The Beginning Of The End Ad
Gold Buying Guide: Golden Eagle Coins
Lear Capital: The Best Source for Buying Gold & Precious Metal Investing

Recent Posts

The Preppers Blueprint Economic Collapse Blog Get Prepared Now Ad

Enter your email to subscribe to The Economic Collapse Blog:

Delivered by FeedBurner

The Worst Retail Cataclysm Ever: Sears Warns It Is On The Verge Of Collapse As Payless Prepares To File For Bankruptcy

Share on FacebookTweet about this on TwitterPin on PinterestShare on Google+Share on LinkedInShare on StumbleUponEmail this to someone

Alarm Clock Abstract - Public DomainMore than 3,500 retail stores are going to close all across America over the next few months as the worst retail downturn in U.S. history gets even deeper.  Earlier this week, Sears shocked the world when it announced that there is “substantial doubt” that the company will be able to “continue as a going concern” much longer.  In other words, Sears has announced that it is on the verge of imminent collapse.  Meanwhile, Payless stunned the retail industry when it came out that they are preparing to file for bankruptcy.  The “retail apocalypse” that I have been warning about is greatly accelerating, and many believe that this is one of the early warning signs that the economic collapse that is already going on in other parts of the globe will soon reach U.S. shores.

I have repeatedly warned my readers that “Sears is going to zero“, and now Sears is officially saying that it might actually happen.  When you file official paperwork with the government that says there is “substantial doubt” that the company will survive, that means that the end is very near

The company that operates Sears, the department store chain that dominated retail for decades, warned Tuesday that it faces “substantial doubt” about its ability to stay in business unless it can borrow more and tap cash from more of its assets.

“Our historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going concern,” Sears Holdings said in a filing with the Securities and Exchange Commission. Sears Holdings operates both Sears and Kmart stores.

In the wake of that statement, the price of Sears stock dipped 13.69% to $7.85 a share.

Personally, I am going to miss Sears very much.  But of course the truth is that they simply cannot continue operating as they have been.

For the quarter that ended on January 28th, Sears lost an astounding 607 million dollars

The company said it lost $607 million, or $5.67 per diluted share, during the quarter that ended on Jan. 28. That compared with a loss of $580 million, or $5.44 per diluted share, a year earlier. It has posted a loss in all but two of the last 24 quarters, according to S&P Global Market Intelligence.

How in the world is it possible for a retailer to lose that amount of money in just three months?

As I have said before, if they had employees flushing dollar bills down the toilet 24 hours a day they still shouldn’t have losses that big.

This week we also learned that Payless is heading for bankruptcy.  According to Bloomberg, the chain is planning to imminently close at least 400 stores…

Payless Inc., the struggling discount shoe chain, is preparing to file for bankruptcy as soon as next week, according to people familiar with the matter.

The company is initially planning to close 400 to 500 stores as it reorganizes operations, said the people, who asked not to be identified because the deliberations aren’t public. Payless had originally looked to shutter as many as 1,000 locations, and the number may still be in flux, according to one of the people.

Of course these are just two examples of a much broader phenomenon.

Never before in U.S. history have we seen such a dramatic wave of store closures.  According to Business Insider, over 3,500 retail locations “are expected to close in the next couple of months”…

Thousands of mall-based stores are shutting down in what’s fast becoming one of the biggest waves of retail closures in decades.

More than 3,500 stores are expected to close in the next couple of months.

Once thriving shopping malls are rapidly being transformed into ghost towns.  As I wrote about just recently, “you might be tempted to think that ‘Space Available’ was the hottest new retail chain in the entire country.”

The demise of Sears is going to be an absolute nightmare for many mall owners.  Once “anchor stores” start closing, it is usually only a matter of time before smaller stores start bailing out

When an anchor store like Sears or Macy’s closes, it often triggers a downward spiral in performance for shopping malls.

Not only do the malls lose the income and shopper traffic from that store’s business, but the closure often triggers “co-tenancy clauses” that allow the other mall tenants to terminate their leases or renegotiate the terms, typically with a period of lower rents, until another retailer moves into the anchor space.

Years ago I wrote of a time when we would see boarded-up storefronts all across America, and now it is happening.

Instead of asking which retailers are going to close, perhaps we should be asking which ones are going to survive this retail cataclysm.

In the past, you could always count on middle class U.S. consumers to save the day, but today the middle class is steadily shrinking and U.S. consumers are increasingly tapped out.

For instance, just look at what is happening to delinquency rates on auto loans

US auto loan and lease credit loss rates weakened in the second half of 2016, according to a new report from Fitch Ratings, which said they will continue to deteriorate.

“Subprime credit losses are accelerating faster than the prime segment, and this trend is likely to continue as a result of looser underwriting standards by lenders in recent years,” said Michael Taiano, a director at Fitch.

The last time so many Americans got behind on subprime auto loans was during the last financial crisis.

We are seeing so many similarities to what happened just prior to the last recession, and yet most Americans still seem to think that the U.S. economy is going to be just fine in 2017.

Unfortunately, major red flags are popping up in the hard economic numbers and in the financial markets.

The last recession probably should have started back in late 2015, but thanks to manipulation by the Fed and an unprecedented debt binge by the Obama administration, official U.S. GDP growth has been able to stay barely above zero for the last year and a half.

But just because something is delayed does not mean that it is canceled.

All along, our long-term economic imbalances have continued to get even worse, and a date with destiny is rapidly approaching for the U.S. economy.

 
  • Mike Smithy

    What a shame. I love the Craftsman brand. However, Macy’s can kiss my azz for disrespecting Trump.

    • SnodtBlossom

      Impeach President PigBastard T.Rump!!!

      • Mark

        IMPEACH MADAME PRESIDENT HILLARY CLINTON. OH…………………………………WAIT………………………………..BAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!

      • Cinderella Man

        Impeach pigtwaatblossomm b#tchazz

  • socalbeachdude

    Sears warns of ‘going concern’ doubts

    Sears Holdings Corp, once the largest U.S. retailer, warned on Tuesday about its ability to continue as a going concern after years of losses and declining sales.

    “Our historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going concern,” Sears said in its annual report for the fiscal year ended Jan. 28. (bit.ly/2mRUcce)

    The company said an inability to generate additional liquidity might limit its access to new merchandise or its ability to procure services. Continued operating losses also could restrict access to new funds under its domestic credit agreement, according to the filing.

    The warning comes less than six weeks after the company announced what it called the “next phase of its strategic transformation,” in which it hoped this year to reduce costs by $1 billion and cut its debt and pension obligations by at least $1.5 billion.

    Sears shares were down 17.6 percent in premarket trading on Wednesday.

    The company lost $2.22 billion in the year ended Jan. 28.Since 2013 it has accumulated $7.4 billion in losses and seen revenue fall 44 percent to $22.1 billion.

    During that time, Sears cut the number of its U.S. stores by nearly a third, reduced holdings in Sears Canada, and spun off the Lands’ End clothing chain.

    Its total liabilities stand at $13.19 billion.

    http://www.reuters.com/article/us-sears-going-concern-idUSKBN16S2WG

    • Cinderella Man

      No one cares tool

  • socalbeachdude

    America’s retail apocalypse: How 3,500 stores are set to close across the country in just the next two months

    Chains like Abercrombie & Fitch, American Apparel and Guess are shutting down, as well as major department stores like Macy’s, JCPenney, Sears, and Kmart due to the rise in online shopping.

    http://www.dailymail.co.uk/news/article-4339336/3-500-stores-set-close-country-two-months.html

    • Cinderella Man

      If you’re gonna explain the entire article to us before you provide the link why post it?

    • alan

      Thanks for posting everything at once. The media reports on one company at a time once a week so its not really noticed. This really show how bad it is.
      Also funny how this comes about a few months after the election as if it was all put on hold.

  • socalbeachdude
  • socalbeachdude
    • Cinderella Man

      Two upvotes? Yeah right

  • socalbeachdude

    EVEN NEEDLESS MARKUP IS IN TROUBLE…

    Neiman Marcus says it is exploring options, including a sale

    http://www.reuters.com/article/us-neiman-marcus-gp-sale-idUSKBN16L1N1

  • Bill

    I think Sears will be the first domino as other stores that depend on the draw of Sears loose their traffic. Some smaller stores have escape clauses that allow them to break their lease when foot traffic declines. When many malls close it will be Detroit all over America….

  • Bill

    Michael, why can some privileged posters have links approved instantly while some of us wait a day?

    • SnodtBlossom

      He is a good judge of intelligence.

    • Guest

      Good question. I had thought that including a link in a comment would cause the comment to automatically go into moderation.

      • Bill

        If it smells fishy, it probably is. Wish Michael would “clear the air”!
        Evidently most commenters don’t care if the blog gets cluttered.

        • Cinderella Man

          I care but he dont. I’m friends with Michael on Facebook I’ll see if he will off these turd troll rats snodtbeachdude

    • FirstGarden

      I believe the answer lies in HOW you form a link. Some protocol gets flagged, others not.

      If you Google the topic – Disqus/links/flagging, you’ll probably find an answer.

      • Bill

        Such as being isolated at the end of the comment…..?

  • Mondobeyondo

    Sad to see such a once dominant legacy retailer go down like this. It’s like watching the Titanic sink.

    But they are trying to survive in the 21st century using 20th century (even 19th century, they were founded in 1886) business ideas and strategies. Hello, ever heard of Amazon? They are kicking Sears’s derriere.

    • Bill

      Good point. Always enjoy your thoughts.

    • William Lutz

      Thank God Sears and Payless are going bankrupt. I pray that there will be more store closures in the near future.

    • socalbeachdude

      Amazon is an entirely different type of retailer than Sears and Amazon has rarely ever had any profitability at all.

  • socalbeachdude

    Staples will close 70 stores nationwide as the country’s largest office supply chain tries to recover from poor sales

    Staples has announced that it is closing 70 stores across the US due to a $548million loss in sales in the last fiscal quarter of the year.

    http://www.dailymail.co.uk/news/article-4299480/Staples-close-70-stores-nationwide.html

  • Bill

    Good point. Always enjoy your insight.

  • socalbeachdude

    RadioShack closing 187 stores in latest bankruptcy filing

    Electronics retailer RadioShack has filed for its second bankruptcy in two years and will close 187 more stores this month, about 9% of its 1,943 locations.

    The chain, based in Fort Worth, Texas, previously filed for bankruptcy in 2015, resulting in about 2,400 store closings. Subsequently, General Wireless, a joint venture of hedge fund Standard General and Sprint, acquired it and has run 1,518 stores.

    In a Chapter 11 reorganization petition filed Wednesday in the U.S Bankruptcy Court in Delaware, General Wireless stated it planned to close 187 stores this month, which the process already underway. In addition, the chain says it is closing the RadioShack portion of the 360 stores that it shares with Sprint. Another 971 stores are being evaluated for closure.

    About 1,850 of RadioShack’s 5,900 employees are expected to be affected by the moves.

    Electronics retailer RadioShack has filed for its second bankruptcy in two years and will immediately close 187 more stores, about 12% of its remaining 1,500 locations.

    http://www.usatoday.com/story/money/business/2017/03/09/radioshack-files-bankruptcy-second-time/98943636/

    • FirstGarden

      Their prices were too high.
      Even so, it’s still sad to see them go.

      • socalbeachdude

        Yes, and the store were way too small and carried practically nothing anyone wanted.

        • FirstGarden

          We used to send people there all the time for things like walkie talkies, component parts and other odds & ends. Like so many others, they failed to stay relevant with the times. They tried. But they got away from their bread & butter base and carried things that could be bought everywhere else, and often cheaper. Home electronics is an especially volatile industry. I could literally name 2 dozen companies that went under.

        • alan

          Thats funny, but true. Back in the 70’s and 80’s they had some cool stuff. Then they became a computer store and now a cell phone shop.

          • none

            A cell phone snafuu.

          • manfred127

            …oh yes, and they used to sell kits.You could build anything from a stereo amp to a strobe to a metal detector.

          • Progressive Republican

            Those were the days, but sales of those items virtually disappeared with Tandy’s failure to keep up and update the kits.

            Truly a shame.

          • manfred127

            that might be—-but a 12 year old kid soldering up a xenon strobe with 6kv trigger coils….i don’t think the lawyers would let that happen today…younger males seem incurious today compared to back then

          • Progressive Republican

            Yeah. Liability issues and all…

          • Tim

            I bet some of today’s immigrants would’ve shopped there!

    • LIZ THE SHIZ

      holy crap, you’re even re-posting two year old news , next thing you now you will tell us Pearl Harbor was attacked

      • SnodtBlossom

        Radio Shack closing 552 stores
        March 19, 2017 BY LEADA GORE

        Struggling retailer Radio Shack is closing 552 stores as it navigates its way through its second bankruptcy in two years.

        The chain is closing 36 percent of its locations; the fate of the remaining 1,000 stores remains up in the air. More than 400 stores operated by independent dealers will remain open.
        According to court filings, 187 stores will close immediately and another 365 shutting down by the first week of April.
        Business Insider obtained a list of all 552 locations that are closing.

      • Tim

        By the Germans? Again?!

