It Was the “Strong” Economy That Was Transitory – Ep 812
The Peter Schiff Show Podcast
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Target, Target's Earnings Bombshell
Target reported an increase of sales. Revenues were up about four % but profits plunged by, i think, 52%. Inflation was driving up costs. Customers just didn't have enough money left over to buy the higher priced, bigger margin, big ticket items that target is hoping to sell. Now i believe we're already in recession. We'll see if we get official confirmation with a negative print for c two. We've already got one negative print in the bag for c one.
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