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Rebel Capitalist News

News: New Data Reveals A "Retail Apocalypse"

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

🗓️ 14 August 2024

⏱️ 16 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

Hello fellow rebel capitals hope you're well so I wanted to go over a recent report from Zeroheads it talks about a retail

0:07.9

Apocalypse their words not mine we compare this for some of the details to what we've been hearing from the likes of Home Depot,

0:16.3

McDonald's, Starbucks, Walmart. You can start putting these pieces of the puzzle together.

0:22.2

Remember a couple months ago, I'm going to hop over to

0:24.3

CNBC really quick before we get to Zero Hedge.

0:26.8

And we did a story or a video on this article.

0:31.5

Our consumer's pulling back on spending, it depends on which CEO you ask.

0:37.2

So this was back in May, but we're starting to see more and more CEOs say yes, we're definitely see a pullback and they're using much stronger

0:46.4

language on these earnings calls in fact you guys watched my video the other day we

0:51.7

went over this report from Zero Hedge where some words like

0:56.3

consumer demand, consumer demand declining, those were right at the top my head, I know they

1:01.4

used some others, were at the highest levels

1:03.6

that we've seen on these earning calls since the GFC and some even a lot higher. But this was when we were

1:10.7

talking about Pepsi and we were talking about Pepsi we were talking about let's see we had

1:16.2

Pepsi McDonald's Starbucks Home Depot and Home Depot it's obviously gotten worse we

1:20.9

did a video on that the other day and then Delta Airlines bucked the trend, but as I've heard

1:27.4

recently they're seeing demand for flights start to go down considerably.

1:33.9

Now it may be due to the insanity

1:38.0

at Delta Airlines itself, such as,

1:42.4

I don't want to get too far off track but I was doing some quick research for this video and I saw this gem

1:48.9

Delta's top DEI officer first of all me just, if you're a corporation out there or a business, let me give you some words of advice.

1:58.5

And I think I've got a right to do this.

...

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