    • Pic889

      Ironically, RadioShack is less doomed than BestBuy. BestBuy is the place people go to try out stuff before they buy them on Amazon, and the place old people who want to be handholded to make a purchase go (unfortunately, the latter demographic is shrinking). RadioShack could survive if they went back to their roots, aka become a shop where people can quickly snatch that missing cable or adapter or electronic component for their DIY projects without having to wait for delivery. If they started hiring knowledgeable people again, it could happen. But at their current modus operandi of selling cellphones, they are doomed, because carrier shops can do that and they have more specialized stuff.

      • Tim

        “A fish rots from the head” and Radio Shack lost their way.

  • socalbeachdude

    California ALWAYS Leads The Way…

    END OF THE GRILL FOR $15/Hour BURGER-FLIPPER JOBS…

    Burger-flipping robot replaces humans on first day at work

    A burger-flipping robot has just completed its first day on the job at a restaurant in California, replacing humans at the grill.

    Flippy has mastered the art of cooking the perfect burger and has just started work at CaliBurger, a fast-food chain.

    The robotic kitchen assistant, which its makers say can be installed in just five minutes, is the brainchild of Miso Robotics.

    http://www.telegraph.co.uk/technology/2017/03/09/genius-burger-flipping-robot-replaces-humans-first-day-work/

    • GSOB

      Artificial intelligence is no match for natural stupidity.

      • socalbeachdude

        Huh?

        • Spatial Memory

          In other words, artificially cutting and pasting vast amounts of extraneous banter is not sufficient in offsetting the GREATER amounts of PROOFS of natural stupidity- CONFIRMED daily by capital markets REJECTING your GUESSWORK.

          • socalbeachdude

            Your extreme ignorance and stupidity are far beyond utterly mind boggling.

      • sister soldier

        Good one.

    • illusion

      There are parts of the country where skilled labor does not make $15/hr. Are we supposed to feel sorry for a typical fast food worker who is grossly overpaid? California is an illegal alien infested liberal bowl of fruits and nuts.

      • Rick

        Very well stated. I would only add “parasitic.”

        • Jerry C

          Add “lazy”.

    • Rick

      What happens when a customer asks to speak with the cook?

      • LIZ THE SHIZ

        HE GETS FRIED !!!

      • alan

        Well Obama care will cover your ecoli so really nothing to worry about.

      • Richard O. Mann

        Never happens at a fast food joint.

    • CASTIEL

      I dont give a sh#t for that j#ckass….open your own blog, where retards like you could bark at each other….and upvoting his own stupidity like a stupid child….

      • Cinderella Man

        Block em brother…you can still talk smack to them but they can’t reply…a ha ha

    • alan

      I will buy my wife a Mr. Flippy!

      • Richard O. Mann

        Should be an infomerchial for Mr Flippy any day now. Watch your telly between the hours of 2 and 6 am.

        • LIZ THE SHIZ

          I think ” Mr. Flippy” is a great name for a real estate con game where only the con man gets rich

  • socalbeachdude

    Discount Retail: The Next Shoe to Drop?

    Discounting Goes “Mass Market”

    Lately I have been talking about the challenges of luxury retail, malls and other large-format retailers in today’s economic environment. But increasingly, the stars are lining up in a way that will not spare another key group of companies in the retail sector — dollar stores.

    That is significant because discounters such as Dollar Tree Inc. (Nasdaq: DLTR) and Dollar General Corp. (NYSE: DG) have been bona fide growth stories for years. They carved out a widening niche in the minds of consumers (including my own family) as the place to go for all manner of cheap goods, from party favors to cleaning supplies.

    But both companies now have over 13,000 stores. Are they reaching a point of maximum saturation?

    At a glance, the dollar stores would seem to have everything going for them. Dollar Tree, for instance, reported its fourth-quarter results in recent days. Overall sales rose 5% to more than $5.6 billion, with profits totaling $1.36 a share for the period.

    But “same-store sales” — which measure sales gains on a per-store basis — tell a different story…

    It’s part of a shift in the U.S. economy — one we’ve been warning about for a long time. Overindebted American consumers are no longer willing to pay full price for everyday products, not when there’s a home mortgage, a student loan, and a lease or car loan to pay every month.

    You might say, well, that’s what the dollar stores are all about.

    That’s true. But the problem now is that the rest of the retail sector is “following the money” to where their core customers are. It’s a race to the bottom. Now, every company in food retail can’t afford not to have the lowest prices around.

    That’s nothing new for Wal-Mart, of course. But as Bloomberg noted a while back, Kroger is also now cutting prices to compete with Wal-Mart. Even Costco recently raised the price of its memberships by $5 to help offset the price war’s effect on its bottom line.

    Perhaps most telling of all, Whole Foods — with its shares down by more than 50% from its 2013 all-time highs — is in the midst of an effort to woo back customers with discounts and digital coupons. What happened to the old “Whole Paycheck” nickname? It disappeared with its customers’ dollars down the black hole of personal debt.

    http://banyanhill.com/discount-retail-next-shoe-drop/

  • socalbeachdude

    Urban Outfitters CEO Says Retail Carnage Proves ‘Bubble’ Has Burst

    On a conference call to discuss the company’s poor fourth-quarter performance, CEO Richard Hayne likened the retail industry’s current travails to the housing bubble of the 2000s that burst painfully for the whole economy.

    Stores, particularly those focused on apparel, are grappling with drops in foot traffic in the order of 6% a year, and an increasingly promotional environment as consumers shift spending away from clothing, the surfeit of which has made it a commodity. That, coupled with years of overbuilding has led to dismal comparable sales results for specialty clothing stores and department stores in particular.

    http://fortune.com/2017/03/08/urban-outfitters-bubble/

  • socalbeachdude

    Mall REITs rocked by news of J.C. Penney store closures

    Shares of real-estate investment trusts tied to malls fell sharply Friday, after J.C. Penney Co. became the latest retailer to announce plans to close stores, further shaking confidence in the sector at a time of slowing traffic.

    J.C. Penney JCP, -4.79% said it will close 130 to 140 stores in the next few months, to “help align the company’s brick-and-mortar presence with its omnichannel network, thereby redirecting capital resources to invest in locations and initiatives that offer the greatest revenue potential.”

    The department-store operator announced the move as it reported fourth-quarter earnings showing below-consensus sales and offered a weak outlook for 2017 same-store sales.

    http://www.marketwatch.com/story/mall-reits-rocked-by-news-of-jc-penney-store-closures-2017-02-24

    • Cinderella Man

      Rrrrreeetard we can read and watch tv your articles are trash

    • illusion

      There is a website where your comments would be most welcome. It’s called The World Socialist Web Site. You will feel at home with the article authors and commentators who post these half witted articles with no constructive feedback about how to rectify the issue. Also, there is a movement called the Venus Project (a/k/a…Zeitgeist) where you would feel welcomed as an activist.

      • Cinderella Man

        Just block his dumbazzhe’s having a very hard time going thru his gender identity issues can’t decide if he wants to be a office slut fake engineer or a wanna be blogger

        • Rick

          I think he might be a professional idiot!

        • LIZ THE SHIZ

          but it lately wants to be called HOPE [not] just a matter of it’s anti-psychotics dosage that will trigger any of it’s personalities

  • socalbeachdude

    Store closures wreak havoc on shopping malls

    Macy’s and Sears collectively announced 218 store closures within the last week in a move that could cripple dozens of shopping malls across the US — and the problem is only getting worse. On Sunday, The Limited, another mall-based retailer, suddenly shut down all 250 of its stores and laid off 4,000 employees.

    http://www.businessinsider.com/store-closures-wreak-havoc-on-shopping-malls-2017-1

    • Cinderella Man

      No one cares die already

      • mtntrek3

        He does talk out of both sides of his mouth I agree.

        • socalbeachdude

          Absolutely false.

        • Spatial Memory

          For the most part that is accurate – he cuts and pastes “both sides” of his perceived “binary,” boom-bust capital markets environment. Reality is that extraordinarily low interest rate/ carry cost backdrop has perpetuated a protracted “time correction” rather than more common (10%) “price correction”.

          Obviously global central bankers have been much more successful at “stabilizing” or maintaining ordely markets much more effectively and efficiently than his efforts at maintenance of his own ventral tegmental area, nucleus accumbens, and prefrontal cortex, not limited to. Jmho

          • mtntrek3

            🙂 . Without a base……. without the middle and lower classes making the engine run, it’s a no-go. Simple as that. Seriously.

          • Spatial Memory

            A common misconception amongst those that don’t believe in evolution. 🙂

          • mtntrek3

            Evolution as you say in the business world is powered by the ones on the floor.

          • Spatial Memory

            Maybe in the past “the business world WAS powered by the ones on the floor.”

            Today’s avant garde capital markets “open outcry” floor traders have evolved and replaced by digital / electronic methodologies.

            🙂

          • mtntrek3

            Your job will be replaced someday also. Think about it. …………

          • mtntrek3

            Do you think you have job security? Hmmm. Think again.

          • mtntrek3

            Very encouraging. :- / .

          • mtntrek3

            You’re set no matter what , aye? Tell me all about it.

          • socalbeachdude

            Laughably false.

          • mtntrek3

            All is necessary in the business world. One can’t neglect the other. Otherwise……

          • Spatial Memory

            Otherwise…. =SoCluelessBeach syndrome. 🙂

          • mtntrek3

            Ownership/management is necessary. The ones working the floor are very necessary. Otherwise…. . There needs to be a balance. A balance. Did I mention a balance?

          • mtntrek3

            Whom is it you’re arguing for?

          • mtntrek3

            A balance. …….. A balance. ……….

          • mtntrek3

            A balance is necessary. ………..

          • mtntrek3

            May I add, moderation is the key to all of society.

          • Spatial Memory

            Moderation in physics = retardation.
            Moderation in trading = retarding gains.
            🙂

          • mtntrek3

            All in I take it?

          • mtntrek3

            All or nothing.

          • mtntrek3

            So….. I’m a retard. Lol.

          • mtntrek3

            Nothing wrong with having money. It’s what one does with it /how one deals with it.

          • Bill

            I have to disagree with your opinion on bankers who only “stabilize” to maintain their addiction to greed. I will agree the “cut and paste” dude is an overbearing obnoxious purveyor of his diarrhea ego.

          • socalbeachdude

            What utter nonsense.

      • mtntrek3

        And yes, he does need to start his own site …. among other reasons to spare us his crap.

  • socalbeachdude

    Car dealer’s first overflow lot in 37 years exposes US pileup

    For the first time in his 37 years working at New Jersey car dealerships, Larry Kull had to rent extra space to store unsold new Honda vehicles — one of the latest signs that the record U.S. auto market is cooling.

    Across dealer lots in America, inventory is piling up as automakers produce more cars than are being bought. Dealers had about 85 days worth of cars and trucks on hand at the beginning of February — about 22 days more than at the beginning of 2017 and eight days more than a year earlier, according to Automotive News Data Center.

    “The sales are good, I just have more product on the ground than I’ve had before,” said Kull, who has about 60 days of passenger cars including Civic compacts and Accord sedans stocked at an office parking lot down the road from his Honda store in Marlton, New Jersey. He prefers to have just 45 days worth of cars on hand.

    The buildup suggests automakers will have to cut back production or boost discounts as the market’s record growth spurt peters out. Analysts project automakers’ sales slowed this month to a seasonally adjusted annualized rate of 17.5 million light vehicles, according to a Bloomberg News survey, from 17.7 million a year earlier.

    https://www.bloomberg.com/news/articles/2017-02-28/car-dealer-s-first-overflow-lot-in-37-years-exposes-u-s-pileup

    • Cinderella Man

      Warning if you click on socalbeachidiot links you will get a virus in your phone or computer

      • socalbeachdude

        Absolutely false. Why put up stupid LIES?

        • Rick

          Dude you are such an idiot. I bet you cannot even spell “CA Snowflake”.

          • socalbeachdude

            That certainly does describe YOU well.

          • retired22

            Change your name a bit & call yourself ‘socialbeachnude’.That may perk up your appeal!

      • illusion

        Been there…done that.

      • Rick

        Thanks for the warning!

        • socalbeachdude

          Absolutely false.

        • Cinderella Man

          You bet bud..the funniest thing about blocking him is I can talk all the trash I want and he can’t reply ha ha laughably true!

          • SnodtBlossom

            Dirtbag#1 is so pathetic

      • alan

        No one should be using windows any more.

    • Carl

      Seems like the car manufacturers are forcing the retail end to buy more inventory then they need. I predict Larry will soon be going belly up thanks to the forced buying agreement he has with Honda. The deal benefits Honda not Larry. Larry will soon be bankrupt.

    • Rick

      Is Honda US?

      • socalbeachdude

        Yes, as far as manufacturing cars. Honda has huge production facilities here in the USA.

    • Richard O. Mann

      I live just a few miles from the KIA plant in West Point GA. You should see all the vehicles parked around the plant right now. They had to add additional parking lots for them. People are not buying new SUV’s, mid size cars, or even compacts right now. Kia saved this part of the country from going under when the textile companies moved to other parts of the world. When the bottom falls out on auto sales, and Kia starts lay offs, it’s going to hit the fan around here again.

      • socalbeachdude

        Vehicle sales in the USA are down around 20% over the past few months and many vehicle loans are now in trouble and the prices of used vehicles is crashing down hard.

