Fears Of A Dark Winter Rising
Something really strange is happening in the U.S. retail sector. Walmart, Target, and other major retailers are literally canceling billions of dollars in orders right ahead of the busiest shopping season. Do they know something they aren’t telling us? We’ve never seen such a large-scale order cancellation happening before. Under normal conditions, this wouldn’t make any sense. The holiday season is typically the time when retailers record the highest sales volume in the entire year, and this time in 2021, everyone in the industry was extremely worried about whether there would be enough inventory to meet consumer demand due to global supply chain disruptions. But it seems that things have been turned upside down, and all of a sudden, big retail chains are cutting back and calling off a massive number of orders – and this would only make sense if they could tell that a severe economic downturn was imminent.
Credit Epic Economist
