Caught up in the brick-and-mortar meltdown, it faces its own botched decisions and a market that has horribly turned against its pharmacies.
The debt-fueled property & construction bubble that drove its growth turns into a huge explosive mess with an enormous amount of debt.
These mega rate hikes likely have Putin’s support because inflation can become a political bitch.
The Everything Shortage worms into social media and internet advertising. Facebook and Google better walk that back pronto.
Maybe house-flipper Zillow saw something in its data when it decided to stop buying houses.
Wages are heating up. And it’s also now starting to show up in the data: The wage component in the fuel for persistent big inflation.
My take on a massive mess.
“Greatly concerned” that inflation “will not prove temporary.”
Profit fell despite price increases, more price increases coming to a shelf near you. “We do not anticipate any easing of costs.”
Industrial production over the long term is a sad sight, powered by offshoring.