        Auto loan quality continues to deteriorate

        http://www.marketwatch.com/story/auto-loan-quality-to-deteriorate-further-forcing-tighter-underwriting-fitch-2017-03-22

      • Jerry C

        I bought a KIA Sportage in 2000. Never had a problem with the engine for over 10 years, then it wouldn’t start & smelled of gas. Come to find out, the engines were great but they used cheap metal and the gas tank was corroded. Couldn’t even buy a gas tank because every other KIA owner was buying them up. Haven’t bought another, but I really didn’t have a problem with the engine.

      • SnodtBlossom

        Richard O Mann is 63
        He also lived in Alabama

        • LIZ THE SHIZ

          Snodt, do you work for the NSA part time? or the GRU ?

  • Guest

    Such a shame that the comment section of this blog has been hijacked. I used to read the comments after reading the article, but I don’t do that anymore because of a certain user who obviously has an enormous ego.

    • SnodtBlossom

      It’s not hijacked. You are free to comment. We can’t help it if you and the true trolls don’t get upvoted and aren’t popular.

      • Cinderella Man

        True trolls? Ha you are the only troll snodtbeeyatchdude

        • socalbeachdude

          You are the EPITOME of trolldom.

    • Paul Patriot

      Yeah, I know what you mean. You can block that particular hijacker, and it will make a bit less painful to scroll through the seemingly endless posts.

      • Guest

        I just went through the comments section and collapsed all of his comments.

        Everyone should do the same.

      • socalbeachdude

        Leaving nothing of any informative value at all except a very few posts.

    • socalbeachdude

      You don’t read them because you want to preserve your obvious extreme ignorance.

  • Brandon H.

    It’s so nice to have BLOCKED Mr Dude and the Snodfer from this site….,

    • SnodtBlossom

      Brandon has a tiny winker

      • mtntrek3

        Sunny, smh. Seriously. I care for you also. But, ??????? C’mon. Cut the crap please. Thanks.

    • Cinderella Man

      Word brother..I wish I would have done it sooner

  • Bob

    Without a doubt, the middle class America stores close because people do not have the money to shop at them. Most have online ordering, but this still will not save them. With all of the layoffs and job cutbacks, no one has extra money to shop or save. Also, when these laid off workers find a part time job with no benefits, they can barely pay the rent and buy some food. Customers would like to shop at Sears, J.C. Pennys, Payless, and other established stores, but can not do so because of the collapsing economy. Keep up the good reporting, Michael!

    • socalbeachdude

      The biggest issue is that folks have bought far too much stuff over the years and have no place to put any more stuff in their residences.

  • GSOB

    You know it is really bad if or whenever you hear that American Furniture Warehouse is closing stores or going out of business.

    Haven’t heard that yet.

    • FirstGarden

      “Patience is a virtue.”
      🙂

    • socalbeachdude

      What is “American Furniture Warehouse?”

  • FirstGarden

    A lot of scenarios are “iffy” when it comes to an impending crash. But this scenario is not iffy. It’s actually happening. I’ve seen dozens of chain stores fold, and in far better times. Again, consumer spending accounts for more than two-thirds of the economy. Once that sufficiently erodes, like a house built on sand, (sands of credit, extended credit, and in many cases, deliberately reckless speculation), the foundation will give way to the relentless forces of nature impacting it. This is nothing new.

    Like a surfer too long on a wave, and the last big wave at that, and the replenishing tide going down, it will be a very long time before the tide returns that once lifted all ships.

    This is no longer Chicken Little and “the sky is falling!”
    It’s more like the little boy cried wolf, and the wolf is finally here.

    I’m sure someone could explain it better. I’m a philosopher, not an economist. But anyone with eyes in their head can see what’s coming down. Or at least sense something BIG.

    Have you really, really thought about it? I’m assuming I’ll be able to repay my mortgage, especially since our last REFI, which was great! 4.75 down to now 3.25, we were able to seize the moment while the rates were at historic lows.

    (And boy, what a “Rate & Switch” game that was, when the lender did all they could to delay and push us past the locked-in rate deadline!
    A letter to the CEO, and mention of legal action changed that tune fast!)
    Since our REFI, just over 3 months ago, our loan has been sold off at least once, possibly twice.

    But, I’m mentally prepared for several scenarios. Bank accounts can be frozen, cash raided, food taken, guns outgunned by bigger, badder and more guns. I even think of surviving homeless (though I doubt I’ll ever *be* homeless.) But, let’s say that in an extreme scenario you are homeless for a while? Do you know how to fast? To survive off wild edibles? To gather water from unusual sources? To build a shelter?

    For those concerned, you may be keenly aware that anything can be taken from you in a crisis. A tent, a bicycle, even your clothing. Even your very life.

    You don’t have to be super worried or anything. Just be prepared, mainly in attitude. And, above all, remember that God will take care of you if you ask Him to.

    • Ricardo

      > And, above all, remember that God will take care of you if you ask Him to. <

      And that there is the clincher. God will take care of you if you ask Him to. But for many because they don't believe they don't ask. It is so simple …believe…have faith….ask and He will provide. But if you don't bother to ask then He won't provide.
      Not because He doesn't want to but because He has given you choice. The choice to ask or not ask. So if you don't ask He doesn't give because He gives you that choice.
      What an awesome loving God we have.

      • socalbeachdude

        Obviously that has nothing whatsoever to do with the economic situations unfolding in retail all over America.

      • Carl

        OK Ricardo. Prove it. Stop working and paying all of your bills and ask god to provide for you. Let’s see how that works out for you.

        • Ricardo

          Have already done that. Had no income. Couldn’t even find the money to buy a box of matches to light the fire to cook (I live in a tropical country) and had to ask the neighbour for a hot coal from their fire to light my own fire to cook lunch.
          The good Lord gave me teaching work in another country so that I could support my family. Now after 3 years I am able to head home to my family.
          Been there, done that. Have faith and pray, it does work.

          • Carl

            Really so the teaching work in said country just materialized on it’s own with no work on your part? Nonsense.

            For it to be a truly supernatural and god ordained experience you would need to sit in a room. Do nothing. Pray to receive what you need and wait for it to happen.

            Asking your neighbor for a hot coal proves that you had to physically go to said neighbor and ask for said hot coal. Had you stayed put and not asked for said hot coal and only prayed for a hot coal I can guarantee you one would not have been provided to you.

          • Ricardo

            O no. Man has to play his part. You can’t just sit around. The story of Moses and the Hebrew people crossing the Red Sea is a case in point. Moses had to have faith, put his staff in the water first and then God worked. The people had to have faith, march around Jericho seven times and then God worked.
            I had to have faith first, look for a teaching job and then God worked.
            If you refuse to believe, that is your choice and God doesn’t take choice away from people.
            End of the subject from me.

  • geoffandmarie418@aol.com

    This is what happens when good jobs/careers are outsource, and people stand around and let it happen. Most People now have just enough money to pay their motg/rent, utilities, food, etc…

    • socalbeachdude

      And just what would those “good jobs” at high wages actually produce for the US economy? No employer is going to create or maintain jobs if those jobs do not produce profits for the employer.

  • tacoma

    Why do empires die? Why because empires first grow by conquering beyond their national boundaries, and just keep doing it until they can’t handle it anymore. They can’t stop the endless conquering, the expansion of money and power; can’t manage the resulting bubble of mess. So the thing just blows up.

    All empires in history have died. Even the biggest of them all up to the 20th century – the British Empire. During the 19th century, Queen Victoria oversaw the height of the empire. Such glory and might, such wonders and achievements. The Sun never set on her glorious conquests. She and her aristocrats cannot imagine in the most extreme of nightmare their grandest country would go down in flame so soon, so fast, so deadly, so total. Even more, they cannot fathom even the most remotest possibility of they themselves, mighty and wisest British, will the the main cause, the main actor of their self-destruction.

    But this exactly how it happened.

    The bigger the empire, the bigger the bubble, and the bigger then crash. For the British Empire, the final crashes were two World Wars, most bloody indeed. And now all signs are at play for an almost exact repeat of history by the American Empire.

    American ruling elites are famous for dispatching history – because they are ‘too wise’ to let bad history happen to them. America have been experiencing bubbles of various kinds the past 30 years. Each time the ‘wise’ rulers imposed measured that ensured the next bubble will get bigger. Today the country is packed full of excesses, contradictions, in a full blown political civil war. Crash of the M&A bubble. Crash of junk bond bubble. Crash of tech bubble. Crash of the stock bubble. Crash of Greenspan ‘Irrational Exuberance’ bubble. Crash of housing bubble. Crash of subprime mortgage bubble. Crash of retail bubble. Crash of jobs. Crash of pension and food stamps. Crash of 200 million firearms bubble. And soon to come, crash of the runaway Military-Industrial Complex trillion dollar bubble.

    Is unpayable student loan bubble now one trillion dollar?

    Like the British Empire, the American Empire had warred almost non-stop for 2 centuries. One of their common bubbles is their enemies just kept getting bigger.

    There is no escape for the American Crash. My only hope is this one will not end with a WW3. But I’m afraid this hope is slim. After all, one of the great American bubbles is it does love war.

  • geoffandmarie418@aol.com

    At times the biggest enemies of the American people aren’t overseas terrorist, but threat much closer to home an much mire subtle. Economic terrorism!!

    • socalbeachdude

      The biggest enemies of the American people are the American people themselves.

  • JC Teecher

    Sears started losing dedicated customers a few decades ago when they did not break out of their conventional methods of marketing two of the best products they ever sold; Craftsman tools and Kenmore appliances.

    They did not follow the new tool distributors like MAC Tools, Matco, etc.
    They added cheap built Craftsman mowers and such, with Chinese parts, and other equipment that was overpriced and they did not have a good warranty and customer service.

    the Kenmore line was no better. The company wide attitude of “we are too big to fail”, has come back to haunt them.

    Payless? I guess shoes alone are not getting enough sales, but I have had good luck finding quality, American made shoes, at deep discounts on their shelves.

    Bottom line in today’s markets is that the only people that seem to have enough money to buy much of anything are the immigrants that are sucking up taxpayers dollars to the tune of billions daily, and they basically buy cheaper from Mexico an Walmart; or the upper middle class and super rich, that buy from the big ticket, big city retailers, and online.

    • mtntrek3

      Agree, except for the last paragraph.

      • socalbeachdude

        What utter nonsense.

      • sister soldier

        May God bless us indeed.

        • mtntrek3

          Our main Hope is in God through Christ. Yes indeed. 🙂 .

          • sister soldier

            Amen and Amen again.

      • Carl

        “We know that God won’t allow it.” How do you know that since his ways are above ours? So he won’t allow the NWO to destroy america but he allows america to destroy other countries?

        • mtntrek3

          Jesus will one day in the not so distant future come back to set this fallen world right. He will. Please consider Christ as your Savior. …..America is part of the world. We’re faulty along with the rest of it overall. It’s an individual thing. Each of us has to determine our eternal destiny. God loves you and all of us. He’s reaching out to us. We have to decide whether or not we will reach out to take His hand in return. 🙂 . Got to go for now. Take care. Chris.

          • Carl

            You did not answer the question. What are you afraid of?

          • mtntrek3

            Don’t fear those that can kill the body, rather… fear the One that can destroy both the body and soul in Hell. ….. Carl, obviously you have a serious problem with God. …… My suggestion is that you take it up with God personally. Check out God’s Word for yourself please. …….. Take care. Chris.

          • Carl

            You still did not answer the question: “We know that God won’t allow it.” How do you know that since his ways are above ours?

          • mtntrek3

            God will not allow man to create a world in accordance to his ways. We’ve messed up the world enough……. for the elite (or whomever among us) to destroy and rebuild it along with their agendas would be a disaster upon a disaster. How do I know what God has done and will do? Through His Word. Check it out for yourself. Good day.

          • Carl

            So what kind of world will god allow man to create? If he has not allowed us to create the current world we live in?

            And god not allowing us to do anything implies there is no free will.

          • mtntrek3

            There are limits to what God will tolerate. We are reaching that quickly. There’s a line that we won’t be allowed to pass. …… It will culminate with the antichrist and the final world war.

          • Carl

            I think the real question is what won’t god tolerate? We have genocide, famine, torturing of animals, rape, murder, torture of human beings, destruction of the environment by corporations, pollution of our air, tainted food supply with GMO’s and chemicals, corporations that intentionally poison people and cause them to get cancer, legal system that is corrupt…and the list could go on and on.

            God must have a pretty high tolerance since none of that has gotten his attention just yet.

            What exactly would you consider to be gods breaking point?

          • mtntrek3

            It’s coming. My God, my God….. why have you forsaken Me? The life, death and resurrection of Christ was one great marker in time . The next will start with the antichrist establishing a seven year treaty with Israel. Midway….. he will break it and claim that he is god. All hell will break loose on earth thereafter . At the end of this time…… Christ will come for His people.

          • Carl

            My God, my God….. why have you forsaken Me?

            So god was asking himself why he was forsaking himself? That does not make any sense.

            What about the part where satan is put in the pit and then released again for a season (which means how long)? Why put him in the pit, release him and then finally after who knows how long destroy him? What is he not going to do or do that he hasn’t done already? Same with people.

          • mtntrek3

            We only understand in part now. …… One day we will know fully and understand being directly in God presence, that is through accepting Jesus as our Savior first. The thing is, there are different levels of intelligence. God’s ways are far beyond ours. A dog for example doesn’t have the intelligence we do. ……. . Why is Satan let loose again for awhile? I’m not sure about that. Only God Himself knows certain things.

