worse that sub-continent H2B coders.

 

[lennypartiv]

They could not be any worse that sub-continent H2B coders.

AI will fix everything.

 

[1srelluc]

AI will fix everything.

Just have stairs.....They squeal like pigs.

 

[iamwhatiseem]

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

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

fortune.com

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.

 

[LAUGHatLEFTISTS]

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

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

fortune.com

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

 

[citygator]

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.

Basically you are saying Biden had nothing to do with inflation or deflation. I respect that opinion. But if you think he has a hand in inflation you have to give him credit for stopping and reversing it.

 

[citygator]

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

CHIPS act, Inflation reduction act. Next question.

 

[pknopp]

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.

True. The same as those who want to blame one that had little to nothing to do with it.

 

[LAUGHatLEFTISTS]

CHIPS act, Inflation reduction act. Next question.

Hahahaha.

 

[Moonglow]

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

It's been shitting the bed for several years now.

 

[LordBrownTrout]

Normally, a responsible govt will pay off debt when inflation occurs. Did this happen?

 

[Harry Dresden]

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.

do you and banker compare notes for the day?....

 

[Blaster]

https://www.cnn.com/2023/11/18/economy/deflation-falling-prices-explained/index.html

 

[citygator]

It's been shitting the bed for several years now.

It’s their own fault. Businesses can find better prices and less government infliuence in other countries. Additionally covid showed the dangers of not being diversified with too much exposure in a country that had to shut down. My company has significantly moved business from China.

 

[citygator]

https://www.cnn.com/2023/11/18/economy/deflation-falling-prices-explained/index.html

Just goes to show people will cry about the sky falling with higher or lower prices… or even prices not changing.

 

[iamwhatiseem]

True. The same as those who want to blame one that had little to nothing to do with it.

Not so true.
Both Trump and Biden contributed to this with the Covid insane over reaction and massive Covid giveaways. When the warning signs were screaming and blinking neon red non stop that all these shutdowns and covid giveaways was going to hand the nation a big fat price tag for those policies - Biden only doubled-down and extended them twice.
There is no way you or anyone can say that Biden played no part in this inflation. Now that all of it is over, and the return to some sane sense of an economy is returning - however - that has zero to do with anything Biden has done. Absolutely nothing.

 

[Moonglow]

It’s their own fault. Businesses can find better prices and less government infliuence in other countries. Additionally covid showed the dangers of not being diversified with too much exposure in a country that had to shut down. My company has significantly moved business from China.

They also blew their wad on investments in nations that can't pay.

 

[Moonglow]

Not so true.
Both Trump and Biden contributed to this with the Covid insane over reaction and massive Covid giveaways. When the warning signs were screaming and blinking neon red non stop that all these shutdowns and covid giveaways was going to hand the nation a big fat price tag for those policies - Biden only doubled-down and extended them twice.
There is no way you or anyone can say that Biden played no part in this inflation. Now that all of it is over, and the return to some sane sense of an economy is returning - however - that has zero to do with anything Biden has done. Absolutely nothing.

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