But Target’s stock went on a nine-day losing streak and hit a three-year low this week because of broader changes in the US economy, the possibility of a recession, and Target’s over-exposure to discretionary merchandise, according to corporate executives and retail and investment analysts.
Wait, I'm confused now. I thought the economy was amazing, there was no chance of a recession and people had tons of discretionary money. That's what the White House says, and CNN/MSNBC/etc. keep telling me to listen to Biden and not believe my lying eyes. Which is it?
Wait, I'm confused now. I thought the economy was amazing, there was no chance of a recession and people had tons of discretionary money. That's what the White House says, and CNN/MSNBC/etc. keep telling me to listen to Biden and not believe my lying eyes. Which is it?
Schrodinger's economy.
It is both thriving and failing whenever convenient.
This is nice and works for a lot of stuff. Schroedinger's Threat to Democracy.
[One election season passes]