Ironic … everyone is harping about house suppliers and house builders stocks taking a bath.
IMHO … the worst hit of the lot is going to be … starbucks.
Why … its the 100% discretionary spending almost entirely fueled by vanity and the wealth effect. Oh yea those damn gay magnets that serve lousy burnt coffee have insane overhead and their coffee is … well lousy and $$$ and guess what … burning it, costs more than roasting it to the right amount … but then every one will see how shitty the coffee is actually instead of thinking its so bitter, it must be great coffee.
Its gonna get ugly …
Cool.
Cow_tipping.
