Ex-Walmart CEO Says US Consumers Reaching ‘Breaking Point’…But let’s worry about the distraction in the middle east.
Authored by Tom Ozimek via The Epoch Times The all-mighty American consumer, whose spending drives the economy, is reaching a breaking point and is on the verge of folding, according to former Walmart CEO Bill Simon. Mr. Simon told CNBC in a recent interview that a series of factors—political polarization, inflation, and high interest rates—were all working together …