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Wal-Mart’s Worst Stock Crash In 27 Years Is Another Sign That The Economy Is Rapidly Falling Apart

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Wal-Mart - Photo by MikeMozartJeepersMediaNow that a major global recession has begun, you would expect major retailers like Wal-Mart to run into trouble as consumer spending dries up, and that is precisely what is happening.  On Wednesday, shares of Wal-Mart experienced their largest single day decline in 27 years after an extremely disappointing earnings projection was released.  The stock was down about 10 percent, which represented the biggest plunge since January 1988.  Over 21 billion dollars in shareholder wealth was wiped out on Wednesday, and this was just the continuation of a very bad year for Wal-Mart stockholders.  Overall, shares had already declined by 22 percent so far in 2015 before we even got to Wednesday.  Here is more on this stunning turn of events from Bloomberg

Wal-Mart Stores Inc. suffered its worst stock decline in more than 27 years after predicting a drop in annual profit, underscoring the giant retailer’s struggles to reignite growth.

Earnings will decrease 6 percent to 12 percent in fiscal 2017, which ends in January of that year, the Bentonville, Arkansas-based company said at its investor day on Wednesday. Analysts had estimated a gain of 4 percent on average, according to data compiled by Bloomberg.

If it was just Wal-Mart that was having trouble, that would be bad enough.  But the truth is that signs that the U.S. economy has entered another major downturn are popping up all around us.  Just consider the following list of economic indicators that Graham Summers recently put out

The Fed has now kept interest rates at zero for 81 months.

This is the longest period in the history of the Fed’s existence, lasting longer than even the 1938-1942 period of ZIRP.

And the US economy is moving back into recession. Consider that…

1)   Industrial production fell five months straight in the first half of 2015. This has never happened outside of a recession.

2)   Merchant Wholesalers’ Sales are in recession territory.

3)   The Empire Manufacturing Survey is in recession territory.

4)   All four of the Fed’s September Purchasing Manager Index (PMI) readings (Philadelphia, New York, Richmond, and Kansas City) came in at readings of sub-zero. This usually happens when you are already 4-5 months into a recession. (H/T Bill Hester)

Another huge red flag is the fact that month after month fewer products are being shipped around the country compared to last year.

If less stuff is being shipped around by truck, rail and air, is it a sign that the economy is getting better or is it a sign that the economy is getting worse?

The answer, of course, is self-evident.  With that in mind, please read the following excerpt which comes from a recent article by Wolf Richter

It has been crummy all year: With the exception of January and February, the shipping volume has been lower year-over-year every month!

The index is broad. It tracks data from shippers, no matter what carrier they choose, whether truck, rail, or air, and includes carriers like FedEx and UPS.

Evidence keeps piling up in the most unpleasant manner that something isn’t quite right in the real economy. The world is now in an inexplicable slowdown – “inexplicable” for central bankers who’ve cut interest rates to zero or below zero years ago, and who’re still dousing some economies with QE even as governments are running up big deficits. And yet, despite seven years of this huge monetary and fiscal stimulus, the global economy is deteriorating.

Okay, so is there anyone out there that still believes that the U.S. economy is in good shape?

The Obama administration will probably not admit it for a very long time, but the truth is that the numbers very clearly tell us that we are in a recession.

Anybody out there, whether an “expert” or just someone you happen to know, that tells you that everything is just fine is either completely ignorant or they are purposely lying to you.

And just like in 2008, state and local governments are starting to get into tremendous financial trouble as the real economy sputters.  For example, the governor of Illinois has told reporters that “we are out of money now” and that pension fund payments will be delayed as a result…

Illinois will delay payments to its pension fund as a prolonged budget impasse causes a cash shortage, Comptroller Leslie Geissler Munger said.

The spending standoff between Republican Governor Bruce Rauner and Democratic legislative leaders has extended into its fourth month with no signs of ending. Munger said her office will postpone a $560 million retirement-fund payment next month, and may make the December contribution late.

“This decision is choosing the least of a number of bad options,” Munger told reporters in Chicago on Wednesday. “For all intents and purposes, we are out of money now.”

When these sorts of things started happening in 2008, Fed Chairman Ben Bernanke and the Bush administration went into full-blown denial mode.  They kept telling all of us not to worry and that everything would be okay, and that just made things worse in the end.

The same thing is happening now.  The Obama administration and the mainstream media keep talking about an “economic recovery” even in the face of numbers such as I have discussed in this article.

