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Rebel Capitalist News

News: Food Spending is Getting Out of Control

Rebel Capitalist News

George Gammon

Thrive, Wealth, Gold, Finance, Macroeconomics, Education, Protect Wealth, Real Estate, Learn, Business, Investing, Government, Economics, How To

4.71K Ratings

🗓️ 10 June 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom. ✅Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro ✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

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0:00.0

Love fellow Rebel Capital Soap, you're well.

0:02.6

So we have got an incredible chart from the Wall Street Journal that shows food costs going

0:08.8

parabolic.

0:10.5

And it's not just food costs, maybe more specifically food spending.

0:16.0

And there is a difference, let's get right into this Wall Street Journal article, go over the data, and then connect the dots. I think this goes right back to the

0:26.1

Bullwhip effect, which is something we've been talking about this channel, talking about on this

0:30.4

channel for well over a year.

0:34.3

Let's get over this Wall Street article.

0:35.6

Check this out.

0:36.5

Here we go.

0:37.2

The unlikely new real estate darling, restaurants

0:41.1

and see what they're doing here is they're not just saying oh food costs or

0:44.3

skyrocketing that means people's budgets are going to have to change quite

0:50.0

substantially means people are is great for real.

0:54.0

They're saying no.

0:55.0

The fact that food costs are skyrocketing and people have to take a bigger and bigger percentage

1:00.1

of their overall paycheck and allocate the food means that this is great for real estate.

1:08.4

Of course they're looking at it from the angle of people choosing to spend more money on food going out as

1:16.0

opposed to eating in.

1:18.2

But you can draw conclusions about the bullup effect as well even though they're kind of indirectly doing it

1:25.6

throughout this article. So they say low unemployment rising wages and lifestyle

1:29.7

of millennials have increased dining away from home spending.

...

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