Ripped From The Headlines, March 13, 2024
Family Dollar To Close 1000 Stores, Global Fuel Prices Surge, Inflation Isn't Transitory - Read, Share, & Subscribe - SherlocExposes.com
What if…
You would have known what was going to happen with the banking crisis…
You would have known the US government's plan for #CBDC…
You would have known about how the surveillance state was going to be weaponized against you…
A year before they happened?
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“America’s penny-pinching is starting to hit dollar stores.
Dollar Tree, which operates roughly 16,700 locations including the Family Dollar chain, said it would close nearly 1,000 Family Dollar stores over the next few years as it battles merger indigestion, inflation, and store theft.
Persistent inflation and reduced government benefits are pressuring customers, particularly at the lower-income levels, at the Family Dollar chain, executives said Wednesday. Family Dollar caters to low-income shoppers selling everything from $1.25 cans of tuna to $30 air fryers.
‘Family Dollar is a victim of the macro environment out there,’ Chief Executive Rick Dreiling said Wednesday, citing still-accelerating levels of inventory loss and theft. ‘But again, I come back to a well-run Family Dollar is a very, very powerful retail format.’
Executives at McDonald’s on Wednesday also said cash-strapped consumers are pulling back in 2024. Lower-income consumers increasingly have spent their savings and are turning to grocery stores instead of restaurants, McDonald’s finance chief, Ian Borden, said at an investor conference. ‘Some of those consumers are just choosing to eat at home more often,’ he said.”
THINGS TO PONDER:
Dollar stores were supposed to be prime for difficult economies…
But it looks like those who tried to consolidate the industry underestimated what was actually going to happen.
Now, we’re starting to see the fallout.
Badly run cities make bad neighborhoods worse…
Then, the few providers that choose to serve those neighborhoods get robbed so much that they can’t stay in business…
… and you end up with a story like the one we’ve just shared.
When the lady with the bomb diffuser jacket is running, you should probably keep up.
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“Disruptions on the world’s major trade routes, refinery closures and resurgent demand are pushing up global fuel prices and making forecasts difficult in the run-up to a US presidential election in which inflation will be a key issue.
Increases in the two most-consumed fuels are outpacing those for crude oil in some of the world’s most important markets. US gasoline futures have jumped sharply in recent weeks — thanks, in part, to the summer specification switch, and are now up by more than a fifth so far this year, while diesel in Europe has risen 10%. Refiner profits are also above seasonal norms in many regions, a sign of tightness as the summer travel period approaches.
Interruptions to fuel production — a combination of scheduled work, unplanned outages and drone attacks on Russian facilities — have been lifting prices. They’ve come on top of higher shipping costs caused by Houthi attacks in the Red Sea and drought at the Panama Canal, as well as the supply-chain ructions spurred by Western sanctions on the Kremlin.
And while more than a million barrels-a-day of new refining capacity is set to come online this year, these projects are notoriously prone to delays. The various moving parts are making it tough to forecast how much fuel will be available in a year where global oil demand is set to break another record and voters in the world’s largest economy will head to the polls.
There’s a risk that premium gasoline prices could reach a multi-year high this year, said Mukesh Sahdev, head of oil trading and downstream research at Rystad Energy AS.
‘There’s not a lot President Biden can do in time for the election, if this happens,’ he said. ‘Strategic petroleum reserves are low, and there are few levers for the US government to pull to lower gasoline prices.’”
THINGS TO PONDER:
While we’ve heard every excuse in the book defending “why the economy is OK.”
But the real answer is in the last paragraph of the store we just shared:
“Strategic petroleum reserves are low, and there are few levers for the US government to pull to lower gasoline prices.”
And why are they low?
Because Joe Biden sold them off.
So… who’s the real enemy?
Know Your Foe.
Click Here to read the full story.
“Treasury Secretary Janet Yellen said she regrets describing inflation in 2021 as ‘transitory,’ the term several Federal Reserve and Biden administration officials used to describe the pandemic-induced price surges they initially thought would be temporary.
‘I regret saying it was transitory. It has come down. But I think transitory means a few weeks or months to most people,’ Yellen said during an interview with FOX Business Network’s Edward Lawrence on Monday.
Treasury spokesman Christopher Hayden said in an email to The Hill that this was not the first time Yellen expressed regret for calling inflation ‘transitory,’ which she previously said during an interview with WBUR in January.
Headline inflation fell to 3.2 percent year-over-year in February from its 9.1 percent peak in June 2022, a significant improvement but still higher than the Fed’s mandate to keep price increases to 2 percent annually.
Fed Chair Jerome Powell, who was also dinged for initially calling inflation transitory, and the central bank have hiked interest rates from near-zero in March 2022 to a range of 5.25 percent to 5.5 percent to try to curb inflation by cooling demand.
While many economists feared the rate hikes could push the economy into a recession a year ago, it now looks like the U.S. economy could be coming in for a rare ‘soft landing’ the term for slowing down the economy just enough to bring down high prices without triggering a recession.
THINGS TO PONDER:
We already knew that inflation wasn’t transitory…
But, when you combine it with the insanity of “Headline Inflation,” you miss the part where real inflation is closer to 15-20%.
Funny how it’s just fine to back out food & energy to give you “economic numbers” even though they are linchpins for the economy…
Do you see how you’re lied to?
Then, this woman tries to apologize to us peasants…
Protip: Don’t look for a soft landing.
Brace For Impact.
James Wesley, Rawles, publisher of SurvivalBlog.com has put together a “bookshelf” list of key things you should have. CLICK HERE to access the list.
Plus a recap of the 50 things you should have handy to barter.
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