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

Yes, a definite possibility.
Capitalism has a streak of "survival of the fittest" running through it.
No judgment just stating a fact.


HankD

 

“When the debate is lost, slander becomes the tool of the loser.”
Socrates

 

Yeah, the express stores (mostly groceries) are closing and more super-stores are opening. Matt Drudge (Drudge Report) is responsible for this misleading headline about Walmart as he tried to sensationalize a normal Walmart operation.

On the stock market, no one has ever shown a direct link between the stock market's ups and downs with the general economy per se.

Nevertheless, the economy is not good and December only added about 11,000 jobs, not the 292,000 in the unadjusted government report, which will be corrected in a few months apparently. I think that retail sales were down slightly from last year.

 

Wal-Mart's store closing plan is just good business governance. Most of the stores they're closing have another store within 10 miles. Why keep them open if they are under performing and you already have replacement capacity in place? I don't know how this is the President's fault.

The stock market isn't "tanking" but we are lingering close to another downturn, mostly due to the oil war that's going on. I'm not sure what the President can do to raise oil prices and thus gas prices which would be the source of consternation from plenty around here too.

Wall Street hasn't fundamentally addressed the practices that led to the last recession so, why shouldn't we be expecting another recession soon?

I'm still not sure how this is suddenly all the President's fault when no one around here was giving him credit for seeing the Dow Jones hit 18,000 last year.

 

The government needs to get rid of fannie and freddie which was a primary contributor to the last recession. You cannot flood the market with people who cannot afford what they are getting while overinflating market prices based on no real value and think everything is going to be honkydory. The government needs to get out of the market and their will not be adjustments made by wall street to deal with the unreasonable regs that otherwise hurts business.

 

It is good business governance, you are correct about that. It is tough on people who do not have their own transportation. Also it is hard on the people who live in what has earned the name "food deserts".

You are correct about the stock market. It is too early to say the market is tanking as I showed in a chart in an earlier post. It is possible that the market will tank. The President cannot do much about oil prices. There is a glut of oil on the market and with sanctions lifted in Iran the glut may become greater.

Agree and neither has Congress.

It is the Obama haters who will never give him any positive credit for anything.

 

Where to you get this 11,000 number? Interesting that the last several times the employment numbers were "corrected" they improved. I suppose you only believe corrections when they decline, and are hoping that they decline.

 

I would also add that no one is saying the economy is "great", it's fair to good. The recent market correction is troubling. Let's see what this week brings. Wall Street is closed today for the MLK holiday but China is up about 0.5% and Europe is flat.

 

uncalled for

 

CMG is a pretty negative person. I dare you to find anything positive that CMG has posted, about anything.

 

Well then that makes it all right doesn't it. Fact is you do not know what you said is true and it is nothing more than a suspicion on your part based on your bias of his posts. It was unfair, unknowable and childish.

 

Yep.

Walks like a duck, talks, etc...

 

that is pretty arrogant

 

Deleted as the chart would not show.

 

It's not slander if it's true. If you cared about the truth you wouldn't have spent the last few years defending one of the biggest liars ever to set foot in the White House.

 

Thanks for sticking up for fair play--something that is missing from the Baptist Board for many years.

 

I didn't bother to prune your post to your point about the "food deserts" but I am wondering why rich liberals don't open grocery stores in the areas where corporations such as Walmart, for example, have abandoned? You could call them Liberal Grocery Stores and probably make a killing on the stock market in places like Detroit, St. Louis, Chicago, Baltimore, and even in Indianapolis. Why don't liberals get into business in these food deserts?