I realize that every day is the most important day, and every election is the most important election and so forth, but I have two points.
- First, I’m still stuck into the claim I made in 2011/2012 that Obama’s re-election was for all the marbles — the fact that he won in 2012 meant that Americans had seen Marxism up close and personal and still voted for more of it.
- Second, I just cannot shake this feeling that this year is warming up economic, international, and political debacles in a foul combination not seen in decades.
I don’t know what, I don’t know where, and in general, I am out of the prediction business. So allow me to scamper into the roadside weeds of “Gee, it looks bad,” rather than take a stand athwart six lanes of history.
Win or lose, we’re gonna get creamed.
EDIT: Alright, some links, in case you’re not as creeped out as I am:
Walmart warns that their recent positive numbers are due to people moving downscale from preferred stores into the People of Walmart experience.
This guy discusses warnings from Walmart and Home Depot as well as Miami house-punters getting wet before the crash:
Home Depot in particular serves as a poor man’s leading indicator of family buying power by attacking the jobber end of consumer-level long-lead projects, i.e., the guys who *work* building and refurbing houses have their own sense of where things are going. When Home Depot lays off, it means that contractions are coming in construction.
Recall that popularly-cited inflation figures do not include food and energy. Nonetheless, the Biden administration is now advertising that grocery prices “plummeted” in April. As several good accounts on Twitter have been asking, Did your food cost “plummet” in April? I bet it did not.
