“In case you haven’t seen a sales report these days, February MTD sales are a total disaster,” Jerry Murray, Wal- Mart’s vice president of finance and logistics, said in a Feb. 12 e-mail to other executives, referring to month-to-date sales. “The worst start to a month I have seen in my ~7 years with the company.”
The world’s largest retailer’s struggles come after executives expected a strong start to February because of the Super Bowl, milder weather and paycheck cycles, according to the minutes of a Feb. 1 officers meeting Bloomberg obtained.
Simon cited negative economic growth, declining consumer confidence and rising unemployment as challenges facing the company. The U.S. economy shrank at a 0.1 percent annual rate in the fourth quarter, and the unemployment rate rose 0.1 percentage point to 7.9 percent in January. The Conference Board’s measure of consumer confidence declined last month to the lowest since November 2011.
Even with a slow January, Wal-Mart is gaining market share steadily, Simon said.
“That points to our competitive landscape, which means everyone is suffering and probably worse than we are,” Simon said, according to the minutes.
aedens wrote:Now we suffer in patience Higg. The central banks need to understand this. We are not the trip wire on affairs, they are.
Looking at the 10 year chart of the gold silver ratio would lead me to think this is about May 2008 before the crash started.
There's another reason to think that. Today's leaked Wal-Mart e-mails are typically what has been seen at the tops of other "Bernanke Bubbles" that also did not conform to economic reality. In this case, he had made a late attempt to reflate the 2007 bubble by slamming interest rates down, which sent oil prices skyrocketing to a peak of $147 per barrel in 2008, killing the economy.
The S&P 500 index and Dow Jones industrials eked out gains on Monday as record oil prices boosted energy shares, but the Nasdaq slipped after a chipmaker's warning about consumer spending hurt technology shares.
But oil prices had a negative impact on the Nasdaq. After a sharp rise earlier in the session, semiconductor shares fell after the chief executive of Sandisk (SNDK.O), a supplier of memory chips, said higher energy costs would hurt consumer spending.
"Anytime you hear anything about consumer spending being soft that's going to affect the broader market," said Edward Bretschger, director of equity sales and trading at Calyon Securities in New York.
Yes the cherful idiot's on patrol are spewing animal spirits are unleashed already I seen. I guess they missed the memo we covered rational
expectations with the very ink they use and facts to the wasting. To unhinged to even see daylight above them and the storm drains are
filled with human induced avarice below them to repair the damage. The trip wire is geopolitical now was the bent of mind of context.
More than a few of us know this facet and the damage it will entail. We will just have to find out the hard way since they cannot change
here or there.
I am not a democrat or republican. If these sick operatives from the democrats think that we do not want hours and hours acounted for and we do, so be it.
Last edited by aedens on Thu Feb 21, 2013 3:59 am, edited 8 times in total.
Some time left, as the fresh water and salt water economist wisper lies. The lip service of the G 20 confirms the illusion of change
that will not be since it was for the entertainment of the prisoners. Last week was a warmup on the ROC since the puppet masters will
feed on the muppets and the prisoners unable to reason continue to be chained. When evil is good and good evil it will not be long.
I alluded to this as the anti market. We can splash the business cycle graph for entertainment purposes but it matters not now.
The September 13 QE announcement pumped the market up 1-2 more days before it ran out of gas and started to crash. Even though the market knew the pump was coming there was no money left to front run it. They had to start pumping the $45 billion per month in to move it, but then that wasn't enough and they went to $85 billion 2 months later.
One problem they're having with the $85 billion pump is energy. As they are pumping the $85 billion in, gasoline prices are quickly moving higher and Wal-Mart is saying the consumer has unexpectedly disappeared. Meantime, there is internal dissention in the Fed and it seems like maybe that is due to some not wanting to appear ridiculous when Bernanke wants to double it to $160 billion next month.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
They have destroyed the Middle class Higg and we now the when, why and how. Now the locust move on as we noted your next how many times? Zephaniah seen ahead that neither their silver nor their gold shall be able to deliver them in the day that was. Warned as they are and have been it will not matter. Once they deny, the seal is set and the effect of the General Dynamic unleashed. It was jovial in nature the Kracken was unleashed and the consequences assured. They do not get it and cannot is the nature. Scope and Scale of the offense is the fact oncoming.