A key metric in the data released by Wal Mart is not their upfront sales and profit. It is their key performance indicator (key performance indicator) of 6% same store sales (excluding fuel). This is a significant increase in sales of 6%, yet the outcome is a decrease in profit.
Consumer confidence continues to drop
- Consumer confidence slipped for the third straight month in July as sky-high prices dampened demand for products and services
- The Conference Board’s consumer confidence index, which tracks consumer attitudes and buying intentions, dropped from 98.4 percent last month to 95.7 percent in July, its lowest level since last year.
The Green New Deal
- As the economic situation continues to unfold, new terminology will be adopted to hide and disguise reality.
We are in an era of great pretending
- Our economy is being intentionally guided into a declining status in order to bring forth the "transition" they desire
- The problem is not their actions, but our willingness to pretend they are not doing it
- As long as denial remains a survival mechanism, no corrective action is possible
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