Recession Alert: The Crash Of Target & Walmart
 

These videos are always bullshit.

You can pretty much take anything and twist it around into something bad. Right now Republicans are bitching about inflation and the price of gas; Inflation is the result of our economy going from zero to hero in a matter of months and will solve itself eventually (it always does) and the price of gas is because of a number of factors including the fact that our economy is booming while we have record unemployment.

NPR reported that Walmart lost some $19 billion in stocks yesterday. And? Walmart is still open today, will be turning a profit next month, and turning a profit next year. Walmart isn't going to crash and fail. Nor is Target.

Right now this a very difficult time. The recession in 2006-2007 caused a lot of problems and turned the housing market upside down. Ten years (plus) later we had COVID which shut down the world economy. You don't shut down the world economy and then quickly restart it and everything is peachy; That's now how the global economy works.

It pains me to say that I agree with Rochard.

Hysterical videos are usually bullshit.

Regardless, a recession isn't necessarily a bad thing in a capitalist economy. The US and other first world nations around the world artificially created a TON of demand while supplies dried up - if supplies don't catch up sooner rather than later, then we will go into a recession. If they do, then we won't. Economics 101.

Interest rates cut both ways. When rates go up, bonds become more attractive and investors move money out of stocks.