USA consumers are now in panic buying mode. They are buying for two important reasons - stockpiling, like in the earlier part of this year for fear of empty shelves at retail outlets, and the other factor is the prices shooting to the roof. So, of course USA consumers are buying early in July again, but not for the reason that they are unfazed by the tariffs. It is a good spin but not convincing enough for those inquisitive enough to look closely at the situation unfolding.
Do we remember the Government assuring Singaporeans not to resort to panic buying during the COVID 19 and that there are enough stocks being piled up for them? Did Singaporeans heed the advice not to stockpile? Of course not, when it comes to 'you die your business'. As we have seen, even NTUC food shelves were raided empty at the peak of the panic buying. And not to talk about toilet rolls being an item being stockpiled as well.
Now, can we understand the mindset of USA consumers also stockpiling before the shit hits the fan? Trump and his sidekicks have no fear of shortage of anything nor how high the price they will rise. They are ripping off the bottom feeders with an additional US$50 billion in taxes every month, adding insult to injury. The irony is the Hillbillies are unaware that Trump is not making USA great in any way but making them poorer. Anyway, ignorance is indeed bliss.
Anonymous
If USA consumers are not in panic buying mode now, they must really be zombies not realizing what is heading their way. It is not about having no money to buy but about having the money with nothing available to buy. That is the most fearful part. Money can be borrowed, but needs cannot be borrowed from anywhere.
ReplyDeleteI think it is optimistic talking about shelves going empty by November. The reality of empty shelves is already hitting USA consumers right now in specific areas and some are complaining about driving long distances to get what they need.
It is an irony having to live with shortages when all through the decades the USA consumers have been living a life of plenty - the American Dream. I hope they can live with that from now onwards.
On the other hand, having seen the lifestyle of the Chinese 'peasants' living comfortable lives of adequacy as disclosed by Rednote users in China to USA counterparts, that must have made the USA citizens really envious. Who are the real peasants anyway? Peasant that can lend money to non-peasants must be the revelation of the century. How is that even possible and how is it reconcilable under logical thinking?