          • Carl

            “A dog for example doesn’t have the intelligence we do.” And yet with all it’s supposed stupidity a dog is a far more keen and aware than many human beings. Who is to say we are not the blind ones and the animals are far more superior to us?

            If you want to give god a free pass on everything then go ahead. Saying gods ways are beyond us is just an excuse to not think.

          • mtntrek3

            Our best minds can’t do what God does and has done. God created the universe and all that is in it. He created the world and all that is in it. We can’t create living things. We’re making advancements technology wise (bio-tech’s for example) …. yet we know about enough to get ourselves into trouble imho.

          • mtntrek3

            Carl, I agree with you on the remark about dogs being more keen/aware than some of us. Sad but true. ……. I have questions too. Yet, I trust in God through Christ. That’s my hope for everyone. : ). Again, take care Carl. Chris.

          • mtntrek3

            All of this and more Gods sees. Mankind will become more sinful the closer we get to the end of this age. All hell will break loose in the last three and a half or so years in particular. God says that unless those times be shortened…. no one would remain alive. Yes Carl, I admit I wonder about all that is in this world. I myself have even gotten mad at God at times for such things as these you’ve mentioned. ….. Yet, I have to remember that God is ultimately still in control. He suffered many things while in this world, of course the cross being the worst of it. He demonstrated there that He wouldn’t have us go through something horrible without He Himself doing it as well. He also had to do this as a sin sacrifice for us. Otherwise, none of us would have a chance of making it to Heaven one day. One happy day as Christians we will be in paradise after leaving this world…… one happy day God will set this world as we know it right also. Take care Carl. 🙂 . Chris.

          • Carl

            “Mankind will become more sinful the closer we get to the end of this age.” How much more sinful can people get? They are already doing the worst of the worst – just because you don’t know about it does not mean it isn’t happening.

            God did not suffer on this earth since many say jesus is NOT god and some say he is. I still don’t get it. Was god on the earth or was it someone else?

            God does not have to do any sacrifices. He is god he can do whatever he wants. Man is the one who made it so animals would be first required as an atonement for sins which was born out of ignorance and then came the final supposed sacrifice a sinless man.

            Yet even for christians that final sacrifice is still NOT enough because man has attached stipulations to that even.

            When animals were sacrificed the spilling of blood was enough no one was forced to believe in the deity of the hundreds of thousands of animals that were massacred. The smell of which was absolutely divine to god (why would it be?)

            Yet now we are told that jesus was not just a sacrifice but god. As if a divine eternal being could ever take the form of a fallen and sinful man nor would it want to or need to.

            Which christians will get to live in heaven? There are so many it will be hard for god to pick and choose. Maybe he can have a contest with the devil to see which group is the most devout.

          • mtntrek3

            Animal sacrifices were a symbol of the fact that the remission of sins required the shedding of blood. Animal sacrifices weren’t sufficient….. Christ’s blood was, and is. ……Jesus was fully man and God. The Holy Trinity: The Father, The Son and The Holy Spirit. They’re all One, yet in three forms. Water is an example. There’s ice, water and water vapor. All three are water, yet in different forms. …..Which Christians will get to go to Heaven? There’s only one type of Christian….. the people that have realized that they’re sinners, asked God through His Son Jesus to forgive them of their sins….. then through help of the Holy Spirit live a better life. : ) .

          • mtntrek3

            You can mock me, but God isn’t mocked.

          • Carl

            I am not mocking you I am asking you what kind of world will god put up with that is created by man?

          • mtntrek3

            None.

          • mtntrek3

            The powers that be look to tear down and rebuild the world as they want it to be. It’ll never happen.

          • Carl

            Exactly what kind of world is that?

          • mtntrek3

            “Order out of chaos” ……. . Won’t happen.

          • mtntrek3

            The destruction of the middle class around the world is evidence that the NWO participants are active and determined. But, … ultimately they will fail. To be continued. ……….. SLFN. Chris.

          • Carl

            That really did not answer the question. Why does god care about the middle class?

    • socalbeachdude

      Kenmore appliances were always low-end appliances relative to other brands. The Craftsman tools are just fine and I have a number of them, but how many tools are people going to need and buy with lifetime guarantees?

    • billtheguy

      Many items went the cheap route. Cub Cadet, low end lawn tractors now made by MTD. If you live in the north and look at snow throwers, they all look the same, with subtle differences other than color. I have to admit it though, MAC tools; 4 screwdrivers cost around $80. More than I can afford.

  • JC Teecher

    Michael says……..”Years ago I wrote of a time when we would see boarded-up storefronts all across America, and now it is happening.”

    You called it right, Michael.

    The plan of the liberal agenda is right on track to eliminate the middle class, patriot, Christian Americans. They have been indoctrinated for decades by the underworld/Shadow Gov, and have to succeed in their quest to have two classes of people in order, to bring in the new order.

    They want laborers that are not educated, (hello…South american immigrants, and middle eastern numb nuts).

    Not all hispanics are dumb liberal supporters, as not all blacks are dumbed down liberal supporters…but..the majority are clueless.

    Shopping Centers will be nothing but Grocery stores and Eateries, in a few years. Malls will be either torn down or converted into housing and or office space. The list of closures will continue.
    If you don’t like Walmarket; better stock up on shoes and clothing while you can, before there are no other choices.

    When taxes become to costly to stay in business, the small business on the main streets of america will close shop.

    • FirstGarden

      We have vacant shops, here and there, all over town. We live near Pasadena. Some of them are on main streets, too.

      • socalbeachdude

        The landlords are charging way too high of rent.

    • mtntrek3

      This all started years ago and continues to this day….. the powers that be are selling us out. Greed.

  • PoorBoy2

    Just curious how other alternative marketing methods such as Amway are doing. We know Amazon is doing great, but if we add the internet pluses with the brick and mortar minuses do we break even? Is this a market shift or a market shift and decline?

    • FirstGarden

      Amway and other MLMs require a lot of enthusiasm and constant motivating of others to keep your “pyramid” from crumbling beneath you. In good times it’s tough and all-consuming. In times like this, I wouldn’t.

      We once tried Melaleuca, or Smell-The-Lucre, as it were. Same kind of thing, but probably better than others.

    • socalbeachdude

      Amazon is certainly not doing “great” at all and still has practically NO PROFIT.

  • David

    Here in Colorado Springs we have a strip mall on Academy & Palmer Park with 22 retail spaces all boarded up & no takers.

    • FirstGarden

      Heavy!

    • JC Teecher

      Hey David. Colorado Springs was once my favorite place that I planned to relocate to after i retired. I visited there a couple times, and always admired the beauty of Pike Peak in the background. Miles of farmland to the east, and endless trout fishing and elk hunting to the west, could have made me a happy camper for the remainder of my days in this world.

      But; as timing could have it, the collapse is too near, and we have put all our prepping eggs into the smaller mountains basket here in the Appalachia region for now.
      Bugout is cool, calm, and all collected for the storm.

      wish you well there!

  • William Lutz

    I’m actually glad about the retail apocalypse. I can’t wait until Sears and Payless go out of business. I get excited and start laughing about the day I will find those mall stores empty. Note: I’m drinking Kool Aid as I’m writing this comment.

    • socalbeachdude

      Sears is a wonderful and excellent retail department store and I shop there frequently.

    • Mark

      OH NO!!!! OH Yeah!!! 🙂

    • aldownunder

      Time for a pill

  • mtntrek3

    Can’t do business with people with little to no money. R. Perot. Can’t have a solid economy with more and more people working at retail/service sector jobs. ……. .

  • Cinderella Man

    Hello

  • Cinderella Man

    Seriously? I can’t say that? Ok how about restrict travel for dangerous people

  • Cinderella Man

    From a certain area in asia

  • Cinderella Man

    B a n the m u s I i m s a v a g e s

    • socalbeachdude

      No religious group can ever be banned in America.

  • Cinderella Man

    Stop worrying about Sears. They suck. The 1980s called they want their store back. Why don’t you worry about I I I e a g a I a I i e n s c u m that have come for your kids

    • socalbeachdude

      Sears is a wonderful and excellent department store.

    • Cinderella Man

      I’m sorry Twaatblossom did you say something? Didn’t quite catch that lmao

  • mtntrek3

    Robotics/automation along with greed will take society down eventually.

  • mtntrek3

    Lol.

  • Cinderella Man

    Man that’s crazy when you block socalbeachtard the comment thread gets much shorter…for those of you who may not know and I encourage all of you who can’t stand the troll snodtblossom and the usurper socalbeachdude simply click on the triangle icon next to their name and press block. If we all block them we take away their fun. There is nothing more a troll rat hates than being ignored and irrelevant..

    • mtntrek3

      Cheers. Thanks.

    • socalbeachdude

      And precisely what have you ever contributed here except TOTAL NEGATIVITY? Why? What’s the point of just trying to destroy things? Do you really think any one with any intelligence has any interest in your endless mindless destructive negativity?

  • Ricardo

    After blocking snotty and unsocial I’ve got huge tracts of white space on my screen with the words “This user is blocked”.
    It must be what America is going to look like when all the malls have closed down.

    • socalbeachdude

      And that’s what you want to see? Blank space? Empty stores? Why? Then what?

  • socalbeachdude

    ‘Pure exuberance’: Investor sentiment hasn’t been this high since two bubbles ago

    Forget the dot-com boom with its “irrational exuberance” and the real estate bubble that was supposed to be invincible: Current market sentiment eclipses all of that.

    In fact, bullishness has never been this high going all the way back to 1987.

    That’s through three rousing bull markets, a couple of crashes, the “Great Moderation” of the 1990s and all sorts of other history-making events. A market that was supposed to flounder this year under a new president instead has taken off, and investors are pumped.

    http://www.cnbc.com/2017/03/01/investor-sentiment-hasnt-been-this-high-since-1987.html

  • socalbeachdude

    Pepsi is firing dozens of workers in the Philadelphia area after city passes soda tax which has slashed the company’s sales

    The move has been branded a ‘new low’ for the industry by the city, which accused Pepsi of ‘holding hostage the jobs of hard-working people’.

    http://www.dailymail.co.uk/news/article-4272196/Pepsi-lay-80-100-workers-citing-Philadelphia-tax.html

  • socalbeachdude

    Why Tesla Had to Lay Off 3000 SolarCity Employees

    Tesla’s (NASDAQ:TSLA) acquisition of sister company SolarCity last year was an incredibly contentious and polarizing deal. Some saw it as a bailout, while others bought into Musk’s vision of a vertically integrated sustainable energy company…

    https://www.fool.com/investing/2017/03/02/why-tesla-had-to-lay-off-3000-solarcity-employees.aspx

  • socalbeachdude

    MarketWatch: This chart says a selloff is looming as fear stalks stock market rally

    http://www.marketwatch.com/story/get-ready-for-a-selloff-as-fear-stalks-this-stock-market-rally-2017-03-03

  • socalbeachdude

    Gander Mountain files for bankruptcy

    Gander Mountain, the nation’s largest chain of outdoors specialty stores, filed Friday for Chapter 11 bankruptcy protection from its creditors with the aim of selling the business.

    http://www.startribune.com/gander-mountain-files-for-bankruptcy/415902624/

  • socalbeachdude
  • socalbeachdude

    Nike’s biggest-ever price drop can be blamed for Dow’s fifth-straight loss

    http://www.marketwatch.com/story/nikes-biggest-ever-price-drop-can-be-blamed-for-dows-fifth-straight-loss-2017-03-22

  • socalbeachdude
    • none

      I thought it was that parents have finally figured out, that going shoeless is best for children.
      Their feet develop better when not inside shoes.

  • Gleimhart Mantooso

    Sears has been lame, boring, and dates for decades now, and their service routinely sucked.

    • socalbeachdude

      Absolutely false.

      • Gleimhart Mantooso

        Your using of bold letters convinced me!

        SoCalBeachDude has been lame, boring, and dated for decades now, and he routinely sucks.

        • socalbeachdude

          Laughably false.

          • Gleimhart Mantooso

            You forgot to use bold letters, so why should I believe you?

          • socalbeachdude

            Sears.com and ShopYourWay.com are wonderful web sites with a wealth of wonderful products at great prices.

          • Gleimhart Mantooso

            Only a phag would up-vote his own comment.

            Sears is going out of business. Good riddance. Yay!

          • socalbeachdude

            Sears is a great store and it is very unlikely they will go out of business. They will shed money losing operations including K-Mart and manage to survive in all likelihood.

          • Gleimhart Mantooso

            Sears sucks, big time. When they go to their well-earned end, I will remember the many forms of their lameness.

  • socalbeachdude

    Sears has a wonderful and excellent web site at:

    http://www.Sears.com

    • mtntrek3

      You know SBD, I care for you. I do. Yet, maybe you need to start your own website. Just a suggestion. Give others a chance out here on the blog. Thanks. Chris.

      • socalbeachdude

        The space here is LIMITLESS for comments, but apparently the intelligence of a few is very limited.

        • mtntrek3

          ……. Ummmmm . Smh. 🙂 / :- . Really, have you considered your own website? Just an observation.

          • socalbeachdude

            Why on earth would I want to do that?

          • mtntrek3

            If I have to explain it to you…… . Smh. Moderation. 🙂 .

          • mtntrek3

            Really?

          • mtntrek3

            Good day SBD. Christ is the Way.

