ECONOMICS

Authored by Mark Gilman via The Epoch Times (emphasis ours),

Lackluster consumer confidence is negatively affecting discount retailers such as Dollar General and Big Lots. Dollar General’s shares dropped 32 percent on Aug. 29 after the company admitted in its earnings report that lower-income customers are still struggling, while Big Lots’s fortunes are in a tailspin.

A sign is posted in front of a Big Lots in Hercules, Calif., store on June 7, 2024. Justin Sullivan/Getty (more…)

Authored by Peter St. Onge via Money Metals,

From taxes to spending, Kamala is the most left-wing major party candidate since George McGovern — who proposed a Universal Basic Income in 1972 and went on to win a single state.

But her most hare-brained scheme — so far — has been price controls, where she's to the left of McGovern, threatening to punish grocery stores for daring to charge more than their costs.

In fact, grocery stores make 1 to 2 pennies on the dollar. (more…)

Authored by Michael Snyder via The Economic Collapse blog,

How many times have you heard the mainstream media tell you that the economy is doing just great in recent months?  Personally, I have seen the word “booming” used over and over again to describe the economy, and it makes me sick.  The level of gaslighting that we are witnessing right now is off the charts.  Millions of Americans are sleeping in their vehicles, thousands of businesses are failing all over the nation, and (more…)