According to media, year over year black Friday sales are down 28%.
Without free money from the government, it seems like purchasing is down. Who could have guessed?
To add fuel to the fire, small businesses panicked and over ordered inventory, creating a potential economic disaster ahead. What if people just don't spend? What will happen to businesses with merchandise that doesn't move?
I see an epic price deflationary shock ahead, beating Black Friday sale prices as small businesses try to avoid bankruptcy.
To learn more of what small businesses are doing with inventory check out the link below, and economic data showing inventory RISING by a full 1% last quarter as the popular story is exhausting inventories. The reality is the world shifted consumption patterns, and the just in time production line is in chaos. Items being scarce is a reflection of we are eating home, buying things at home, causing strain on those items. Debt is rising at a historic rate.
Save you $$$, fire sales ahead.
Supply Chain Problems Have Small Retailers Gambling on Hoarding https://nyti.ms/3FZ3T0t
It is the ultimate game of chicken to ride the bull before the bear takes over.
https://websurfinmurf.blogspot.com/2021/11/ultimate-game-of-chicken.html
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