        • mtntrek3

          We must take into consideration everyone here. 🙂 . And o.k., I’ll take my blocks off. Sunny’s also. You guys…… . Damn spots. Lol. My humble advice…… don’t drown out others, let everyone have a chance. This is Michael and Meranda’s site. Get real, you’re not always right, nor is anyone else. …… There us One that is always right. I must sign off with the Truth. Christ is the Way. ……. Chris.

        • mtntrek3

          Seriously, there is mankind’s intelligence… and there is that of God. His way’s are above ours.

        • mtntrek3

          My humble advice, shed the arrogance. No one is absolutely correct…. except for God.

        • Realist

          Bravo! Bravo!

          • socalbeachdude

            Thank you!

      • Cinderella Man

        Just block the idiot it’s awesome

  • socalbeachdude

    Are you seriously THAT STUPID? Really?

  • mtntrek3

    Words fail. The corporate look to cheaper labor, and that’s understandable. Along the way, corporate needs to realize that they must afford their workers a livable wage as they are able. Otherwise, …..one day they will be bitten in the a– . An economy can’t exist for long with just the rich and poor. It’ll all come tumbling down. Moderation in all things. …… Christ first.

  • illusion

    I fail to see the issue that this article is presenting. Throughout history all industries have evolved into a more efficient business model. There is not some evil force lurking in the background causing these retail chains to go bankrupt. These retail chains could no longer compete in the marketplace. Are we supposed to preserve these dinosaurs just to maintain a way of life? What happened to all of the horse cart manufacturers when the automobile came on the scene? How many typewriters have you seen for sale at Best Buy? Do you save your computer files on a floppy disk?

    • mtntrek3

      The thing is, it’s all headed towards no good for most of us. Advancement/Technology is good …. to a point. Where that point is is coming soon. Think about it….. technology is replacing many of our jobs. ……. Most of us will be replaced by AI soon.

      • aldownunder

        It’s when technology replaces police and armed forces that we really have to worry

    • socalbeachdude

      Retail businesses are COLLAPSING ALL OVER AMERICA and they are the primary retail businesses in America. What about that do you not comprehend?

      • illusion

        Our favorite troll from the land of fruits and nuts is up early today.

        • mtntrek3

          Can’t we all just get along. Lol.

          • JC Teecher

            Sadly, no. That will not happen until the separating of the sheep and goats, Mr. Chris. Glad you and I can bleat with the sheep, in that day.

          • LIZ THE SHIZ

            huh, you fornicate with goats and sheep?, may Allah give you 72 raisins in heaven

        • mtntrek3

          Actually though, our failures as mankind in various ways are sad. We all share a portion of it. ……..

        • Realist

          That was funny.
          Stupid, but funny.

  • mtntrek3

    BTW, my apologies to SBD and all for my previous obscene rant. We may disagree, but what I did was wrong. ……. Take care all. Chris.

    • FirstGarden

      That is rare honesty.
      Good show, matey.

      • mtntrek3

        To God go the praises. : )

      • mtntrek3

        My life ….. smh. I’m fortunate that God has allowed me to be here now. God is merciful, loving. God has rescued me from more than one stupid episode in my life. God is good. 🙂 .

        • Carl

          Tell that to an abused child.

          • JC Teecher

            I have tried to block you, but for some insane reason your moniker cannot be blocked by me. I wonder how much you get paid to act as a troll?

          • aldownunder

            How is stating a fact trolling
            Just because he does’t believe in what you believe in
            Any idea how many innocent children have been abused by so called trusted members of the church

          • mtntrek3

            To the extreme, Christ died for all of us. God loves us all that much. Children that are abused….. words fail. The thing is….. the abusers, unless they repent…. will spend eternity in the lake of fire.

          • Carl

            That is little consolation to a child being brutally beaten on a daily basis don’t you think? Yet you boast that god has intervened in your life and helped you out. How is that fair?

          • mtntrek3

            I didn’t boast of what God has done for me, but am thankful indeed. To the situation in which you point…… the perpetrator will spend his/her eternity in the lake of fire unless said perp repents of their sins. The child…… hopefully he/she survives. If not ….. the child will be in Heaven once departed from this world. You speak of fairness……. it’s an increasingly rare commodity in the fallen world in which we live.

          • Carl

            Yes it is a boast. Saying god helped you out but refuses to help out others, especially defenseless children. But your god is supposed to be perfect, fair and all knowing. That is who we are talking about, not mere humans whom god made for good and bad.

            And you logic about the child being in heaven is nice and warm and fuzzy but does not do anything to prove your god is loving, merciful, all knowing and that he answers and intervenes in the lives of anyone.

          • mtntrek3

            This world is fallen…… imperfect. We screwed it up. Suffering continues sadly. …… Jesus will one day make it right in the not so distant future. Until then nature moans and groans in travail as the Apostle Paul said.

          • Carl

            That’s fine if you want to believe that.

            However, if that is the case you cannot say that god is going to do this or intervene with that or that he is protecting the united states (as many believe) because you can’t have it both ways.

          • mtntrek3

            Jesus is the Way, the Truth and the Life . You want to argue with God obviously. Feel free to take it up with Him. Take care. Chris.

          • Carl

            I didn’t screw anything up. A perfect creator incapable of sin and imperfection created an imperfect creature called human. Paul was NEVER an apostle BTW.

          • mtntrek3

            Technically….. ? I believe has was alive when Christ was here. He of course didn’t believe in Him and start following until after Jesus ascended back to Heaven. You haven’t screwed anything up? Really? Never made any mistakes? O. …. .K.

          • mtntrek3

            Not many things are “fair” in this fallen world Carl. Check out God’s Word for yourself Carl. ……… . You’re doing better than a beaten child. How is that fair? ………. This world is screwed up by our sins. Jesus came and gave His Life for us so that if we believe in Him we will live life eternally once departed from this world. Look up John 3:16. Gotta go for now. Chris.

  • mtntrek3

    Michael and Meranda…… God Bless and take care. The signs of the times are all about us. Our ways as mankind are failing. We may not always agree on certain things, but we agree on our Savior. Jesus is the Way, the Truth and the Life. 🙂 . Chris.

  • geoffandmarie418@aol.com

    We Americans have got to stop fighting against one another as it is getting us nowhere fast!!! At time the American peoples greatest enemies com not from a far and distant shore, but come from within our own shores.

    On september 11, 2001 terrorist under the direction of Osama Bin Laden launched a series of attacks against this country. Planes ” crashed” into the 2 World Trade Centers and the Pentagon
    killing thousands and causing wide spread devastation.

    During the financial crisis that hit America around 2008, a lot of good people suffered from economic terrorist that “crashed”
    our economy. Millions of good jobs/careers were either out sourced or done away with entirely, causing untold suffering for millions of good decent folks trying to make a living. Milions more good folks lost their retirement investments when walk street

    • mtntrek3

      It’s within and without imho. Christ is the Way.

      • Carl

        What does that even mean? Is he the way for the rest of the global population that lives on pennies a day and does not have the luxury to whine about an overpriced latte? To the child who spends their life crawling through old computer parts (discarded because they were made to be obsolete and keep us consuming for the latest and greatest) to scavenge for something they can sell for a meal?

        The pure randomness of life and where we live and whom we are born to should be evidence enough that there is no divine creator guiding the paths of the young and old. Just chance and luck.

        Most people will be used as little more than slaves to create goods for richer nations and their people. They will never have a chance to sit and brood about life and all the first world problems we have. They will be used until they are no longer useful and tossed away like trash.

        So where is your god in all of that?

        • JC Teecher

          If you are so smart, how come you never repaired a simple problem like a rubber seal on the bottom of your garage door; yet you bitch when you had rather replace the whole thing, instead of doing a simple repair, and the cost is out of your budget?

          doesn’t sound like a very intelligent being to me. Definitely not a God revering person as you should be.
          so, please; spare us your sad, and never ending song about refusing to acknowledge your Creator. (whiner)
          YOu are sounding like the evil twin of fartyblossom. lol

          • Carl

            I could jerry rig something for the garage door but it would not look very nice. Sure I am a first world complainer too. I have it easier than many and most of the rest of the planet, but at least I don’t wax poetic about god and crow about how he is doing this or that for me while letting others suffer horrible lives.

            Unlike you I know we are all on our own while on this earth. Not one of us is more special or more deserving than another and for anyone to say well god helped me out of this or that situation is ego on steroids considering all of those whom he has not helped.

            Is there a source or creator – more than likely. Is it involved in the daily lives of humans on this planet – definitely not.

            My biggest issue is that christians don’t acknowledge all the bad in the world that god does nothing to stop. For arguments sake let’s leave adults out of the equation and just talk about children 3 and under who suffer extreme abuse by adults. Sure we have free will but a persons free will granted by god should not extend to injuring a helpless child under 3 who has no power. Where is their free will in that scenario?

            When christians speak about god helping them get a mortgage or something material it really just cheapens your god and makes him look really bad. Especially prayer before sporting events.

          • mtntrek3

            The Creator of this world endured many hardships, suffering, and ultimately death on the cross for us. ……. That is love in it’s truest form.

          • Carl

            Seems like the only hardship he really suffered was the nailing on the cross. Everything else was pretty much rosy for him before that. Now maybe if joseph and mary were child abusers we could say he endured hardships. But they weren’t were they?

          • mtntrek3

            No, he didn’t have a rosy life here on earth. Birds have nests, foxes have dens, but the Son of Man doesn’t have a place to lay His head. ……. Just asking, why the bitterness?

          • Carl

            He was poor because he choose not to work and he relied on others to give him stuff. He was in fact the first communist.

          • mtntrek3

            He was a carpenter. ….. You know, there are questions I have that are similar to yours in regards to why such cruelty goes on in the world as you’ve mentioned. Some things just are what they are …. until Christ comes back to set this world right. The prince of this world (Satan) has hijacked it in a sense, and for the time being. Satan’s time is growing very short.

          • JC Teecher

            Face it, you are dumb as a box of rocks Carl.
            The more you talk, the bigger the box gets.

          • mtntrek3

            Lol. 🙂 .

        • mtntrek3

          We as mankind have ruined what God had planned as paradise. Our failures have ruined the world as we know it. Yes, there’s the fortunate and less so. Some born into wealth in this world and some born into poverty. ….. Some do well, others not so much. Some rise above poverty and adversity and do well, some less so. Some are born into wealth and do well, others may spend it all away and end up in ruins. ….. Being born into wealth doesn’t automatically mean success. On the other side of the coin, being born into poverty doesn’t necessarily mean ruin. ……. I have to say, impoverishment is a H of a thing to overcome. ….. But, so are riches without the wisdom and maturity to handle it. Myself……. I’m in between the spectrum of the financial world. I’ve experienced better, and worse. I’ve learned the past twenty or so years in particular to be grateful for what we have and to be content with it. ……. Yes there are many injustices in the world as we know it presently. My heart goes out to the suffering, and suffering in many ways. Many horrible things going on in the world. ….. How did Christ live? Very Humbly. More so than many of us today. He set an example for us all. He IS the example for all of us. He suffered much in this world (take a look at His life in the Bible ….. all the way to the cross). The thing is….. we can’t understand all that is completely until we cross over to the other side. We see through a glass darkly now …. a partial rendition of the Apostle Paul. The main thing is……… we must accept Christ as our Savior first and foremost. Regarding our life here on earth……. we trust in God now, and the hereafter. Eternity is the most important of course. Pain and pleasure are but for a moment……. eternity is forever. ………. Look up John 3:16 for starters. 🙂 Take care. Chris.

          • Carl

            “We as mankind have ruined what God had planned as paradise.”

            We did not ruin anything. Supposedly 2 people did and the rest of humanity has to suffer for it? It is illogical. I for one will not be blamed nor will I take the blame for that. It is simply a lie meant to enslave us into believing that we are unable to not do bad things.

            If the first man and woman were created by god then that means that all the traits each possessed came from god himself. This includes obedience and disobedience. The ability to do moral and immoral things all came from the same place. So for anyone to say that human beings went against god that is not true. They were doing exactly what they were created to do from the beginning.

          • mtntrek3

            God’s ways are above ours. ….. We were given the choice between good and bad. We chose the wrong way. We still do to this day overall. None of us are perfect…….. yet we can be forgiven through Christ. God through His Son Jesus went through many things for us. We can’t imagine what He suffered for us. He loves us so very much.

          • Carl

            By saying gods ways are above ours is just a fancy way of trying to not think about things. It just waves away all the ambiguity in your bible and buries it deep down. Human beings were made by god. Our ability to do right and wrong was put into us by god. After he was angry that adam and eve did not listen to him he added in even more evil into our beings. Maybe that is what he wanted from the beginning.

            Ironically choosing one group of people to favor over others seems more human than god like to me. Not to mention the reason many give by saying he has to prove the blood line of jesus. Why? He is god he does not have to prove anything to anyone, ever.

            Not to mention he is god he can do whatever he wants he requires no sinless sacrifice to forgive anyone for anything. After all there is sin in heaven so saying he is so holy he can’t be around sin is patently false.

          • mtntrek3

            No sin in Heaven. ….. I’ve got to go for now. I’ll get back to you soon. Take care. Chris.

          • Carl

            If that were true then satan and his angels would never have had the option to rebel and go against god.

          • mtntrek3

            Satan can come before God now, but not interfere with anyone else there. You’re speaking of when Satan first left along with the angels that chose to follow him.

