ALERT: Fed Money printing not good for AMAZON Here is why
The Fed is injecting 80 Billion dollars per month into the economy. The main recipients are the banks and 1%
Now they have 3 trillion on their balance sheet. What does this have to do with AMAZON /
Have you see the prices of food at the grocery store in the last 6 months ?
For example I bought 18 Oz Entenmans Marchmellow frosting Chocolate cake last year for 3.99
Today at same store 6.29..
What does this have to do with AMAZON /
It's called DISPOSABLE income and when non discretionary items prices skyrocket the money left for DISCRETIONARY items falls...
Do you feel (outside of stock market gains from FED which could disappar overnight) that you have more money to buy stuff at AMAZON this year than last ?
Be honest and you will see why AMAZON coupled with new sales taxes which are not applied to other online stores in Massachusetts (search for it) will eventually test 200.
It is about 260 today was 284 AH when I first warned about this.
I will reference this post when AMZN bhits 199.xx to prove to you I know what I am talking about.
The fed is robbing the common man and even though they lie about inflation you don't have the extra money to buy stuff when they do this so eventually non food retail sales will go negative...
Endless Fed money printing rife with moral hazard isn't good for anything, let alone scamazon... It only has served to transfer wealth from the many to the few (again) in a financial system that iz structurally unsound and basically as insolvant as zimbabwe's.