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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (497150)	8/21/2022 11:30:51 AM
From: Jamie153	Respond to of 542043

I'm at the 5 minute mark while I'm writing this. We have three retailers reducing prices fast, Walmart, Kohl's and Target. The headline is all we need. "Target's profit fell 90% as it got rid of excess merchandise this summer" This idea that a supply chain shortage caused inflation is iffy. Massive drops in prices are happening as we speak. Why? CEOs raised prices throughout the year and people stopped buying. In my area a pair of men's shorts at WMT range from $3 -7. They were around $30. They need to get rid of the summer stuff cuz winter is around the corner (in my area). Their choices are limited. Storing all this crap isn't possible so they have to sell, sell, sell. ' CEOs saw pent-up demand, raised prices, and now are forced to sell at a loss because they lost their summer sales and we're heading into another season. IMO, this is what dumb looks like. When you can't sell a used car you don't increase its price. Everyone knows this, except the highest paid CEOs in the world. I agree with what I'm hearing for far but so much of this was self-inflicted.

To: koan who wrote (497150)	8/21/2022 12:02:09 PM
From: Jamie153	Read Replies (1) \| Respond to of 542043

Finished listening. Without time to digest everything I'll do what I did during the pandemic. When no one was buying a car and they were giving them away, I bought a car. When shorts drop to $3 I'm buying shorts, etc. I expect CEOs to increase prices to the point where they can't sell anything and then be forced to drop prices. They're not hard to figure out. They repeat the same mistakes ad nauseam. We have the Internet. It takes seconds to search for a store that has something on sale. The food cost issue is a major concern. I eat food (not junk) so it's not a huge issue. I eat a lot of chicken and it's still cheap (fresh, not frozen) but I noticed the number of shoppers with full carts has declined a lot. Even the food stands around town where people can drop off food for those less fortunate are empty. I buy extra to fill at least one row - usually canned fruit, veggies, beans, tomato products (diced, sauce, puree, paste), etc. I know we'll disagree on the next part. If I were Biden I'd give Putin one week to pull out of Ukraine and then give them weapons so they could hit deep inside Russia. Ukraine would be doing it, not us.