          • Carl

            That makes no sense at all. So satan the most evil of evil can have a chat with god?

            That is like you having tea with hitler after he just gassed a bunch of people and talking about what a lovely summer we are having.

            Really? Really? Really? Just like the family of job who were used in a my man is more faithful than you think he is grudge match between the 2.

            Is there anything a christian won’t try and justify?

          • mtntrek3

            Satan goes before God as an accuser of the saints.

          • Carl

            That makes no sense at all.

          • FirstGarden

            You said:

            “.. he is god he can do whatever he wants he requires no sinless sacrifice to forgive anyone for anything.”

            Then you said:

            “That makes no sense at all. So satan the most evil of evil can have a chat with god?”

            Yes, a God Who you said, “can do whatever he wants”, can have a conversation with Lucifer.

            Also, your first statement — “he requires no sinless sacrifice to forgive anyone for anything” — reflects a serious lack of understanding of the Cross — something well understood by hundreds of millions across history.

            God is His great Love for humankind, is merciful and kind and compassionate.

            However, God is also Just and Holy. The Great Moral Law has been violated.

            Law means nothing without penalty.
            Without penalty, we’d all be a bunch of Bill & Hillarys running around.

            Law without penalty is only advice. No meaning. No teeth.

            For public justice, for the common good, the righteousness of the law must be upheld.

            In other words, someone has to pay the price. Otherwise, it just an antinomian, lawless universe where everyone just does what is right in their own eyes.

            Thus, the Cross. Christ really did die for us. He took the penalty for us. That’s how much He loves us.

            Try to understand.
            We’re on your side, dude.

          • Carl

            “God is His great Love for humankind, is merciful and kind and compassionate.” Show me a real life example of this with proof it was god.

            So if jesus was god then he killed himself for us? Crazy.

            Unless you are the devil and then you get to reign on earth – according to your bible.

            So god does whatever he wants but he doesn’t want to stop murder, rape, starvation etc, etc, etc? Sounds like a great guy.

          • FirstGarden

            Sorry for the typo. Should read “God, in His great Love for humankind, is merciful and kind and compassionate.”

            “Without faith it is impossible to please Him. For he that comes to God must believe that He is, and that He is a rewarder of those who diligently seek Him.”
            Hebrews 11:6

            Jesus Messiah is Himself the proof you need.What better example can one offer?

            No, God didn’t kill Himself. God sacrificed His Son Yeshua, second person of the Trinity, whose bodily death and resurrection was provided for our forgiveness.

            “According to the [Mosaic] Law, one may almost say, all things are cleansed with blood, and without shedding of blood, there is no forgiveness of sin.

            Therefore it was necessary for the copies of the things in the heavens to be cleansed with these, but the heavenly things themselves with better sacrifices than these.

            For Christ did not enter a holy place made with hands, a mere copy of the true one, but into heaven itself, now to appear in the presence of God for us;

            nor was it that He would offer Himself often, as the high priest enters the holy place year by year with blood that is not his own.

            “Otherwise, He would have needed to suffer often since the foundation of the world; but now once at the consummation of the ages He has been manifested to put away sin by the sacrifice of Himself.

            “And inasmuch as it is appointed for men to die once and after this comes judgment,

            “so Christ also, having been offered once to bear the sins of many, will appear a second time for salvation without reference to sin, to those who eagerly await Him.”
            – Hebrews 9:22-28

          • Carl

            If jesus is not god but rather god’s son then christians worshiping him and praying to him and not god is idolatry.

          • FirstGarden

            You said:
            “Unless you are the devil and then you get to reign on earth – according to your bible.”

            The devil / Satan / Lucifer ALREADY reigns – from the second heaven – the astral plane, where the throne of Lucifer is.

            “So god does whatever he wants but he doesn’t want to stop murder, rape, starvation etc, etc, etc? Sounds like a great guy.”

            God does whatever He wants, but to just stop all evil, He would have to eliminate all free will, and every free moral agent.

            If He wanted R2D2 and 3CPO for servants, he would have created a bunch of them instead of us. But instead, he created us, after His own image, but with the ability to choose contrary to His character and nature.

            The story of humanity unfolds beautifully when we live as we were designed to live. But we are not forced to. It’s those hearts who come willingly to love Him, in childlike faith, that He delights in.

            And you are called to be one of His children. Why fight it?

          • Carl

            #1 free will is not mentioned in the bible at all.

            #2 you wrote: “but with the ability to choose contrary to His character and nature.”

            So is genocide contrary to gods nature or ours? Are we a reflection of god or is god a reflection of us?

            #3 Many christians say god has a plan for their lives. This contradicts free will completely.

            #4 Many christians say god knows everything that will happen before it does. This also contradicts free will.

            #5 In the old testament god hardened the pharaoh’s heart – this also contradicts free will.

            #6 if god created lucifer why would such a rebellious creature have a throne?

          • FirstGarden

            That’s why they’re not in heaven.

          • Carl

            OK but the point is that they were capable of sinning in heaven. Plus yes the devil is allowed to visit and talk to god which he does regularly in the bible.

          • FirstGarden

            “By saying gods ways are above ours is just a fancy way of trying to not think about things. It just waves away all the ambiguity in your bible and buries it deep down.”

            His ways ARE above our ways. But it’s not intended as a proof text for anything else. Just take at face value for what it is.

            “Human beings were made by god. Our ability to do right and wrong was put into us by god. After he was angry that adam and eve did not listen to him he added in even more evil into our beings.”

            Interesting statement. I never heard anyone say it like that before.

            You raise very old questions debated back and forth among scholars over the ages. For instance, sin nature. Is it innate/inherited? Or developed?
            Is it gas, liquid or solid?
            Or merely a spirit that overtakes us and grows like a cancer?

            It’s time for a little metaphysics, that is, Biblically speaking:

            God is Light, and in Him is no darkness at all. – John 1:5

            All that is not light, is darkness, or relative darkness, on the basis of blockage or absence.

            Darkness is the absence of light,
            just as cold is the absence of heat.
            They are not opposites.

            One is the substance.
            The other is the absence.

            It’s the absence where all evil festers.

            When God withdraws the intimacy of His Spirit, due to sin, man is operating on the natural man – that is, the energy of the soul operating through the body. This is known as “the flesh”, or “the fleshly nature”, which is at enmity with God. .

            And so, the converse of this is simply a return to God, becoming partakers of His Divine nature. It is a very beautiful thing.

            Christians are no better than others. But God is better. And much like a satanist becomes demon-possessed, so God’s people become Holy Spirit-possessed.

            Do they fall and stumble? Absolutely. But they get up again. That is only human weakness.

            Hypocrisy involves acting, pretending to be what you are not. In the case of true believers, the sincere desire for Christians to be like Him (being conformed to the image of Christ), is sincere. It is not a code of externals, but a work of God from the inside out, as we yield our hearts daily.

          • FirstGarden

            “Maybe that is what he wanted from the beginning.”

            Christians have to believe in the intrinsic Goodness of God. There are many more questions, some far more difficult than the ones you raise. Those we put on the shelf, awaiting more data.

            To us, it’s “Either – Or.”
            To Him, it can be otherwise.

            We don’t pretend to understand all mysteries, this side of heaven. But, as true believers, we do Trust Him.

            Who can love a Creator they don’t trust?
            If God is the true author of evil, then who would want to be like Him?

            A good AND evil God is a total self-contradiction. An absolute absurdity, really.

            Does God hate Himself?
            Does Light dwell with darkness?

            “What partnership have righteousness and lawlessness?

            Or what fellowship has light with darkness?

            What harmony has Christ with Belial,

            Or what has a believer in common with an unbeliever?

            Or what agreement has the temple of God with idols?

            For we are the temple of the living God; just as God said,

            “I WILL DWELL IN THEM AND WALK AMONG THEM;
            AND I WILL BE THEIR GOD, AND THEY SHALL BE MY PEOPLE.

            “Therefore, COME OUT FROM THEIR MIDST AND BE SEPARATE,” says the Lord.
            “AND DO NOT TOUCH WHAT IS UNCLEAN;
            And I will welcome you.

            And I will be a father to you,
            And you shall be sons and daughters to Me,”
            Says the Lord Almighty.”

            – 2 Corinthians 6:14-18

          • FirstGarden

            “Maybe that is what he wanted from the beginning.”

            Foreknowledge
            Predestination
            Election
            Eternal Now
            Moral Government
            Providential Government
            Free Will / Insipiency of Will..

            On and on it goes. Where it all meets together evades the finite mind.

          • FirstGarden

            Satan’s Fall

            Ezekiel 28:13-18
            “You were in Eden, the garden of God; every precious stone was your covering, sardius, topaz, and diamond, beryl, onyx, and jasper, sapphire, emerald, and carbuncle; and crafted in gold were your settings and your engravings.
            On the day that you were created
            they were prepared.

            “You were an anointed guardian cherub.
            I placed you; you were
            on the holy mountain of God;
            in the midst of the stones of fire you walked.

            “You were blameless in your ways
            from the day you were created,
            till unrighteousness was found in you.

            “In the abundance of your trade you were filled with violence in your midst, and you sinned; so I cast you as a profane thing from the mountain of God, and I destroyed you, O guardian cherub, from the midst of the stones of fire. Your heart was proud because of your beauty; you corrupted your wisdom for the sake of your splendor.”

            Isaiah 14:12-15
            “How you are fallen from heaven,
            O Day Star, son of Dawn!
            How you are cut down to the ground,
            you who laid the nations low!
            You said in your heart,
            ‘I will ascend to heaven;
            above the stars of God
            I will set my throne on high;
            I will sit on the mount of assembly in the far reaches of the north;
            I will ascend above the heights of the clouds;
            I will make myself like the Most High.’ But you are brought down to Sheol, to the far reaches of the pit”

            Revelation 12:9
            “And the great dragon was thrown down, that ancient serpent, who is called the devil and Satan, the deceiver of the whole world
            — he was thrown down to the earth,
            and his angels were thrown down with him.”

            Luke 10:18
            “And He [Jesus] said to them, “I saw Satan fall like lightning from heaven.”

          • Carl

            Isaiah 45:7
            Genesis 2:17 – who created the tree pf good and evil?

          • FirstGarden

            God created the tree.
            That doesn’t make Him evil,
            unless it were with evil intent.

          • Carl

            The tree is the tree of good and evil. That means that god created good and evil with the creation of that tree. Who do you think created evil? Only god is the creator not the devil. Unless you are saying there are 2 gods. God and the devil? Is that what you are saying?

          • FirstGarden

            “Unless you are saying there are 2 gods. God and the devil? Is that what you are saying?”

            Definitely not. Lucifer is a re-creator, not a Creator. Others, like Mormonism (with its roots in Freemasonry) taught that Jesus was the “spirit-brother” of Lucifer. And Madame Blavatsky (Theosophy) teaches that much, saying that the serpent is but an inverse of Jesus, tying in Hindu concepts as well. Multi-syncretism on steroids!

            No, Holy Writ reveals God the Son as the Creator of the universe:

            “For He rescued us from the domain of darkness, and transferred us to the kingdom of His beloved Son, in whom we have redemption, the forgiveness of sins.

            “He is the image of the invisible God, the firstborn of all creation.

            “For by Him all things were created, both in the heavens and on earth, visible and invisible, whether thrones or dominions or rulers or authorities—all things have been created through Him and for Him.

            “He is before all things, and in Him all things hold together.

            “He is also head of the body, the church; and He is the beginning, the firstborn from the dead, so that He Himself will come to have first place in everything.

            “For it was the Father’s good pleasure for all the fullness to dwell in Him, and through Him to reconcile all things to Himself, having made peace through the blood of His cross; through Him, I say, whether things on earth or things in heaven.”
            – Colossians 1:13-15

          • FirstGarden

            “The tree is the tree of good and evil. That means that god created good and evil with the creation of that tree.”

            God created the possibility or potential for evil. Thus, free moral agency. If He ONLY created the possibility for good, then there would be no virtue. For virtue comes of choosing good when you CAN choose otherwise.

            Life in the world could be a bunch of daffodils singing in the breeze. But then there would be no depth or meaning without character, which is built by making right choices. 7 billion pansies don’t cut it. God wants ardent lovers that choose Him, not evil.

          • mtntrek3

            May I add, we are given free will. The choice between right and wrong.

          • Carl

            Where is the fairness in free will for a 3 year old child being abused by an adult who is just exercising their free will?

          • mtntrek3

            There isn’t. We live in a fallen world where atrocities like this occur very sadly. ……. Fairness in this world is becoming a rarity. …. Let me get back to you. Chris.

    • mtntrek3

      Conflict abounds…. it’s everywhere. We’re leaving the blueprint for us as mankind through God’s Word. We must turn back while there’s still time.

    • Bill

      Great insight, especially the “crashed” part since I took that to mean “appeared to have”. The last line is the best.

    • socalbeachdude

      You seriously don’t believe the US government conspiracy theory about the crimes that took place in the New York and Washington DC on September 11, 2001, do you? Osama bin Laden had nothing whatsoever to do with any of those crimes.

  • Dawg01

    A stopped clock is always right twice a day. Go back 2 to 3 years ago and he was saying all this was going to happen by 2015-16, He thinks he’s right about everything when he has been wrong about most things. Mike has no special God given powers, nobody knows the timing of all this except God. Remember, a true prophet of old was 100% right, unlike the prophets who he says he talks to who a rarely right,

    • Spatial Memory

      Know how to listen, and you will profit even from those who talk badly. Plutarch

      • socalbeachdude

        That’s one thing you certainly don’t know how to do!

