Americans are not happy with Joe Biden's economy. Soaring prices and concerns about Biden's strategy for fighting COVID have undermined Americans' confidence in the economy. The Conference Board reported that consumer confidence fell from 125.1 in July to 113.8 in August, the lowest level since February. The report stated: The Conference Board Consumer Confidence Index® declined in August, following a decrease in July (a downward revision). The Index now stands at 113.8 (1985=100), down from 125.1 in July. The Present Situation Index—based on consumers' assessment of current business and … [Read more...]
Archives for September 2021
INFLATION: How Much is a Dollar (Store) Worth?
Dollar stores are among the first to see trouble ahead from inflation in dollar prices. The Financial Times reports: Dollar stores have spread rapidly across the US since the Great Recession, pulling in cash-strapped consumers with their 21st-century twist on the “five and dime” model Woolworth popularised a century earlier. Dollar General now operates almost 17,800 stores and Dollar Tree has more than 15,900, compared with Walmart’s 4,740 larger US outlets. Close to 2,000 new dollar stores are expected to open this year, according to Coresight Research. That represents almost half of … [Read more...]
- « Previous Page
- 1
- …
- 4
- 5
- 6