Perhaps things are going well for you personally at the moment, and that is great.  But now is not the time to buy lots of new toys.   Nor is it the time to accumulate more debt.

Instead, now is a time to position yourself for a period of difficulty that could stretch on for years.

The next recession is here, and it is going to grow progressively worse.

The wise will take heed and make preparations, but the foolish will just keep on doing what they have been doing until it is far too late.

  • Alwaystomorrow

    The Economic Collapse Blog Has Issued A RED ALERT For The Last Six Months Of 2015.

    Published 6/25/2015.

    77 days until 12/31/2015.

    Lets do a count down until the end of 2015 and see just what happens.

    ——————————————————————————

    By Michael S, on July 31st, 2015.

    “And I kind of appreciate the countdown. It reminds people of my warning, and perhaps it will give some readers a renewed sense of urgency”.

    • wes

      Go away

      • Alwaystomorrow

        If only it were that simple. It isn’t.

      • Watchman

        I agree wes. That troll along with the others need to GTFO.

        • Alwaystomorrow

          How well do you think you will deal with a “collapse” if you are having trouble dealing with me?

    • Bill

      Turn your counter off–it’s happening!!!

      • John Doe

        Alwaysatroll has ASPD. (Attention seeking personality disorder) which is clearly Indicates low self-esteem, a lack of self-confidence, low levels of self-worth and feeling insecure. The best way to deal with an Internet troll who desperately seeks attention, is to not respond, to not engage and to thus deny the person the attention they seek.

        • JackerRaabit

          Um, you mean he is a normal hippie, then?

        • Alwaystomorrow

          I have to up vote you.

          Dont forget to mention about me living in a state of denial.

          • Ricardo

            …… state of denial ! …… I thought it was a garage.

          • chilller

            Mommy and Daddy’s garage….

        • SunnyFlaSnotress

          If Alwaystomorrow up votes you, I up vote you too.

        • none

          I had to up,vote you!
          Don’t people realize that we have a FIAT? Currency ?
          This is why it is collapsing different than 1929 ?

          • GSOB

            Not fiat.
            It is backed by the threat of using deadly force, to keep the economy going.

    • SunnyFlaSnotress

      I have to keep telling you..
      Alwaystomorrow, you are the BEST blogger I have ever read. I always enjoy reading your postings. :)

      • Alwaystomorrow

        :-) :-) :-)

      • Watchman

        Troll encouraging other troll and complimenting too. Do you really think nobody would notice?

      • Watchman

        I actually enjoy him too.

    • Karl

      I don’t like you.

      • Alwaystomorrow

        I can live with that.

    • chilller

      The only reason you continue this stupid countdown is out of pettiness….The world economy could come crashing down and you would still claim victory. But the joke’s on you….as you will soon eat a very large slice of humble pie, cooked up and served right here.

      • http://biblewordstudy.org Adam in Christ

        I suspect he does it, primarily, because he knows it will get a reaction every time he does.

        If people would choose to ignore it, it wouldn’t be as fun for him.

  • JailBanksters

    Easy come and easy to steal.
    That’s all this is, just outright wealth transfer from the rich investor to the even richer investors,

    • retired22

      Now it’s spinning into reverse gear due to deflation.All of the over leveraged Speculators & Gordon Gekkos with lose most of their paper wealth!
      Anyone who has read ‘The Picture of Dorian Gray’ can see a similarity in how it all started & how it reverted to reality at the very end!!

    • Rick

      It may be rich investors today, but mark my words, the elite are not yet done stealing from the poor and middle class yet either. If you have any savings, or 401k and pension accounts, get ready. These will also be co opted in the not so distant future via negative interest bank accounts, and pension exchanges for government treasury bond drawing rights. Rest assured, these won’t be exchanged on a dollar for dollar basis.

  • Bill

    Yes–something is not quite right. Sometimes the truth is visual.

    For example just this week I’ve noticed how it is now easier to park close to the front door of my local Walmart store.

    • One Who Knows

      Michael knows much more than he’s letting on. Sadly, some folks can’t handle the truth. So, he’s spoon-feeding us.

  • K

    Considering that most, if not all Walmarts, sell food. I would consider this a very bad economic indicator. You can cut back on many things, that are not a necessity. Food is not one of those things.

    • autofixer

      You don’t suppose it has to do with the socialists shaming WMT into increasing their wages to above market rates do you?

