I was told repeatedly it was "transitory". I trust "the science" of economics. I don't understand, the fed has our best interests at heart, so they must know something we don't.
Frankly i don't know how big lots didn't go bankrupt 10 years ago.
It has low traffic, pricing is not competitive, it can't compete with dollar stores or walmart. It wasn't filling any niche.
There's nothing for sale that you think "yeah i'm going to go get that from Big Lots."
Also, the store was just surviving off debt and stealing capital from stockholders.
Even during 20% off sales the pricing was still not competitive.
Around 2010, the store had good deals on pantry items. It could beat out dollar stores and walmart. Then around 2015 or so they tried to make crappy furniture the central theme of the store. Took up too much floor space and probably lost market share to ikea and amazon.
I do not think that Big Lots is a gauge or pulse on the entire economy. Therefore this article shouldn't be extrapolated out so much that you use it to form some greater thesis about the entire economy. Big Lots was just a poorly managed corporation that had poor leadership from 2010 onwards and couldn't protect its market-share, find a niche or stay competitive.
My concern with crypto is that the government still controls the access points to crypto (banking system, taxes, etc) so its not a true alternative. Its just something that exists by government permission.
For instance, the government can easily tax crypto gains (they do) to an absurd percent or require banks to report all crypto purchases.
Higher than anticipated?
Nope.
We are really close to the halfway point of inflationary reaction to the amount of money printed in 2018-2020. Not counting 2023.
It gets worse before it gets worse.
I was told repeatedly it was "transitory". I trust "the science" of economics. I don't understand, the fed has our best interests at heart, so they must know something we don't.
We've been told, the Jews at the Fed Reserve are doing God's work.
Which God?
Hashem
Shit
All we have to do is let them print infinity more dollars and then everyone will be rich!
Frankly i don't know how big lots didn't go bankrupt 10 years ago.
It has low traffic, pricing is not competitive, it can't compete with dollar stores or walmart. It wasn't filling any niche.
There's nothing for sale that you think "yeah i'm going to go get that from Big Lots."
Also, the store was just surviving off debt and stealing capital from stockholders.
Even during 20% off sales the pricing was still not competitive.
Around 2010, the store had good deals on pantry items. It could beat out dollar stores and walmart. Then around 2015 or so they tried to make crappy furniture the central theme of the store. Took up too much floor space and probably lost market share to ikea and amazon.
I do not think that Big Lots is a gauge or pulse on the entire economy. Therefore this article shouldn't be extrapolated out so much that you use it to form some greater thesis about the entire economy. Big Lots was just a poorly managed corporation that had poor leadership from 2010 onwards and couldn't protect its market-share, find a niche or stay competitive.
Best to put some of your wealth into crypto. It will be the money of the world in the coming years.
Governments and banks have failed to stay honest and have destroyed the currency.
The best crypto right now is Monero, fully decentralized and private by default. No one can stop you from sending money to anyone else.
https://moneromeans.money
My concern with crypto is that the government still controls the access points to crypto (banking system, taxes, etc) so its not a true alternative. Its just something that exists by government permission.
For instance, the government can easily tax crypto gains (they do) to an absurd percent or require banks to report all crypto purchases.
They can also require you to take toxic injections but you do not have to do it.
Monero is private so you can disclose only what you feel is safe and comfortable for you to do.