You don't need a Bloomberg terminal to read the US economy. You need three companies.
Walmart $WMT , Costco $COST , Target $TGT .
Between them they touch almost every American household every month. Their checkout receipts say more than most economists do.
When the data lags, the shelves don't. People who buy more chicken and fewer sneakers will tell you everything six months before the print.
Sorkin: This is now state-sponsored capitalism. This is not really capitalism. Everything runs through 1600 Pennsylvania Avenue now. This is totally new. We have never had a time where CEOs and business leaders are making their decisions daily—where their strategy is based on whether it’s going to be in line with the strategy of this president, whether he’s going to agree or disagree, come out in favor or not, or decide to sue or not over whatever you’re doing. That is a fundamental reshift, and that is something that’s more akin to places like China, frankly.
Donald Trump's 50-Year Mortgage Plan Could Redefine Homeownership In America — Housing Chief Calls It 'Game Changer' Amid Rising Costs
Source: Benzinga https://t.co/y8bdY2PYr8