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The John Batchelor Show

#MrMarket: The US economy observed from a Lancaster County Costco's. Jim MCTague, Former Washington Editor Barrons

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 4 March 2023

⏱️ 10 minutes

🧾️ Download transcript

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#MrMarket: The US economy observed from a Lancaster County Costco's. Jim MCTague, Former Washington Editor Barrons
https://www.msn.com/en-us/money/companies/costco-still-showing-strength-despite-discretionary-spending-pullback-analysts-say/ar-AA18b8zg

Transcript

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0:00.0

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Visit workspace.co.uk.

0:34.0

This is CBS Eye on the World.

0:36.5

Here's John Batchler.

0:39.5

The American economy turns on the American consumer.

0:42.5

And nowhere is the American consumer more vivid, more indicative than at Costco.

0:48.5

So I welcome Jim McTay, the former Washington editor of Baron's magazine.

0:54.0

Now a detective of Costco.

0:56.5

Jim lives in Lancaster County, Lucky Fellow.

0:59.5

And he travels to the Costco, not only to make purchases, but to study human nature because that is the American economy.

1:06.5

We start with, there's a barn apparently built in the driveway and parking lot at Costco and filled with hay.

1:15.5

This is Lancaster County. That's a clue. Jim, what is the barn for? Good evening to you.

1:21.0

Good evening, John. It's for the Amish.

1:23.5

We have a huge Amish population in Lancaster County, Pia.

1:28.5

You know, horses and buggies and homes without electricity.

1:32.5

And yet the families like to shop at Costco.

1:37.5

You know, they have large families with seven, eight, nine kids.

...

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