6 ms·

Did he get this math from Ron Vara?

• tim333 1y ago
  It could actually make some sense - if Walmart spent their spare cash importing Chinese stuff before the tariffs rather than spending it on American stuff, I think that would have the effect of lowering GDP or domestic product. Presumably next month they'd stock up on American stuff which would cause a bounceback in the figures.
  • iAMkenough 1y ago
    Unfortunately there's more nuance, as some materials to produce American stuff can't be sourced domestically or imported affordably. Realistically we'll see a few giants pivot to less quality materials, many large and medium size businesses reduce their offerings, and a large amount of small businesses dissolving or filling for bankruptcy after not being able to weather the abrupt, completely voluntary supply chain disruptions across various industries.
  • Aloisius 1y ago
    Domestic investment spending, including retail inventory, was up quite a bit, so that seems unlikely. What dropped like a rock was consumer spending growth.
• fuzzfactor 1y ago
  Some people with a PhD can be the complete opposite of "advanced".