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Thread: Wal-Mart: Our shoppers are 'running out of money'

  1. #11
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    Re: Wal-Mart: Our shoppers are 'running out of money'

    I think oil provides a convenient excuse for the fact that Bernanke's helicopter strategy is no way to maintain a stable economy. When oil prices were this high before it wasn't as much of an issue, but now you have far more people at lower paying jobs, far more on unemployment, and far more people out of the workforce altogether (many even dropping off the absurdly-extended unemployment rolls). Basically the government's economic strategy has been to put everything on ice and that has naturally proven impossible to maintain.
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    Re: Wal-Mart: Our shoppers are 'running out of money'

    today:

    The beleaguered dollar extended its broad decline after U.S. economic data pointed to a dismal employment picture and slowing growth, bearing out the Federal Reserve's reluctance to tighten monetary policy anytime soon.

    U.S. jobless claims unexpectedly jumped last week and the government reported the pace of economic growth in the country slowed sharply in the fourth quarter, further adding to the negative dollar sentiment permeating the market.

    Traders have been selling the dollar in droves in recent weeks, sending the greenback to multiyear lows against most other major currencies. That selloff continued Wednesday when Federal Reserve Chairman Ben Bernanke indicated the central bank is far from tightening monetary policy.
    Dollar Loses More Ground - WSJ.com

    qe, anyone?

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    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by zimmer View Post
    Ahhhhhhhhh... the smell of Jimmy Carter II in the air.

    It's nice Jimmy the Second has had a laser-like focus on the economy.

    .
    Obama created peak oil???

    The US Military warned us March of last year that we were approaching peak oil ~

    "The US military has warned that surplus oil production capacity could disappear within two years and there could be serious shortages by 2015 with a significant economic and political impact."
    Worldchanging: Bright Green: Do Gas Taxes Cover the Costs of Roads?
    Last edited by Catawba; 04-28-11 at 05:41 PM.
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    Re: Wal-Mart: Our shoppers are 'running out of money'

    today:

    Public disapproval of President Barack Obama's handling of the economy reached a new high in mid-April, according to a new McClatchy-Marist poll, as gasoline prices neared $4 a gallon and Washington lawmakers fought a bitter battle over the federal budget.

    Some 57 percent of registered voters said they disapproved of Obama's economic management, while only 40 percent approved. That's the lowest score of his presidency.

    "These numbers spell political trouble," said Lee Miringoff, the director of the Marist Institute for Public Opinion in New York, which conducted the survey. "To get re-elected with a 57 percent disapproval rating would be a very tall order."
    Poll: Obama is losing public's confidence on economy | McClatchy

    more: 57% feel the "worst is yet to come"

    "up sharply from 39% in january"

    71% said the nation was still in recession

    his tax the rich speech didn't work, points out marist

    uh oh

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    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by The Prof View Post
    today:



    Poll: Obama is losing public's confidence on economy | McClatchy

    more: 57% feel the "worst is yet to come"

    "up sharply from 39% in january"

    71% said the nation was still in recession

    his tax the rich speech didn't work, points out marist

    uh oh
    LOL! What you left out from your poll ~ "Obama could take solace from one finding: Sixty-three percent of those surveyed said the current economic conditions were mostly something the president had inherited, while 30 percent said they were mostly the result of his policies."

    Read more: Poll: Obama is losing public's confidence on economy | McClatchy
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Wal-Mart: Our shoppers are 'running out of money'

    this monday: gallup/usatoday finds "46% of americans definitely won't vote for obama" for reelection

    SHOCK POLL: ONLY 38% SAY OBAMA ‘DEFINITELY’ BORN IN USA InvestmentWatch

    ouch

    but, hey, at least he beats TRUMP

    LOL!

    and that was BEFORE the longform

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    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by Catawba View Post
    LOL! What you left out from your poll ~ "Obama could take solace from one finding: Sixty-three percent of those surveyed said the current economic conditions were mostly something the president had inherited, while 30 percent said they were mostly the result of his policies."

    Read more: Poll: Obama is losing public's confidence on economy | McClatchy
    but we elected him to fix it last i checked, he better wipe that "solace" off his face and get busy
    tick tick tick

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    Re: Wal-Mart: Our shoppers are 'running out of money'

    I tend to agree with "Most Americans".

    I suspect that some, if not many, of the "data" is skewed upwards due to data which does not neccesarally affect "most Americans".

    For example: The stock market has done fairly well since the spendulous bill became law. Unfortunately most Americans don't own a significant portion of the stock market, so the vast majority of the benefits of a strong stock market go to a minority of the public.

    Or when housing prices have plummetted, that doesn't help the typical Americans overall financial situation any, unless of course they are shopping for a house, but apparently few people are doing that.

    I was talking to a supplier today, he told me how our economy had really turned around during the past few months and told me that if my sales arn't up it is only because I haven't been marketing effectively. So I asked him how he knew that the economy had picked up and he told me that it was because his sales had increased significantly. What he wasn't taking into account was the fact that his two largest competitors closed up shop in our area last December and January. While that's great for him, because he gained market share, his larger market share in no way indicates that the economy has picked up.

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    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by haymarket View Post
    Interesting observation.

    Is it even possible to make crap even cheaper and sell it at stores even more stripped down and bare bones than Wal Mart? I wonder who could out walmart Wal Mart?
    No one. China is one of the cheapest sources for crappy products. They have little environmental laws, little to no labor laws, no real unions that I'm aware of. They ain't gotta pay for the stuff the 1st world has to. You don't get cheaper than slave labor.
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    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by haymarket View Post
    Wal mart needs to stop selling all those expensive products made by greedy American unionists making high wages and getting cadillac benefits. If they bought overseas from people operating sweatshops using child labor, they could lower those prices and attract more business.
    Finally someone who understands
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