Talk about a big fish that got away! Here’s TWO of them, which I’ve mentioned endlessly as short ideas for months now. Dollar General……….
………and Dollar Tree……..
These have both lost about 70% of their value as the lower-middle class gets wiped out (which is their target market). Remember, friends, the Federal Reserve has delivered two things:
- For the RICH, it has given them massive asset appreciation;
- For the POOR, it has given them inflation.
In other words: Fuck Jerome Powell and ALL his predecessors.