business

Retailers' troubles sound the alarm for rest of U.S. economy

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By DAMIAN J. TROISE

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“The Dow is on its longest weekly losing streak since 1923”

-1 ( +0 / -1 )

Funny how that works.

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Inflation is at a four-decade high and the U.S. economy shrank in the first three months of the year, the first decline in gross domestic product since the pandemic hit. 

The US lack of a coherent strategy to deal with the Covid crisis is showing its repercussions now.

The cumulative effect of the million deaths, millions of infected people, unemployment, bankruptcies, and failed businesses have taken their toll in the US economy. Any argument to the contrary does not have the facts on its side.

China, on the other hand, with its meager numbers of covid infection and related deaths because of its zero covid strategy has conversely seen economic growth throughout the pandemic. You can't argue with the numbers without being factually wrong.

-4 ( +0 / -4 )

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