"You Will Rent Nothing And You Will Be Happy": Rent-A-Center Crashes After Pulling Guidance Due To Collapsing "Economic Conditions"
"You Will Rent Nothing And You Will Be Happy": Rent-A-Center Crashes After Pulling Guidance Due To Collapsing "Economic Conditions" How bad is it out there? So bad Americans can''t even afford to rent any more, or as Biden would put it: "the strongest economic recovery in recent history." My first two years in office spurred the strongest economic recovery in recent history. Today, I''m releasing my Economic Blueprint, a look at how our wins are rebuilding an economy that works for working families. https:||t.co|eSlr3ymdo8 It''s long. So here are the big things: — President Biden (@POTUS) September 9, 2022 In addition to the previously discussed implosion at Nike, whose stock is getting crushed by the bullwhip effect sending inventories soaring as US consumers hit a recession brick wall, a middle-American staple is getting hammered even harder: yes, Rent-A-Center is down as much as 20% today… ... one of its biggest one-day drops on record, which has pushed the stock back to April 2020 levels.
"You Will Rent Nothing And You Will Be Happy": Rent-A-Center Crashes After Pulling Guidance Due To Collapsing "Economic Conditions"
"You Will Rent Nothing And You Will Be Happy": Rent-A-Center Crashes After Pulling Guidance Due To Collapsing "Economic Conditions" How bad is it out there? So bad Americans can''t even afford to rent any more, or as Biden would put it: "the strongest economic recovery in recent history." My first two years in office spurred the strongest economic recovery in recent history. Today, I''m releasing my Economic Blueprint, a look at how our wins are rebuilding an economy that works for working families. https:||t.co|eSlr3ymdo8 It''s long. So here are the big things: — President Biden (@POTUS) September 9, 2022 In addition to the previously discussed implosion at Nike, whose stock is getting crushed by the bullwhip effect sending inventories soaring as US consumers hit a recession brick wall, a middle-American staple is getting hammered even harder: yes, Rent-A-Center is down as much as 20% today… ... one of its biggest one-day drops on record, which has pushed the stock back to April 2020 levels.