Despite growing evidence of systematic bank risks associated with the Fed’s aggressive rate hikes over the last year, Powell hikes another 25 bps anyhow, citing labor pressure as the culprit. However, in the real world, labor conditions are already improving.
Dollar General Continues Bringing Value to Discount-Hungry Consumers
4Q22 comp sales of +30% for Dollar General’s Value Valley set ($1 price point items) reflect their customer’s financial condition, especially when compared to the chain’s overall comp growth of just +5.7%.
Casey’s General Stores Reports Strong Fiscal 3Q23 Results
Casey’s customers are driving less, but eating more pizza & drinking more energy drinks…
What Does the End of the Petrodollar Mean?
The Saudi minister of finance announced that the Kingdom was ending the petrodollar. “There are no issues with discussing how we settle our trade arrangements, whether it is in the US dollar, whether it is the euro, whether it is the Saudi riyal”. Yikes!
Senator Kennedy Schools Country on Economics 101
We have a choice of how to tame inflation, cut government spending, or throw people out of work.
A “Soft Landing” For Our Economy Would be Great…
It is high time to recognize that what ails the U.S. economy is beyond fixes from the government and/or Fed.
This Week in Summary 12/16/2022
Fed Chair Powell’s comments during his recent Q&A (after raising the Fed Funds target range rate by +50 bps to 4.25% to 4.5%) were quite sobering to anyone willing to listen.
We Are Just Beginning to Understand the Full Cost of the Lockdowns
After locking down the country, the government tried to replace normal economic activity with $6 trillion in government transfers, leading to numerous unintended consequences.
3Q Results for Bloomin’, Texas Roadhouse & Cheesecake
Full serve restaurant sales performance is currently a function of customer demographics.
Dollar General’s CEO Comments
Comments from Dollar General’s CEO shed light on their consumer’s financial situations.