      • Rick

        DidntWalMart also shut down a bunch of stores during Jade Helm? Wonder if those have opened back up?

        • Firstname Lastname

          The figures in the article are “same store” sales (retail metrics are always reported that way), meaning store openings/closings do not skew the figures.

        • SunnyFlaSnotress

          That was only five stores.

    • David_R59

      The difference between food and appliances is that I can grow at least some of my own food.

    • SunnyFlaSnotress

      We’re the fattest nation in the world. I don’t think we’re going hungry. Perhaps more people are going to foodbanks. I used to shop for all my food directly in Walmart, but now I use Walmart dotcom for many non-perishable, expanded to DollarTree because they’re close to where I live now & actually have the rock bottom price on some things, and then get my perishables at WinnDixie since it’s 2mi. vs 5.

  • Daniel Spellman

    If IL dose not have the pension money then where did it go, since was that money suppose to be set aside for just pensioners? So they used that money for something else and they need more time to find the set aside pensions in some other account. Is this not government fraud or a ponzi skim or laundering money? The government can do all the illigal stuff but set laws so the public and not do what they do.

    • Rick

      So what’s changed? That’s always been the case. Especially in liberally saturated areas. Check out California’s accounting books.

  • Bubba Johnson

    The weather caused wal marts troubles. The sun will shine tomorrow. All is well. Have a nice day.

  • DJohn1

    Priming the pump has always worked in the past. That was then, this is now. Things have changed.

    WalMart is normally one of the finest places to shop for what you want at the lowest competitive price out there. So what is wrong, when the best is not good enough?
    I cannot speak for the country. All I can do is speak for my local neighborhood conditions.
    Walmart is not the best price in my neighborhood on a lot of products.
    We buy canned cat food from Friskes brand. Up until recently the price was 76-79 cents a can for the large cans. The store jacked the price to a $1.08. It is a lost leader to bring folks into the store and it worked until they torpedeoed it.

    Walmart used to keep enough cashiers so that you could get out of the store in a reasonable amount of time like 5 to 10 minutes. They have cut back on cashiers or scheduled them wrong. Long lines at the cash register are now normal.
    Their dairy is over priced for the marketplace here. We have two competing dairies locally owned within 50 miles and the price is often a lost leader to get people into the stores,.
    Walmart simply does not get it.
    I can now get the cat food at dollar tree cheaper than they have it.
    The real problem is wages and no raises in pensions.
    A good portion of the country is old and on social security and pensions. Our wise leaders give millions of dollars away abroad in the form of foreign aid. Yet they have manipulated COLA so that Social Security pensions do not get raises.
    Our pensions depend on investments in the stock markets. Haven’t seen a raise in pension benefits in at least 10 years.
    Meantime things go up in price and we struggle to make ends meet.
    Mom and Dad’s pensions are the only thing keeping the unemployed hidden masses from starving in many cases.
    Yet if you look back, many corporations substituted 401Ks for pensions. Not the same thing, do not provide the same income as a pension will.
    Once we had unions negotiating better wages. Now we have an entire country inflating prices and no wage increases. So what do you expect to happen? The money is no longer there to buy any luxury items you want.
    Obamacare cut disposable income in half.
    That is causing a depression in the retail market all by itself.
    The socialists want to make a $15 an hour minimum wage.
    That means raising prices of goods without any body’s wages increasing because you put people in another tax bracket.
    It isn’t the gross that matters. It is what you take home and have left over after you pay your bills.
    Every pension and social security check out there is a form of fraud.
    When I worked I got paid weekly. When I retired I got paid monthly.
    There are 52 weeks in a year. There is a 5th week every three months. Means we absorb the extra week every three months by not getting paid for that week.
    Try going without getting paid for a week every 3 months and see how you pay your bills.
    The real problem here is the tax code. That is basically why it is competitive to move 10,000 miles away from your product being sold and still make a profit.
    The real problem is the corporations take care of number one and the hell with the public. When you kill the marketplace by taking away the wages of the people in that marketplace, I have some bad news.
    The market disappears. It is no longer there.
    That in turn effects everybody’s ability to make a living.
    Walmart is a good example of this. They buy their products in bulk and often from places like China and India. They sell cheaper than everyone else. They pay the worst wages of anyone.
    A lot of their people are on supplemental incomes from the government such as food stamps and government charity insurances.
    Yet decent business is driven out of business by their tactics.
    When and if the currency devalues against world currencies, then WalMart has to raise prices to stay even making a minimum profit per item. Bulk being the key to staying in business.
    At some point, WalMart collapses under its own weight.

