The Real ‘Inflation’ Effect

The Real ‘Inflation’ Effect
A customer looks at the price of limes at a fruit stand in the central business district in Sydney, Australia, on Aug. 16, 2022. Lisa Maree Williams/Getty Images
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Commentary 

If you’re the CEO of the world’s largest retailer, you’re not off to a great start if you are highlighting sales of men’s flannel. Yet, such was the case for Walmart’s chief executive, Doug McMillan. Consumers are behaving differently than they had last year, even when compared to earlier this year, and this poses serious challenges.

Jeffrey Snider
Jeffrey Snider
Author
Jeff Snider is Chief Strategist for Atlas Financial and co-host of the popular Eurodollar University podcast. Jeff is one of the foremost experts on the global monetary system, specifically the Eurodollar reserve currency system and its grossly misunderstood intricacies and inner workings, in particular repo/securities lending markets.
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