We are due for another recession...It's been 7 years since the last one...Seeing that recessions on average come every 6 to 7 years. Another one SHOULD either be happening right now, or at some point in 2017. Trump is the Wild Card in this scenario, so we see what happens.
I am looking at Black Friday deals the major retailers are putting out. I can't believe the rock bottom prices on 4K TVs. ...I am wondering where their profit is going to come from this shopping season. Are these TVs really that cheap to produce?
55 inch 4K TV for $299 at Wal Mart. 40 inch 1080 P for $125 now.
The nearest Best Buy to me just closed earlier this week. Last 3 years I had noticed that store was just plain slow. ...Only a matter of time before they shut it down. I walked in there on a weekday afternoon about 6 months back, and I only saw 2 other customers in the entire store...employees looked so bored. Now if I want to go to a Best Buy, I gotta drive about 13 miles to the next closest one. I only go out that way if I plan to go to the mall up there, or if I have my Chevy in for it's oil change at the dealership I go to which is near that store.
Retail is in a real quagmire because nothing HUGE has come out lately. I have a feeling Christmas shopping sales will be down this year due to that, and the even lower prices on electronics. Profits will be down...I foresee Sears/Kmart closing a lot of stores going into next year as well. ...If retail sales are lackluster which I believe they will be this year, then that could spark the next recession.
Or, maybe not. ...I hope not. I want the economy to boom.