Originally posted by: PJ Stroh
Consumption was outsized in Q1 as consumers rushed to buy things before the tariffs kicked in.
THat will stop on a dime around Memorial Day when pre-tariff inventory runs out at most retailers. Dont touch that dial !
Even so - GDP went down. Our favorite city, Las Vegas is the best barometer of discretionary spending there is. Airline tickets and hotel reservations are falling off a cliff. They are already in recession.
Perhaps the silver lining is better deals in Vegas 6 months from now for those of us still employed.
Maybe this was Trump's grand strategy all along...ruin the entire US economy so he could use unemployed laborers to build himself a new Vegas hotel? And hire staff at $7/hr and no benefits to run it?
Maybe the Turd is as sharp as stupid Tom thinks he is! Tom sure rushes to kneel in front of him and pull down his zipper every chance he gets.
