Wall Street's tanking, and Walmart closing 154 stores .... but the economy is GREAT!?

Discussion in 'News / Current Events' started by righteousdude2, Jan 15, 2016.

  1. righteousdude2

    righteousdude2
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    http://www.aol.com/article/2016/01/15/stock-market-slides-again-worst-two-week-start-to-a-year/21298073/?icid=maing-grid7|main5|dl1|sec1_lnk2&pLid=1104499509_htmlws-main-bb

    http://www.foxnews.com/us/2016/01/15/walmart-to-close-154-stores-in-us-10000-workers-affected.html

    Maybe one, or more, of the liberals on this forum can explain how the President can say the economy is doing better than ever (http://www.businessinsider.com/americans-catch-onto-obamas-economic-optimism-2016-1), when we continue to see big-business close stores, lay off people, and why Wall Street is once again in the tank?

    The only good thing with the Walmart layoffs is that the employees are used to living on substandard wages, so unemployment may be a step up in some ways!

    I know I'd like to hear an answer, and it isn't Bush; he's been gone for more than seven years. S it can only be the man sitting in the White House at this time!
     
  2. Salty

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    This is interesting - many like to say how Wal-mart is raking in the $$$. Apparently these stores are loosing money. Would be interesting to see how many of those stores are in States/Commonwealths that have raised minimum wage.



    Only problem is that unemployment is based on your current wages.



    I'm not too sure about that - wouldn't surprise me if the libs came up with something to blame it on Bush.
     
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  3. Zaac

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    So can we assume that while the stock market hadn't been tanking and those 154 stores have been open during the current Presidential administration, you thought that the President had done a great job the last 7 years?
     
  4. Revmitchell

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    The jobs numbers are a farce. The ignore those who cannot find work and are no longer on unemployment which si significant. Further those who have gone back to work are earning far less than they used too. So the average earnings are weak which has led to the eventually lay offs of retailers like Walmart.
     
  5. righteousdude2

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    A big AMEN to the Rev. Not many are capable of seeing through the lies of Josh Earnest and his boss.
     
  6. righteousdude2

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    Here in LA, several of the stores are smack dab in the middle of predominantly black neighborhoods, as well as other low income areas. The news reflected the discontent of residents living in those areas. Now they will have to drive further to shop and get prescriptions filled.

    As for the wage increase fallout .... in my neck of the woods, two name brand restaurants closed their doors right before Christmas, blaming the economy and the higher wages cutting into sales and profits. One was Mimi's the other was a Marie Calendars.

    I think the wages so many minorities protested to see their employers pay them has only begun to come back and bite them. We will probably see many more businesses fold as higher minimum wages bite into their profits. We will also see layoffs creep up.

    But in the words of this administration, "things are great!"
     
  7. Crabtownboy

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    https://www.richmondfed.org/~/media...tional_economic_indicators/pdf/all_charts.pdf

    The DOW cannot be said to be tanking yet. It is still above the major bull support line. If it closes below 15,800 there will be cause to believe that we will be in a downward trend for the near term. More likely it will be a crab and move sideways. I expect the smart money to begin coming in next week and buying as there are cheap stock available now after this decline. However, time will tell as will the chart.

    [​IMG]

     
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  8. Zaac

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    Ahh, so they must have been a farce during the Republican administrations too.
     
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  9. Jkdbuck76

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    Yes they were, Zaac. The labor participation rate is the real number since it includes not only those who have given up looking for work, it also includes those who have their shiny new college degrees but can't find a job. Just my opinion.

    Sent from my SM-T230 using Tapatalk
     
  10. InTheLight

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    Labor participation rate has been in decline since the mid 90's and largely reflects the retirement rate of baby boomers.

    Sent from my Motorola Droid Turbo using Tapatalk.
     
  11. Revmitchell

    Revmitchell
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    The labor participation rate has been in decline since 2000 and is largely affected by retiree's but by and large a number of other factors one of them being can't find work they once had.
     
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  12. poncho

    poncho
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  13. Crabtownboy

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    Poncho, your video is flawed.

    From: http://www.snopes.com/cargo-ships-atlantic-map/

    The claims made in the Superstation 95 article are based solely on the above-displayed map, which was taken from MarineTraffic.com. While this map is real, it is not evidence that all cargo ships have stopped sailing in the North Atlantic Ocean.

    MarineTraffic.com uses AIS (Automatic Identification System) to create its cargo ship maps. While this system allows MarineTraffic.com to collect cargo ship data from around the world, this system requires ships to be within a limited range of a base station.

