Warning on USA Economy in 2nd Half of 2023

Presented by:

Dr. David K. Ewen

Some of the biggest retail chains in the United States, such as Macy's, Costco, and Dollar General, are seeing a significant change in customer behavior. Shoppers are no longer frequenting these stores as often as they used to, and their purchasing habits have shifted. Experts are worried about the implications this change may have on the US economy.

The numbers speak for themselves: Macy's has reported a decrease in annual profit and sales forecasts, with same-store sales plummeting by 8.7% last quarter. Costco has noticed that customers are opting for more affordable meats like chicken and pork, instead of more expensive options like steak and beef. Even Dollar General, a store that caters to lower-income families, has seen a decline in sales of non-essential items. These changes indicate that consumers are cutting back on non-essential spending, which could lead to a potential economic slowdown. 

It's crucial for policymakers and economists to keep a close eye on these shifts in consumer behavior and adjust economic policies and strategies accordingly. The changing landscape of consumer habits among these retail chains is a warning sign that proactive measures are needed to address potential economic challenges. The US economy's health is at stake, and we must remain vigilant.

Comments

Ambassador Professor

Introduction Have you ever heard of the fascinating profession of an Ambassador Professor? It's a unique role where one person takes on the responsibilities of both a diplomatic ambassador and a university professor. In this capacity, they represent their country as an official envoy while also engaging in academic and educational pursuits. Imagine being able to balance the demands of international diplomacy and the world of academia simultaneously. That's the life of an Ambassador Professor! People Don't Know The value of Ambassador Professors may not be evident to everyone due to several factors that hinder their recognition: 1. Lack of Awareness: Not everyone knows what an Ambassador Professor does. The combination of diplomatic duties with academia is not common knowledge outside these circles. As a result, people may not grasp the importance of this role. 2. Limited Visibility: Ambassador Professors work behind the scenes, often unnoticed by the public eye. Their contr...

Courage and Determination - A Chapel in the Making at Enterprise College

RE : Courage and Determination A Chapel in the Making at Enterprise College To Whom It May Concern & to our Global Partners Life in international communities and global business is full of unexpected twists and turns, and sometimes we are presented with unexpected challenges that we did not anticipate or desire. However, it is important to remember that these challenges can also present opportunities for growth and development. Enterprise College has announced a Christian-based initiative to support an international effort to provide Asian and Middle Eastern communities with a Christian faith-based experience. This announcement comes in response to recent events that occurred on Friday, March 24, 2023, which have highlighted the need for greater support and understanding of different religious and cultural traditions . The initiative aims to promote greater understanding and acceptance of Christianity, particularly within communities where it may not be widely pra...

Impact of Illegal Border Crossings from Mexico to the United States

Impact of Illegal Border Crossings from Mexico to the United States The issue of illegal border crossings from Mexico to the United States is an issue that has been heavily debated in recent times. This essay will explore the economic, social and political impact of illegal border crossings from Mexico to the United States. It will analyze the implications of this phenomenon and explore how it has shaped the United States in the past and how it will shape it in the future. According to PM Orrenius’s research in the Economic and Financial Review-Federal Reserve (2001), illegal border crossings from Mexico to the United States has had a profound economic impact on both countries. In the US, illegal immigrants are typically concentrated in lower-wage occupations, and are less likely to be unionized than native-born workers. This has resulted in a decrease in wages for some American workers, particularly those in the same industries as undocumented workers. On the other hand, the influx of...

Enterprise College

Search This Blog