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Target shocked investors because not only did they suffer from rising costs due to inflation that they are currently subsidizing by not meaningfully raising pri
by tempsy 4y ago
Target shocked investors because not only did they suffer from rising costs due to inflation that they are currently subsidizing by not meaningfully raising prices but because they reported rising inventory in discretionary spending categories as consumers pull back likely due to higher prices they are facing nearly everywhere.
This has more to due to impact of inflation and less so just a function of a dividend and rates.
- nemo44x 4y agoCredit card debt is extremely high right now and subprime loan defaults are rising fast. In essence, a lot of people are tapped out.
- djbusby 4y agoCredit Card report https://www.newyorkfed.org/microeconomics/hhdc https://www.newyorkfed.org/microeconomics/hhdc New all time high
- heartbreak 4y agoThe relevancy of a report from February 2020 is…not great.
- djbusby 4y agoMy bad, wrong link, I've updated.
- ac29 4y agoYour current link says "Credit card balances declined by $15 billion"
- shrikant 4y ago> "Credit card balances declined by $15 billion, in line with seasonal trends typically seen at the start of the year, but are still $71 billion higher than in 2021:Q1, representing a substantial year-over-year increase."