Itβs wild that in The Price of Tomorrow, Jeff pointed to a 2018 Mark Carney speech as an example of someone who didnβt understand AI or exponential technology... and now the rube is leading Canada π’
Walmart, Home Depot, and Target.
CEOs of all three companies said they had been absorbing tariff costs until now. The expenses have reached a point where earnings are being affected.
As they try to replenish inventories, costs are rising, and consumers will start seeing price increases.
Rate cuts may help in the short term, but rising costs will slow growth and hit markets.
