Thirstda’s Wandering Political Thoughts

It’s time to check the economy’s barometer. Dollar Tree is selling off Family Dollar after acquiring it ten years ago. Lack of synergies between the two. I admit, I confuse the two stores. They’re interchangeable in my mind. Anyway, you would think that they would have noticed the lack of synergies back when DT was thinking about buying FT. I guess that’s business.

What really struck me about the move were these insights from Dollar Tree Chief Executive Mike Creedon, with my emphasis added in bold:

With regard to consumer spending, Creedon said that Dollar Tree, like other retailers, is seeing middle-income shoppers focus more on value. “At the same time, we are seeing stronger demand from higher-income customers who increasingly see Dollar Tree as a cost-effective source for an expanding range of products,” he said during the conference call.sales

“We believe it doesn’t matter how much money you make. Everybody is hurting right now,” he said.

‘Everybody is hurting right now.’ That’s a knee slapper. I don’t think the Trusk Regime’s billionaire cabinet and their friends are hurting at all. But maybe that’s just poor, poor, cynical me. More critically, it seems that more middle class is shopping at the Dollar Tree. That’s a strong sign for the future…not.

But come on, how can we be hurting in Donald Trump’s economy? He’s making all those moves to save the government money. Well, okay, that DOGE stuff didn’t save much money. It instead destablised the government, outraged citizens, scared Republican senators and reps into hiding, caused confusion and triggered alarm, and sent the stock market down. But he added those tariffs…and took them away…and added them again…causing trade partners to retaliate. Which, yeah, hurt farmers, damaged overseas liquor sales, and has put a crimp in economic forecasts. Retailers and manufacturers have responded with layoffs and slashed their sales forecasts.

Naturally, shoppers were affected. US consumer confidence tumbles for the 4th straight month as future expectations hit a 12-year low.

The Conference Board reported Tuesday that its consumer confidence index fell 7.2 points in March to 92.9. Analysts were expecting a decline to a reading of 94.5, according to a survey by FactSet.

The Conference Board’s report Tuesday said that the measure of Americans’ short-term expectations for income, business and the job market fell 9.6 points to 65.2.

It is the lowest reading in 12 years and well below the threshold of 80, which the Conference Board says can signal a potential recession in the near future. However, the proportion of consumers anticipating a recession in the next year held steady at a nine-month high, the board reported.

“Consumers’ optimism about future income — which had held up quite strongly in the past few months — largely vanished, suggesting worries about the economy and labor market have started to spread into consumers’ assessments of their personal situations,” said Stephanie Guichard, senior economist at The Conference Board.

Oh boy, so much winning, it hurts.

Wednesday’s Theme Music

Mood: under baked

It’s foggy in Ashlandia again. Fog closed in on our fair town, where the mountains are low and the valley is narrow, yesterday afternoon. The for went away for the night and returned this morning, along with a doughnut sprinkle of rain that’s expected to keep up intermittently for the day. It’s all part of the season called aunter, which falls in the last third of fall, bringing dampness, dark days, and cold air, and winter, when the snow is summoned.

But look out. It’s 45 F now but we’re gonna get warmer, even broaching the sixties, maybe, they say, maybe getting as warm as 66F. Not bad for a aunter day.

This is Wednesday, December 26, 2023.

I was in a Dollar Store with my wife yesterday. She’s planning a holiday gift for her exercise class instructor. My spouse has been going to this class since 2005. The instructor is 78 and has been telling people what to do to music since the early 1980s. She’s quite popular. My wife became friends with her over exercising and books. My wife and two others, who were then known as the Woo-Woo girls, started talking about books they were reading as they warmed up before class. Soon the instructor joined, and then a few others, giving rise to the Ladies’ Most Excellent Book Club, which became the book club. They limit it by vote to ten people, and they’re serious readers. We’ll be going to the instructors’ house for a traditional Swedish smorgasborg later this month.

Anyway, as part of the holidays, my wife has started a new tradition of collecting money and signing a card for the instructor. The instructor rarely keeps the money, either donating it to families who need it, or to local causes with the food bank. My wife likes going to the Dollar Store for supplies. It might be a Dollar Tree store; I don’t pay attention. I know they’re no longer a store where things are a dollar or less. But yesterday surprised me.

The dollar store has restaurant and big box store gift cards, along with iTunes gift cards. Many were for $25 or $50. I didn’t bother asking the busy staff it the cards sold for a dollar. They’ve probably heard that joke, and nothing on that end cap display said, “Olive Garden $50 Gift Card: One Dollar”.

It’s just more evolution for the dollar store trio who combined into one business entity a few years ago. I remember first going to one of them thirty years ago after moving back to the United States. I was like, everything in the store is for sale for a dollar? Why, yes, that was exactly the premise: a dollar or less. Being in the military, not getting paid much, and liking a bargain, we went frequently to the Dollar Tree or Dollar Store to get household cleaning supplies, notebooks and paper supplies — including greeting cards — and whatever little bargains we found.

Sad that the stores have changed their philosophy, but that’s how progress works. I guess. At least we’ll someday be able to tell future generations that there used to businesses which sold things for a dollar. They’ll probably ask us, “What’s a dollar?”

An apartment building neighbors us not too far away. With the leaves out of the trees, I can see some of their upper windows from my backyard. Yesterday, I saw a cat in one of the windows. It’s not the first cat I’ve seen in the building, so it’s not that remarkable. This was a fine looking cat, young and slender-appearing, sitting erect as a statue in that graceful cat manner we so often see. White with calico spots, it was intently watching me. I wondered if the cat was lonely and I hoped that it was’t.

That tiny reflection invited The Neurons to offer a song to the mental music stream, where it continues in the morning mental music stream (Trademark nutty). “Only the Lonely” by The Motels, not to be confused with “Only the Lonely” by Roy Orbison, came out in 1982. So it’s for that cat and the other floofs alone and watching that this song is offered as Wednesday’s theme music.

Stay pos and strong, and lean in. Coffee has arrived at the brain center, exciting The Neurons. Here we go, off to start the day. And here’s the music. Cheers

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