Nov 30, 2022
Summary:
This Black Friday didn’t look quite like last year’s, so I sit down
and chat with Eddy Gifford to discuss the shift in shopping habits.
Given the adjusted inflation numbers, online sales are not up in
the way that businesses want us to think they are. As foot traffic
declines, we’re starting to see the destruction of demand, which
also means that employment will start to go up. Ultimately, things
are going to get worse before they get better. Tune to get a
glimpse of what’s to come in 2023.
Highlights:
-Black Friday is not what it used to be; the retail sector has
spread out Black Friday promotions
-Online sales are not actually up given the adjusted inflation
numbers
-We’re not seeing the same foot traffic we used to in stores
-We’re seeing the destruction of demand, which means employment is
going to start going up
-Treasuries have started to retreat
-The first/second quarter of next year are probably going to be
ugly
-We probably haven’t seen a bottom occur yet, and. things are going
to get worse before they get better
-The economy may have impacted the election in terms of Democrats
attacking Roe v. Wade
-The idea of the Fed easing at the perfect time may not be
feasible
Useful Links:
Financial Survival Network
Tactive