    • rentslave

      The best buy on cat food in NJ is the Shop-Rite.

    • DANA

      Your can of Friskes is going up because the price of everything grocery related is going up, it doesn’t matter where you shop. Next to the disaster that is Obamacare (my families premiums and deductibles went through the roof!), grocery prices have been the most devastating item in my families budget.

  • SunnyFlaSnotress

    I kind of thought Michael would jump on this one.
    Firstly, the average reader needs to understand that a big drop in growth doesn’t mean an actual loss or total loss of growth.. It just means not growing as rapidly.. It can mean the reaching of a sort of saturation point. Competitive e-commerce (which i so dearly love ;)) is taking it’s toll.

    • John Doe

      Why go to Walmart and rub elbows with a bunch of degenerate
      SNAP card users rolling around in their motorized carts, too fat to walk, when you can shop from home on Amazon. Off topic but the motorized carts should be restricted to the produce section. The cookie aisle should be off limits.

      • WVBORN56

        LOL!

      • Lisa Anthony

        As someone who is disabled… that was a low remark. I would love to not use that stupid cart.

        • robert

          It was uncalled for. People who do not have a disability such as MS have no clue what a godsend one of the Walmart carts is. People who have a medical issue do not always look like they are ill or disabled. I appreciate Walmart and all it offers for shopping.

        • Alwaystomorrow

          He (John Doe) is also disabled just in a different way.

          I wish you the best.

          • Watchman

            Alwaystrolling you are so quick to judge and insult others but yet you continuously troll these forums with your comrades such as Sunny, Jazz and others. You and your handlers must be so desperate.

  • http://howtoincreasewebtraffictoyoursite.blogspot.com/2013/07/seobook-tool-for-keyword-density.html Healthy Jones

    Important to grow as much of your own food as possible and cut back on energy use where you can.

    • GSOB

      In Mark 4:26-29 we read:
      “The kingdom of God is like a man who casts seed upon the soil; and he goes to bed at night and gets up by day, and the seed sprouts and grows how, he himself does not know. The soil produces crops by itself; first the blade, then the head, then the mature grain in the head.”

      This parable speaks of the Kingdom of heaven and presents its developmental growth.

      And in Mark 4 this leads into the Mustard Seed Parable (Mark 4:30–32).

      • GSOB

        ……attached to the Parable of the Mustard Seed is its twin parable, the Parable of the Leaven (Matt 13:31–33).

        The Mustard Seed too presents the kingdom’s external growth (from small seed to large plant), whereas the Leaven Parable teaches its penetrating power (leaven gradually permeates three bushels).

        Both of these truths are significant for the postmillennial scheme: the victory will come to dominance, it will come gradually and it will do so from growth within rather than imposition from without.”

  • mister_roboto

    Just looking at things like the major stock market indexes and the price of oil, we really would appear to have been in a recession since the start of July at the latest. I buy my health and beauty stuff at a Walmart down the road from my where I live, and it does seem like there are usually less people there than a year ago.

  • rentslave

    The Comptroller of Illinois said:”We prioritize the bond payments above everything else”,the point I’ve been making now for years.

    States will stiff the pensioners,raise fees to Everest like levels,etc.,but they will not stop paying on their bonds because the state will never again be able to borrow and those in state governments will lose their jobs.

    Bonds understandably took a hammering during the 70’s inflation,but shouldn’t be hurt too badly in a severe recession.Most funds recovered-and prospered within a year of the 2008 disaster.

    At least,that’s what I hope.

  • sharonsj

    I shop at Walmart every week because it’s convenient. But their prices are not the lowest and a lot of merchandise is shoddy (because it’s made in China). I don’t usually buy food there; supermarkets have better deals. And I just discovered that Dollar Tree sells the pet food (that I usually buy at Walmart) at a lower price. If Dollar Tree was in a closer location, I’d be going there instead. I buy dry goods in Dollar General because their prices are better, but I won’t buy food there because a lot comes from China.

    Generally, Walmart doesn’t restock its shelves in a timely manner. Stuff I’m always looking for isn’t there. And they are so greedy that they have the shelves practically to the floor. They like to put cheaper items on the bottom to discourage people from buying them. And a lot of older folks just can’t bend that far down anyway. Then at checkout, two-thirds of the lanes are closed–it’s another way for them to save money.