        • aldownunder

          Good comment

    • JC Teecher

      I can see why you say such disparaging things against Michael. Most people like you thought that the first time people like Michael began giving the warnings, that things were immediately going to collapse, and all out martial law was coming soon.

      Then they began saying it is just all “fear mongering” in order to sell books and ad space.

      Well, you were right about one thing; “nobody knows the timing of all this except God”.
      However; the signs have been coming since 9-11, and the knowledge of the workings of evil liberals is rightly evident to bring about a new world order.

      It is good people like Michael & Meranda that shout out the warnings, and so what if they can make a living at it as well. I sure do not see their work as anything negative.

      In fact; many folks have finally began to awaken to the fact that things are not ever gonna get better, on a national or international scale, until the return of the true Messiah.
      Does that mean all are doomed and have nothing good left to look forward to?

      No. To the contrary. We can prepare, with common sense for what is about to come down the pike. We can learn from others about getting out of debt and having a back up plan for surviving the economic collapse about to cover the land. some are limited by space and time and poor decisions that haunt them from the past…like a five year run into a 30 year mortgage, that has not paid hardly a single dime towards the principal. and….on top of that, the whole darn thing is underwater, and if sold at market value, there would still be a bank loan owed to.
      Who is at fault for biting off more than they could ever possibly chew?

      Poor decisions and choices can be turned around if one has enough time to climb back out, so why do you bitch about a coming event, as if the bearer of the bad news is somehow deceiving others?

      shouldn’t you be glad for others that they have more time…possibly years, to rectify their bad decisions and gloomy positions, in light of the fact that something more terrible and bigger is on the horizon?

      I think the term for your position is called, a naysayer.
      Just saying.

      • Dawg01

        It’s not that I’m am disparaging Mike any more than he is despairing the Church as a whole. What he is doing “is dangerous”. First, the true Church is God’s people. He needs to point to specifics and not call out the Church as a whole. There are many Christians who are obedient, so when he keeps saying the Church he is calling out everyone, except himself as if he is all knowing and has all the answers. Take the Rapture for instance, now he and Jim Baker are preaching there is no rapture and you better start prepping and all the pre-trib believers are wrong. Well, I can point as many verses that support a pre-trib rapture as he can against, so can I do like Michael and say the church has it wrong and I have it right because Micheal does not believe in a pre-trib rapture. No. I would say believers have a different views on when the rapture will happen. It is dangerous to call out the church as a whole like he does because to a non-believer they are hearing Christians, and now they see division, and this is what causes division within the Church. Just replace Christian with Church in everything he says. Another example is propehts, him and Jim Baker (the father of the prosperity gospel) use the word prophets like they are dime a dozen, but go back and look at the track record of these so called prophets, are they getting generalizations right that most people can say and will in all probability be right at some point in time. And, are they wrong at some point in all their so called prophetic rantings. In my research, I would say yes. Look at John Shorey on Jim Baker a couple of years ago when is said we only had a few weeks left to prep, or Rick Joyner when he had a dream that mexican cartels were going to be killing people at the border. Oh really, how hard is that one. This keeps them from being a true prophet from what we read in the bible. Do I believe it is important to be prepared, yes. But do I see it said the safest place to be, no, the safest place you can be is putting your trust in Jesus himself. He will guide you in all your ways, and if he puts it on your heart to prep, he will. All I see is, you better prepare because terrible things are going to happen. This is not biblical. You say there is no harm in what he is doing, but I disagree. Just go back to what he was saying just before 2015-16. It shows how wrong he can be. I am tired of defending the Church (Christians) against other Christians who thing they are the ones who have it all right. You need to call out specifics instead of calling out the Church (Christians) as having things wrong.

  • David

    Socalbeachdude seems to spend more time on the computer than at the beach,, what up wit Dat??

    • Mr.Cipher

      He hasn’t posted in over an hour. Probably on the beach socializing.

    • socalbeachdude

      Aren’t you aware you can use computers on the beach?

  • Cinderella Man

    My God it’s better than a mute button

  • Black

    Going to the mall always cheers me up – watching the big, fat, ignorant zombies stumbling and wheezing their way from window to window looking at all the stuff they can’t afford but buy anyway

    • Carl

      Thin people can be zombies too. Just sayin.

    • Mr.Cipher

      Fascinating. Everyone on the anonymous Internet Is attractive, smart and in peak physical condition.

  • Rick

    So businesses come and businesses go. Some stay a day, some say for 150 years. You say you will miss Sears, but when is the last time you were actually in one of their stores? I think you mean you will miss the nestelgia of Sears. As for the losses, they were all generated by the Fed wit QE, and the “earnings” distributed among the CEOs and big time stakeholders of these corporations. You are correct, they could have flushed millions of dollars down the toilet each and every day and not have lost as much. But they decided to just take the money instead, so they “lost” more.

    • socalbeachdude

      I shop at Sears stores quite often and online all the time. The Federal Reserve QE was merely used to purchase existing securities from member banks with all of the proceeds deposited into the reserves accounts of those banks inside the Federal Reserve where they have always remained with NO NET GAINS WHATSOEVER to those member banks and no losses to the Federal Reserve.

  • Spatial Memory

    QQQ best key index 9 significant technical analysis confluences at 131.10. 🙂

    • socalbeachdude

      So what?

  • Mondobeyondo
    • Spatial Memory

      ROFL

  • Thomas Rondy

    What a lot of people don’t know is that even though the Fed isn’t doing “Quantitative Easing” anymore, the European Central Bank and the Bank of Japan have essentially taken up that baton since about January/February 2016 to the tune of $180 billion dollars a month. Before they started doing that, the markets showed signs of being ready to sputter and tank. One possible interpretation of this is that the world financial system cannot keep from going into cardiac arrest without some form of QE.

    • socalbeachdude

      You obviously don’t understanding that QE simply buys existing assets such as bonds and has no affect whatsoever on stock markets.

      • Thomas Rondy

        Yes, but it’s pretty well known that “QE” type asset-buying has a salutary buoying effect on all financial markets. (I’m late replying because Disqus responses always seem to end up in my freaking “spam” folder.)

  • Carl

    These retail closings are really not that big a deal. The overhead for them will be reduced and will make them more profitable to their shareholders.

    Not to mention anyone in retail better start making plans for a new career as many manufacturers have been selling direct to your customers for year and if they have not started already it is coming.

    The days of the middleman in retail is coming to an end. After all the manufacturers will make more money selling direct to the consumer. The retailers who carried their product lines and helped build the brand will be SOL because they will no longer be a necessary means to an end.

    We are all expendable when it comes to business. They key is getting something else lined up and getting out before they force you out.

    • FirstGarden

      That happened to me a few years ago.
      Much truth in what you’re saying.

    • socalbeachdude

      Many of these retail closures are for companies TOTALLY GOING OUT OF BUSINESS. What on earth do you thing Amazon is but a MIDDLEMAN?

  • Jack Frost

    Are the death throes of Sears really that surprising? Their business model has been appalling for decades as they hemorrhaged cash and lost customers. Who thought conflating another foundering entity like K Mart with an anemic Sears brand would bring value? These businesses failed to appreciate the switch to online purchasing by customers. Denial does not change reality in the slightest. They once had a premier trademark name in Craftsman. It was synonymous with quality long ago and supported the price demanded. The switch to lower quality items while continuing the Craftsman emblem was not smart. Sure, they sold the rights to another company, but what is the name actually worth with its current perception? The market enriches those who meet customers needs and ultimately destroys those who do not. Sears has reached their final reckoning, which is long overdue.

    • socalbeachdude

      K-Mart acquired Sears, not the other way around. Online purchasing of stuff still accounts for LESS THAN 15% of all retail sales and is not the major factor affecting brick and mortar stores at all, nearly all of which also have a major online presence where you can buy items from them if you so choose. Sears offers excellent quality products across a broad array of items at very good prices.

  • walmarts next

    banks,drug stores,grocery stores walmart,dollars next on the collapse wagon train,unless you work for the gov’t,have a gov’t contract,gov’t handout,gov’t bailout,a gov’t dependent you’re in deep dodo

    • socalbeachdude

      Only 25% of the US economy is dependent on federal government spending.

  • Marc

    Heard it all before bud. And yet DJIA still up >30% since Feb last year. The crash will come – but this site certainly does not know when (as has been proven by many wrong ‘red alerts’ in the past). In the mean time, make hay

  • FirstGarden

    <bBHere's Why Sears Holdings Finally Admitted the End May Be Near
    The company has a plan, but it's fraught with peril.

    Daniel B. Kline (TMFDankline) Mar 23, 2017 at 9:56AM

    “Always look on the bright side of life” and “stay optimistic” make for nice T-shirt or greeting card sentiments, but the Securities and Exchange Commission (SEC) has rules that prevent public companies from letting optimism cloud their financial reporting.

    It was because of those regulations that Sears Holdings (NASDAQ:SHLD), the parent company of Sears and Kmart, had to make what’s known as a “going concern” disclosure in its recent annual report. That’s an official statement that the company believes it may not survive the coming year.

    Public companies report results based on standards adopted by the Financial Accounting Standards Board (FASB). The FASB, a private organization, does not make rules or laws. The SEC, however, has the right to establish financial reporting standards and it has chosen to designate the ones created by the FASB as de facto law. According to PwC, a going concern [opens in PDF] disclosure must be made by a public company “when conditions give rise to substantial doubt about a company’s ability to continue as a going concern within one year from the financial statement issuance date.”

    Sears, which had delivered an optimistic report on its revival efforts in mid-February, has seen its financial situation deteriorate to the point it had to issue what amounts to an official warning it may run out of money. In that March 21 SEC filing, the company acknowledged that its “historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going concern.” While expressing optimism that the plans it has in the works could provide the money it needs, the chain also acknowledged that if it continues to experience operating losses (and there are very few reasons to expect it won’t) and it can’t sell off or leverage assets as planned, that it may not be able to secure funds needed to operate.

    It’s important to note that issuing a going concern notice does not guarantee a company will go out of business. Sears Holdings does have assets and real estate that could potentially generate the billions it needs to fund its losses and transformation, but this disclosure admits something Sears would rather not have to say publicly — that its plans may not work and they are fairly tenuous in the first place.

    The outside of a Sears.
    SEARS HAS ADMITTED IT MAY RUN OUT OF CASH. IMAGE SOURCE: SEARS.

    Why keep bad news quiet?
    In general, struggling companies want to keep the extent of their problems quiet. If it’s well known that a chain may not survive, it can become a self-fulfilling prophecy. People may stop shopping there either because they are wary about being able to return merchandise or because they assume they will soon get better prices at a going-out-of-business sale. Shoppers may also stop buying gift cards, which essentially takes an interest-free loan away from the retailer.

    The most serious consequence of having to publicly admit a retail chain may not survive is that vendors may no longer offer credit or favorable payment terms because they believe they won’t get paid in full if the company goes bankrupt. When that happens, a retailer must pay up front for any goods or merchandise it receives. That can be a death blow, especially heading into the fourth quarter, where chains stock up on merchandise with the anticipation of paying for it by selling it during the busy holiday season.

    What’s next for Sears Holdings?
    The chain and its CEO, Eddie Lampert, have gone to great pains to convince shareholders, vendors, and consumers that it has a viable plan to turn its business around. The company has over $13 billion in short- and long-term liabilities and it lost $607 million in 2016. That’s up from $580 million the year before. In addition, Sears Holdings stores had a 10.3% drop in comparable-store sales in 2016 while overall revenue dropped by $1.2 billion.

    Lampert, in the company’s February update on “the next phase of its strategic transformation,” made every effort to make it seem like good things were happening. In some ways, even though the company saw its share price jump after the report was released, the CEO’s statement was a bit like talking about how nice your lawn looks while your house is burning down behind you.

    “We significantly improved our operating performance and made progress toward profitability in the fourth quarter of 2016,” he said. “In the first several weeks of 2017, we undertook a series of transactions to optimize our capital structure and unlock value across our wide range of assets. We also reached an agreement to amend our asset-based credit facility which further enhances our liquidity and financial flexibility.”

    That’s certainly the glass half-full view while the going concern statement offers the glass half-empty view. Sears is not dead yet, but it’s really sick and there are strong signs it may not pull through.

    • socalbeachdude

      Yep, and the Chairman put in about $1 billion over the last year of his own money just to keep Sears running.

  • alan

    Its economic natural selection. When Sears and a few others die it will make the remaining retailers stronger. Of course unemployment will go up and the economy sinks further down the drain. Nothing is easy in a collapse.

    • socalbeachdude

      What “remaining retailers” are you talking about? This current collapse in the retail industry is affect all of the major retailers.

      • Spatial Memory

        Walmart. Obvious trend since 1945. Welcome to earth.

        • socalbeachdude

          Wal-Mart is just a low-end junk store that nobody needs to ever visit and has an atrocicously poor web site and is no exception whatsoever to the decline in retail stores in the USA.

          • Spatial Memory

            Second only to China People’s Liberation Army with 2.3 million employees. Welcome to earth.

  • socalbeachdude

    A number of retail stocks including Sears are now daily hitting new 52-week lows. Sears stock crashed by more than 12% yesterday.

