- "every single retailer has and is paying more for the items they sell, and retailers will be passing some of these costs along. Except for fuel costs, U.S. consumers haven't seen much in the way of inflation for almost a decade, so a broad-based increase in prices will be unprecedented in recent memory."
- "We're seeing core consumers under a lot of pressure. There's no doubt that rising fuel prices are having an impact. Wal-Mart shoppers, many of whom live paycheck to paycheck, typically shop in bulk at the beginning of the month when their paychecks come in. Lately, they're running out of money at a faster clip. Purchases are really dropping off by the end of the month even more than last year. This end-of-month [purchases] cycle is growing to be a concern."
(Note: I hope to have the COMEX post I refered to yesterday for you later tonight)
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