    By the way, the increase in worker salaries only applied to their headquarters and not to any of the stores, so you can’t blame that.

    • Brian Adair

      Walmart has a problem with there employees not showing up or even calling in, that’s why there is only one or two lines open. Thev same happens at local food stores. Walmart employs a lot of people from that are on Welfare, senior citizens, and teens.

      • DANA

        That’s because they get a tax credit/break for hiring welfare recipients, senior citizens and also former felons. If you’ve ever tried to buy ammo at Walmart, you’ll notice how long it can take to get an employee who has access to it. That’s because former felons can’t have access to ammo or gun sales.

    • Jill

      The increase in wages goes into full effect in 2016 and will be applied to all employees. There have actually been layoffs at the corporate headquarters and a trial balloon effort (my city has one of them) to test the efficacy of closing some stores at midnight.

    • SunnyFlaSnotress

      DollarTree diet soda bottles just became standard sized.. :grumble::grumble:

  • Shasta

    Watching for the housing prices in our area to come to grips with reality. Realtors are still saying “Now is a great time to buy; interest rates may rise”, etc., etc. I’m thinking it’s a great time to sell — while it’s still possible, which may not be for very long. It’s a terrible time to buy, but from the numbers on recent sales, most people aren’t seeing that.

    • none

      If we have a hyperinflation, you can pay them back wit worthless currency.
      So I can see the realtors view point.

      • Joltin Joe

        Is your salary going to keep up with that hyper inflation?

        • alan

          Fifty year mortgages will take care of the house price problem for now. Now buy cheaper than rent! Happy days are hear again! Buy now before prices double tomorrow!
          I look at the Philippines, the average person will never ever be able to buy a house. But there are a lot of houses and they are expensive by even US standards.
          So just when you think it can’t get worse it will.

          • Joltin Joe

            You’re a moron if you’d sign up for a 50 year mortgage, just like the 7 year car loan.

          • GSOB

            Why would he be a moron …..for doing something you wouldn’t?
            Rather childish.

          • Joltin Joe

            Why? because debt is slavery, you are signing up for 50 years of slavery

    • Evan Elliott

      My grandparents just sold theirs luckily to get closer to the family. I was pretty doubtful it would happen. The over-inflated prices are a bit ridiculous. I look at a lot of the houses and wonder who can afford to buy them.

  • Prepper Girl

    Ever since Walmart’s apparent involvement in Jade Helm, I have gone to Walmart as little as possible. I’ve cut my spending there 50%, at least. If everyone looked at the lists of businesses that support the NWO, and stopped supporting them-they would get the message!
    As far as Illinois’s financial problems, they have always been the poster child for organized crime. I lived there as a teen and knew then that Chicago was notorious for crime. Look at the famous people we know who were ” schooled” there. ?? Unfortunately it is not just Illinois. Every city,state,government and large financial institutions are loaded with corruption. Did it start from the bottom up- or top down, it’s hard to say. The Globalists are in charge and it is all part of their plan to destroy the world, and set up their One World Government.
    When the citizens see the flagrant corruption without consequences, it’s no wonder that crime rates are over the top. The only difference is – we get punished when caught, they are promoted or given a bonus. !! We are truly living in perilous times. Unfortunately 90% of the sleeple
    Have absolutely no idea of what is happening. I’ve given up trying to wake them up, it’s hopeless. I’m just hunkering down niw, waiting for the shoe to drop. God Help Us!

    • Dex

      ironically the present head of state is a former senator for Illinois…now isn’t that fitting, that the federal government pisses on the trouble of the part of the country that sent him up the ladder.

    • Harbinger

      Simply put, we the people gave away our inaliable rights. We can either complain or we can be the change that we want to see. Easily said but very difficult when you have people who would rather the government take care of them, then get their hands dirty.

      • artfuldgr

        a bit late for that… maybe 20 years ago when everyone attacked people warning it there may have been a chance, but with feminism causing below replacement birthrates (democide, and self extermination masquerading as liberating), there is nothing to do as the democraphics cant be changed…

    • SunnyFlaSnotress

      I love Jade Helm. If riots broke out, I would want Jade Helm by my side. I proudly live near one of those Jade Helm centers. Some people just don’t know a good thing when they’ve got it.

      • RomeoOscOscSierraTangoEchoRome

        Wow. Can’t get you high……!

