“Major Deflationary Disruption” Says Cramer About Amazon Purchase of Whole Foods
mishtalk.com / Mike “Mish” Shedlock / June 16, 2017
Amazon bought Whole Foods today. Widespread carnage in the grocery stock prices followed. Jim Cramer called it a major deflationary disruption saying stores cannot compete.
“If I was the Federal Reserve, I would have a meeting on this. Inflation is going to go down…. You have to rethink food … Costco knows how to compete. It will be in there tooth and nail with toilet paper and paper towels. … But Kroger, a crisis in Cincinnati, crisis.”
The post “Major Deflationary Disruption” Says Cramer About Amazon Purchase of Whole Foods appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/06/17/major-deflationary-disruption-says-cramer-about-amazon-purchase-of-whole-foods/
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