Lance Roberts - Shedlock: Unprecedented Decline In Retail Sales & It Will Get Worse

[rangerray]

Lance Roberts - Shedlock: Unprecedented Decline In Retail Sales & It Will Get Worse

Lance Roberts:

*There is no reason to expect a quick spring back when people do return to work, which now looks more like mid-May or early June than the end of April.

*The Covid-19 Recession Will Be Deeper Than the Great Financial Crisis.

*A v-shaped recovery is not at all in the cards.




https://realinvestmentadvice.com/shedlock-unprecedented-decline-in-retail-sales-it-will-get-worse/

 

[Bullitt]

Re: Lance Roberts - Shedlock: Unprecedented Decline In Retail Sales & It Will Get Wor

The Cramer calling for retailers to drop like flies since they cannot compete with Amazon.

Hard to say long term, but the longer this drags on, the more bleeding from brick and mortar shops. I think Amazon (online in general) is good for some things, but not everything. Buying clothes can be a pain when you're looking for that proper fit. Part of what made AMZN what they are today is the unfair tax advantage over every retailer for over a decade.

Remember not having to pay tax for AMZN products?

I think there are better values in retail than airlines right now, that's for sure.

https://www.thestreet.com/video/jim-cramer-retail-amazon-may