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A primer that the *******s here need to pay special attention to. You can thank me later!
Wal-Mart shares are tanking after the company’s executives called February sales a “total disaster.”
Wal-Mart is facing a scary reality: the ailing finances of its core customers, Brian Sozzi, chief equities analyst at NBG Productions, told us.
“Wal-Mart shoppers are the barometer of the U.S. consumer, and these emails reflect common sense about customers,” Sozzi told us. “The consumer isn’t mentally or physically ready to spend on discretionary inventory and there’s no reason to be optimistic.”
It is all very predictable. Raise taxes and people buy less stuff. The velocity of money slows. There are fewer sales taxes collected in stores. Employees get laid off and stop paying income taxes. Laid off employees start collecting government checks. Tax revenues fall. Deficits increase.
I am interested in this topic. Why was this a surprise to Walmart? Is this the beginning of a crash? A recession? Didn't we have negative growth last quarter?
Is it because of delayed tax returns? Or the tax increase?
I am not a fan of Walmart but I not think millions of Americans said "I am not going to but cheap Chinese slave labor crap anymore." And they did not go to their local mom and pop because they are out of business.
WAL*MART going under will be the best thing that ever happened to American business.
Heres to a quick, but painful death !
Unfortunately, that will never happen, they will still continue to be the undesirable virus/rash on the face of America.
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