Ep. 121 The One About the Economy

In this episode, I cover Biden blaming business for his failing and how we are likely already in a recession.

Smithfield to close its California plant: https://www.theepochtimes.com/largest-us-pork-packer-closing-california-plant-citing-high-costs-and-red-tape_4527574.html
Biden accuses ocean carriers for price gouging: https://www.supplychaindive.com/news/biden-port-of-los-angeles-ocean-shipping-reform-act-ripoff-is-over/625315/
Shipping lines profits: https://www.transportandlogisticsme.com/smart-sea-freight/shipping-lines-show-nearly-80-billion-operating-profit-so-far-in-2021
Economist says we are already in a recession: https://www.theepochtimes.com/us-already-descending-into-recession-economist_4528683.html?est=DzbRLG6%2Bw16RJOAFzmDGtU5c10qTjwLQ4eEtqZ%2FVE7qndAP22skUkAsUS7cAVrp9
Fed hikes rates: https://apnews.com/article/fed-interest-rates-inflation-be1b698e48327d3a33847be25aba3e3d
Retail misses confusing: https://www.nasdaq.com/articles/retail-earnings-confuse-rather-than-clarify
Target misses Q1 earnings: https://finance.yahoo.com/news/targets-tgt-q1-earnings-miss-144602291.html
Kohl's misses Q1 earnings: https://www.barrons.com/articles/kohls-stock-price-earnings-retail-51652894005
WalMart misses Q1 earnings: https://www.forbes.com/sites/sanfordstein/2022/05/18/walmart-and-target-miss-quarterly-estimates-dramatically/?sh=448e21906059
Biden attacks oil companies: https://redstate.com/nick-arama/2022/06/15/biden-is-threatening-oil-companies-with-use-of-emergency-powers-against-them-n578914