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Walmart Earnings Show Serious Weakness of Biden Economy… Worst is Yet to Come

The following article, Walmart Earnings Show Serious Weakness of Biden Economy… Worst is Yet to Come, was first published on .

Joe Biden is flitting about the country — with his compliant media in tow — claiming that the economy is doing great. But Walmart has published its own economic data that shows that the economy is not doing well at all.

Walmart CEO Doug McMillon is warning that the economy is far softer than expected. The trends in October were so bad, it made them “pause and rethink the health of the consumer.”

The nation’s largest retailer saw a sharp falloff in sales during the last two weeks of October.

In fact, it’s so bad, they are even more cautious than they were three months ago.

One of the biggest problems is that inflation has been so bad for so long that it is still hurting the economy.

Financial advisers at the Kobeissi Letter warned that this is nothing unusual.

“Comments like these are reminders that many consumers are struggling. As household excess savings are depleted, consumers are increasingly relying on debt,” they added.

“Inflation is still a major issue for consumers,” they said.

Joe Biden’s claims that his Bidenomics is “working” are all lies.

We have still not seen the worst of Bidenomics.

Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, or Truth Social @WarnerToddHuston

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