This Economy is Toast

Sharing is Caring!

by Chris Black

Here’s the deal:

Most of those ships were forced to turn back and return to China. The window to sell the inventory this year blew by. The companies just wrote the orders off as a loss to reduce their taxes.

Once that happens, they can’t take delivery. Once the stuff gets back to China it will just go on Alibaba for sale as bootleg merchandise, even though it is “real”.

See also  Interest cost projections on US national debt. Assuming that our economy will continue to grow and does not turn into stagflation. Printing trillions in a short time does not go without consequences

Do you know the difference between the $900 Air Jordans they sell in the mall and the $60 Air Jordans you buy from Vietnam through a shady dealer? There is no difference other than the $840 you spent to be cool.

We are primarily funded by readers. Please subscribe and donate to support us!

Why would you order and ship products you can’t make money on?

Big public retailers are making record margins, the companies selling to them, not so much.

See also  Germany, Europe's largest economy with a center-left green-liberal government, officially enters recession. Who is next?

If you aren’t publicly traded where you can use fraud to pump your share price, there is no point in being in business. 90% of what sits on big retail shelves outside Walmart, exists only to support inventory stuffing stock fraud.

You can put a checkmark on an item at Dick’s Sporting Goods and go back a year later and that same product will still be sitting there.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.