Mark Riggall: If the US isn't spending the rest of the world needs to pay attention - Heather du Plessis-Allan Drive

Recently a poor profit report from US giant retailer Walmart sent the shares plunging nearly 20% over 2 days. Is this a Walmart specific issue or should we be concerned about the state of the US consumer? 
Despite high inflation and rising cost of energy can we be confident that the US consumer is holding up ok? What can we learn from Walmart and other company results recently? 
It sounds like the US consumer is weathering the storm so far, but how about the NZ consumer, are there any parallels that we can draw? 
Mark Riggall, Milford Asset Management, joined Heather du Plessis-Allan. 
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