All of the well off people with money in the market are going to be in for a hell of a shock when they flee collapsing tech stocks for consumer staples only to realize that the entire sector is imploding because nobody has any money...
Living in a neoliberal dystopian hellscape
‘Average sales volumes at 15 of the largest US staples companies — Coca-Cola, Procter & Gamble, Hershey — have been negative in 13 of the last 18 quarters. Much of America works in industries that look more like consumer goods than tech.’ www.ft.com/content/e318... by @robarmstrong.bsky.social
www.ft.com
Investors should pay attention to the struggles of the consumer packaged goods industry