    An AIS system is not ideal for tracking cargo ships in the middle of the ocean. Luckily, AIS also uses satellite information to track ships. On 12 January 2016, Marine Traffic posted an image to Twitter along with a message stating that there were "thousands of cargo ships in-transit" in the North Atlantic:

    Marine Traffic's Tim Soare confirmed that the Superstation 95 article used a terrestrial AIS map, which only has a range of about 15-20 nautical miles, while the map tweeted by Marine Traffic used a combination of terrestrial AIS and satellite AIS data:
     
  14. poncho

    poncho
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    We checked VesselFinder.com and it appears to show no ships in transit anywhere in the world. We aren’t experts on shipping, however, so if you have a better site or source to track this apparent phenomenon, please let us know.

    [​IMG]

    We also checked MarineTraffic.com, and it seemed to show the same thing. Not a ship in transit…

    [​IMG]

    If true, this would be catastrophic for world trade. Even if it’s not true, shipping is still nearly dead in the water according to other indices. The Baltic Dry Index, an assessment of the price of moving major raw materials by sea, was already at record all-time lows a month ago… and in the last month it has dropped even more, especially in the last week. Today BDIY hit 415…

    [​IMG]



    Factories aren’t buying and retailers aren’t stocking. The ratio of inventory to sales in the US is an indicator of this. The last time that ratio was this high was during the “great recession” in 2008.

    [​IMG]

    Hey, Ms. Yellen, what recovery? The economy is taking on water at a rapid rate.

    http://www.globalresearch.ca/nothin...rnational-commerce-has-come-to-a-halt/5501779

    That Snopes report (here) was written by a writer named Kim LaCapria and, like Dan Evon, Kim never called us or even sent an email before declaring our story "False." Another example of Snopes shoddy workmanship.

    In fact, had Kim bothered to reach out to us, we could have put her in touch with an eye-witness, who was actually inside the building where the shootings took place, who personally HEARD the argument about pork being served at the event, and how the soon-to-be-shooter yelled he was "tired of these insults to Islam" before storming out of the event, then coming back to shoot the place up.

    Bear in mind that Kim's basis for declaring our story "false" was simply that "no other media outlet had reported this." Gee, that's some criteria she used!

    With political correctness permeating the mass media, it is no secret that the mass media seeks to downplay the relationship to Islam of so much of today's terrorist violence. But to say our story was "false" because no other media outlet reported it, is a bit of a stretch.

    We provide this rebuttal because folks in the past have relied on Snopes to get them the facts. We hope the two examples of their utterly shoddy reporting, outlined in this update, shows they are hardly reliable anymore.

    The SuperStation95 Newsroom Staff is dedicated to the acquisition and dissemination of news in an accurate and timely manner. We will continue to do that job.

    https://www.superstation95.com/index.php/world/750
     
    #14 poncho, Jan 17, 2016
    Last edited: Jan 17, 2016
  15. Crabtownboy

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    Any web site that misuses data as they did have no credibility in any of the data they report. Obviously they have an agenda and the truth or lack of it does not play into their reporting.
     
  16. poncho

    poncho
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    I agree Snopes is losing it's credibility by putting out such sloppy work

    About 7 hours ago, a writer named Dan Evon from the web site "Snopes.com" declared this story to be "false" and later accused this news web site of authoring "fake" stories. Snopes is wrong on both counts. (Their coverage here)

    By their own admission in their report today, Snopes' representations about shipments traveling via sea, is based upon their information for January 12. Our story was published on January 8 and dealt with ocean-going freight, on January 7 and 8.

    Further, our article dealt solely with the "north Atlantic" not the Pacific or the Mediterranean or any other ocean. So whatever information Snopes has from the 12th -- and from OTHER OCEANS -- has no bearing whatsoever on whether our story from January 8 was accurate! We stand-by our story.

    Had Dan Evon bothered to telephone us or even send an e-mail, we could have provided him with the necessary information to support the factual basis of our story. He neither called nor e-mailed. He simply decided himself that the story was "false" and used the Snopes web site to say so. Great journalistic integrity and due-diligence there, Dan. /sarcasm

    https://www.superstation95.com/index.php/world/750
     
    #16 poncho, Jan 17, 2016
    Last edited: Jan 17, 2016
  17. Crabtownboy

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    If, as you link says, there were no ships in transit anywhere in the world where were they? The implication of your link is they were all in port. That is a physical impossibility. The ports will not hold all the ships and the areas they park ships waiting to go into port are not large enough to park all the ships. The data obviously has been interpreted to fit their agenda, not the truth.
     
  18. HankD

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    • Like Like x 2
  19. poncho

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    An experiment gone awry or a calculated business move to kill the competition? Like locally owned "mom and pop" stores.
     
  20. poncho

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    Why after witnessing you defend Obama's lies and anti American agenda for years would I believe you care about the truth?
     

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