Trade Alert: A Spending Strike Will Make This Online Retailer Low Priority

As stimulus checks start going out to Americans, consumers are paying off existing debts and are saving what’s left over. This “spending strike” represents a major change in U.S. consumer behavior resulting from the economic shock of the pandemic. Jim and Scott target this online retailer as reduced discretionary spending affects its bottom line and puts pressure on its stock price.

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Jim Rickards

James G. Rickards is the editor of Strategic Intelligence, Project Prophesy, Crash Speculator, and Gold Speculator. He is an American lawyer, economist, and investment banker with 40 years of experience working in capital markets on Wall Street. He was the principal negotiator of the rescue of Long-Term Capital Management L.P. (LTCM)...

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