  • socalbeachdude

    From a risk-of-bankruptcy standpoint, the retail business is the new oil and gas

    Move over, oil and gas.

    Retail is set to replace the troubled energy sector as the most distressed sector this year, according to ratings agencies, lawyers and analysts, beaten down by the strain of competition from juggernaut Amazon.com Inc. AMZN, +0.75% and a range of other issues.

    The sector’s future is looking increasingly gloomy, with the cost of digital investments, trimming excessive store locations and lagging revenue amid declining traffic setting the stage for a spate of bankruptcies and restructurings in 2017 and 2018, experts say. The sector is grappling with changing consumer behavior and shrinking discretionary spending as consumers are faced with higher prices for everything from rent to prescriptions to gasoline.

    Fitch Ratings’ “Bonds of Concern” list is filled with retailers, and the agency is expecting the default rate for the sector to jump to 9% in 2017 from 1% over the last 12 months. The retail sector had $38.9 billion in outstanding debt as of December. Research firm CreditSights has an underperform rating on the sector’s bonds.

    http://www.marketwatch.com/story/retail-industry-is-expected-to-replace-oil-and-gas-as-2017s-distressed-sector-2017-02-15?siteid=YAHOOB

  • socalbeachdude

    Absolutely false.

  • socalbeachdude

    Sears is an extremely relevant store and has the products that most Americans purchase at excellent prices with great selection. There is little to no price difference from buying over the internet and only about 15% or less in the way of all retail sales even occur as online purchases. Not to mention that you can buy online from Sears at Sears.com just like all other major retailers who have web sites. There is nothing special at all about Amazon.com and they have rarely ever made any money.

    While I am an Amazon.com Prime Member, I frankly rarely ever buy anything at Amazon.com because they simply don’t have much available that I have any interest in and their prices certainly aren’t lower than you can get elsewhere including at retail stores such as Sears.

  • socalbeachdude

    Oil prices are now crashing due to massive inventory glut globally intensifying the GLOBAL DEFLATIONARY SPIRAL…

    Crude inventory build sends oil prices into nosedive

    http://www.financialsense.com/oil-price/crude-inventory-build-sends-oil-prices-into-nosedive

    • DB200

      Which is very good for my wallet. I love low oil prices.

  • LIZ THE SHIZ

    it’s now forgetting what troll personality it is as evidenced buy the ABOVE article that Socalnudebeachdude would have posted but put it under Snodt’s name , time for a prescription refill down at CVS, hands shaking much?

    • SnodtBlossom

      Das einzige, was schlimmer als deine Logik ist deine Manieren. Ich habe die meisten von dir geschnappt, die du geschrieben hast, denn gut … es hat nicht wirklich etwas gesagt. Ihr Versuch, eine kreative Flamme zu bauen, war erbärmlich. Ich meine, wirklich, zusammen eine Reihe von Beleidigungen unter einer Ladung von Geplapper war kaum wirksam
      Vielleicht später im Leben, nachdem du gelernt hast zu lesen, zu schreiben, zu buchstabieren und zu zählen, wirst du mehr Erfolg haben. True, das sind rudimentäre Fähigkeiten, die viele von uns “normalen” Menschen für selbstverständlich halten, dass jeder eine leichte Zeit hat zu meistern. Aber wir vergessen manchmal, dass es “herausgeforderte” Personen in dieser Welt gibt, die diese Dinge schwieriger finden. Wenn ich gewusst hätte, dass dies dein Fall war, hätte ich deinen Beitrag nie gelesen. Es wäre einfach nicht “richtig” gewesen. Ähnliches wie Parken in einem Handicap-Raum. Ich wünsche Ihnen viel Glück in den emotionalen und gesellschaftlichen Kämpfen, die Ihnen eine solche Forderung stellen.

      • LIZ THE SHIZ

        OH Snodt, your German manifestation is Mein Kempf and laughably laughable , please keep it up you put a ray of humor in these depressing times we live in

      • Bert

        The only thing worse than your logic is your manners. I’ve grabbed most of you that you wrote, because well … it did not really mean anything. Their attempt to build a creative flame was miserable. I mean really, together a series of insults under a load of patter was hardly effective
        Maybe later in life, after learning to read, write, spell and count, you will have more success. True, these are rudimentary skills that many of us consider “normal” people to take for granted that everyone has a light time to master. But we sometimes forget that there are “challenged” people in this world who find these things more difficult. If I had known that this was your case, I would never have read your post. It just would not have been “right”. Similar to parking in a handicap room. I wish you good luck in the emotional and social struggles that make such a demand for you.

    • Cinderella Man

      Boom you nailed it Liz…oh my God it’s so funny blocking socalbeachtwaat I read so much of the trannys crap that I know what they’re saying and I don’t have to read their replies lmao

      • SnodtBlossom

        Dirtbag#1 your wrists are telling you to slash them

  • socalbeachdude

    Not enough votes — House delays health care bill to Friday

    http://www.cnn.com/2017/03/23/politics/house-health-care-vote/

    Wall Street falls as doubts mount about Trump healthcare bill

    http://www.reuters.com/article/us-usa-stocks-idUSKBN16U1DH

  • socalbeachdude

    HEDGE FUND INDUSTRY IN TROUBLE AND COLLAPSING…

    Eton Park to Shut Down as $3 Trillion Hedge Fund Industry Faces Turmoil

    Eric Mindich said disappointing results in 2016 were a factor in his decision to return capital to investors.

    https://www.nytimes.com/2017/03/23/business/dealbook/eton-park-hedge-fund-closes.html?_r=0

  • Mark

    Current economic data clearly indicates socalbeachdude and snodtblossom need to take 12 gauge shotguns and shove them up their butt and pull the trigger!!!

  • socalbeachdude

    Trump tantrum looms on Wall Street if health care effort fails

    http://www.reuters.com/article/us-usa-markets-trump-analysis-idUSKBN16T2YH

  • Dan Wingert

    Sears has to absorb Kmart’s losses.

    • socalbeachdude

      That is part of the problem and the entire set of K-Mart stores should be closed. It was K-Mart that acquired Sears rather than the other way around but Sears is the only thing they have that is worth saving.

  • socalbeachdude

    The US Constitution guarantees the FREEDOM OF RELIGION. Are you somehow not aware of that?

  • socalbeachdude

    Sears is a wonderful store with great products at great prices and I would suggest you visit you local store and/or shop online at their great web site at:

    http://www.Sears.com

  • socalbeachdude

    Stop with your mindless evil hate rhetoric.

  • socalbeachdude

    So called “growth” doesn’t matter the slightest bit of a hoot without PROFITS and Amazon has rarely ever turned any profits in its entire history. Moreover, they are a RETAILER WITH RAZOR THIN MARGINS and never stand a chance of ever turning any significant profits.

  • socalbeachdude

    Why are you always so crude and crass?

  • socalbeachdude

    These major retailers are expected to close nearly 3,000 stores this year

    “The reality is that America has been overstored. We have far too many retail locations, shopping centers and branches of different chains,” Clark said. “But stores that are meeting your needs with low prices will continue to thrive.”

    In the meantime, here’s our list of major retailers that are closing stores in 2017…

    http://www.clark.com/major-retailers-closing-2017

  • Jerry C

    Look up Argentina’s Financial Collapse and Confessions of an Economic Hitman on YouTube. Connect the dots to America.

  • James Hixson

    Maybe after all the big box stores meet their demise, we’ll see mom and pop stores start to come back. I live in a small town where the hardware store is not able to compete with Lowe’s, Home Depot, and Menards which are 30 miles away from where our hardware store is. They (hardware store) is just struggling along by selling whatever they can, but not what we need here.

  • Mikel Ryanson

    this is sad. We grew up with all these stores that are shutting down. Even worse the whole economy will disappear eventually.

    • socalbeachdude

      No, the “whole economy” will most certainly not disappear.

  • LIZ THE SHIZ

    you obviously don’t understand the marketing concept of click bait ? cha ching

  • Arthur Wholeflaffers

    When will they ever learn?

  • David Turco

    Down down baby just like a rollercoaster, shimmy shimmy cocoabutt shimmy shimmy pow!

  • David Turco

    How could this happen I mean just because Millennials make $10,000/year less than Baby Boomers of the exact same age 30 years ago doesn’t mean they won’t be able to shop ’til they drop does it? Hint: buy Dollar Tree stock not Sears.

    • socalbeachdude

      The so-called “dollar” stores are hurting even worse these days as the article below documents:

      Discount Retail: The Next Shoe to Drop?

      Discounting Goes “Mass Market”

      Lately I have been talking about the challenges of luxury retail, malls and other large-format retailers in today’s economic environment. But increasingly, the stars are lining up in a way that will not spare another key group of companies in the retail sector — dollar stores.

      That is significant because discounters such as Dollar Tree Inc. (Nasdaq: DLTR) and Dollar General Corp. (NYSE: DG) have been bona fide growth stories for years. They carved out a widening niche in the minds of consumers (including my own family) as the place to go for all manner of cheap goods, from party favors to cleaning supplies.

      But both companies now have over 13,000 stores. Are they reaching a point of maximum saturation?

      At a glance, the dollar stores would seem to have everything going for them. Dollar Tree, for instance, reported its fourth-quarter results in recent days. Overall sales rose 5% to more than $5.6 billion, with profits totaling $1.36 a share for the period.

      But “same-store sales” — which measure sales gains on a per-store basis — tell a different story…

      It’s part of a shift in the U.S. economy — one we’ve been warning about for a long time. Overindebted American consumers are no longer willing to pay full price for everyday products, not when there’s a home mortgage, a student loan, and a lease or car loan to pay every month.

      You might say, well, that’s what the dollar stores are all about.

      That’s true. But the problem now is that the rest of the retail sector is “following the money” to where their core customers are. It’s a race to the bottom. Now, every company in food retail can’t afford not to have the lowest prices around.

      That’s nothing new for Wal-Mart, of course. But as Bloomberg noted a while back, Kroger is also now cutting prices to compete with Wal-Mart. Even Costco recently raised the price of its memberships by $5 to help offset the price war’s effect on its bottom line.

      Perhaps most telling of all, Whole Foods — with its shares down by more than 50% from its 2013 all-time highs — is in the midst of an effort to woo back customers with discounts and digital coupons. What happened to the old “Whole Paycheck” nickname? It disappeared with its customers’ dollars down the black hole of personal debt.

      http://banyanhill.com/discount-retail-next-shoe-drop/

  • zanmirrob .

    Start buying local and stop buying too much from the freaking internet.

    • socalbeachdude

      Buying what? From whom?

  • Yul bolsun

    America is a lot like Sears if it doesn’t change the way it operates it won’t be around much longer either. I’m

  • Scarlet Redbone

    Middle class Americans are broke.

  • james ha

    i just can’t understand why sears would be failing! oh wait, could it be because a pair of jeans cost $40 at sears while the same pair cost only $25 at walmart?

    • socalbeachdude

      No. Levi’s jeans sell for a minimum of $40 a pair anywhere in the US and Sears had them as low as that for about 3 weeks during the holidays. You certainly cannot buy them for less than $40 at Wal-Mart and the typical price is around $75 per pair including if you buy them direct from Levi.com. As to other brands you can get Sears own brand of jeans for around $12 per pair.

  • Harold Melton

    The market has been flooded with “junk” for products and there are too many retailers ALL selling the same “junk”.

    • socalbeachdude

      Indeed, and America is vastly overmalled. Retail square footage n the us is around 23 square feet per citizen whereas the global average is only around 11 square feet. When about 50% or more of the retail spaces in the US close we’ll be back to normal levels.

  • MikeS

    Sears has been in the process of destroying itself for years. Looks like it is finally going to happen and it will only be the fault of “Sears”. It all started with them shunning their mail order business. What idiot ruins the very thing that would keep the company thriving in the age of modern technology. They had a phenomenal starting advantage to join internet sales and blew it. Someone in the Sears organization has been trying to destroy what Sears was founded on (their mail order business) since at least the 70’s and it has hurt them critically. Add repeated poor management decisions since then and, voila’, Sears bites the dust.

  • Mike W

    It can be summed up in one word – Amazon. These retail outlets especially in the malls are hammered with overhead. Hillary and Bernie’s great plan to raise the minimum wage to $15/hr would just expedite the departure of these stores and all the others struggling to survive as well.

  • What about all those public investments in malls?

    • socalbeachdude

      Not looking very good these days!

  • Cyber Revengeance

    i have to admit you have really good observation skill.

  • John

    Over the past few years, my town has lost Sears, K-Mart, KB Toys, Books A Million, Hastings Books, Radio Shack, Brunos, Food World, A&P, and Blockbuster. And now our JC Penny’s is closing. But hey, we’ve gained quite a few dollar stores… We also had a water park, but it too went out of business.

  • Progressive Republican

    The GOP has been trying to starve the economy ever since Obama won the election. They were just hoping it would actually happen while he was still in office.

  • Worst? Or just shifting to online? Maybe bricks & mortars can’t compete with prices and, specially for those holding down an extra job, convenience?

    And as for Sears and K-Mart, they’re special: Deliberately hollowed out by their owner who believes in extracting, not managing.

Ready Made Resources 2015
Finca Bayano
Panama Relocation Tours
The 1 Must Own Gold Stock
180x350




 

Credible Warning

ProphecyHour

Facebook Twitter More...