        • SunnyFlaSnotress

          Sure, if you give me some weed..

    • none

      Things are going great right now!
      Take a look at the advertisement above. A new Nissan Rouge, how bad could could it be?

  • rat28

    The consumer is going online shopping.. nothing to worry

    • HeyAHuman

      In other words, we don’t really need brick-and-mortar stores anymore, and major retail chains (also stock holders) are crumbling, as well as their employees, who are being replaced by websites and machines. Not to worry….

    • danbax

      as long as ups and fedex are busy, you know people are buying stuff

  • Apollyon

    People eat a lot more than they need to look at the waist lines. I cut my food bill in half and eat only two times a day and feel better already.

  • glendaleburbank

    Using critical thinking skills is a lost art. What major retailer was referenced time and time again in participating in jade helm? From what retailer were reports surfacing out of that they were installing towers, cells, etc.? What retailer was continually doing suspicious activities around the clock for 6 months prior to and during the jade helm exercises? If you guessed right, then Americans in the know are mad and they aren’t going to spend their money promoting traitors. Yup, you made your bed wally world, now lie in it. We used to call it: “Getting your come-uppance”. Americans are smarter than they are given credit for. Just thinking out loud here.

  • WVBORN56

    I doubt our ammo will help much when the atom bombs start falling. The best prep is to know Jesus as the one who can pay our sin debt and make us acceptable to the Father. America’s future looks pretty bleak so I am storing up for myself “treasurers in heaven”….Check out John 3:16 and Romans 10:9 so you don’t miss the boat! Blessings to you.

    • GSOB

      “We each long for full sanctification in the eternal state, even while we are growing in sanctification here on the earth.
      Our current gradual growth in grace is a pointer to our final, full sanctification in eternity.
      Likewise, the kingdom’s growth upon the earth develops the glory-principle on earth even as it looks forward to the full fruit of that glory beyond this fallen realm.”

  • immxdmta4

    We were never OUT of recession. There was never any ‘recovery’! To recover would mean, by definition, to go back to whence one came from before the ‘bad’ happened. All we’ve experienced since 2008 is ‘less’ bad.

    • alan

      Yep, Rome had bad days…Now bring out more dancing with the stars!

      • GSOB

        “Since the first coming of Christ to establish the new covenant, the eternal order exists in seed form.

        Just as we long for a future bodily resurrection (John 5:28–29), even now we are spiritually resurrected in Christ (John 5:24–25; Eph 2:6).

        Even as we long for the consummate, perfected new creation (2 Pet 3:13), we are now a spiritual new creation growing toward that end (2 Cor 6:17; Gal 6:15).”

  • Jazz

    Some financial crisis! Lol. As I have been saying for weeks, the markets bottomed on Aug 24 and now we are onto new highs. Market up HUGE again today!

    • Watchman

      Lol. Hows that trolling on other websites going Jazz? You really think anybody would listen to you for financial advise. You are only good for comic relief. Now run along like a good little sheep.

  • Bubba Johnson

    News Update
    The FED not only stopped the debt clock, it is now going in reverse.
    Nothing to worry about. Move along.

    • Jazz

      I know! New stock market highs on the way. Woo hoo!

      • Watchman

        The only highs on the way are what you are smoking Jazz. Or is reality so harsh for you to acknowledge historical patterns and the 7 year economic cycle?

      • Bubba Johnson

        Like Mr Hallorin said Danny, it isn’t real.

  • JPS

    Am I the only one who laughed out loud when I read the title of this post? There’s many arguments to suggest we might enter a recession soon, but Walmart stock falling? Come on, now it’s just sad. When will people stop believing everything this dude says?

  • kathy k

    I bought raman noodles to pass to people as they pass on

    • alan

      LMAO!

  • DB200

    ex-Fed Chairman Ben Bernanke has recently written a book about how he saved the world. Maybe this fairy tale book will crank up sales at Walmart :-)

    • Joltin Joe

      Put it next to the bible with the rest of the fiction books

      • Jerry C

        The Bible will be around another thousand years and you’ll be long gone & the one considered fiction.

        • Joltin Joe

          I can make up stories too.

          • GSOB

            After his crucifixion & resurrection from the dead, Jesus presents to his disciples the Great Commission.

            In that Commission we have a truly great command that involves a great expectation:

            a promise and expectation of worldwide victory:

            “Go therefore and make disciples of all the nations, baptizing them in the name of the Father and the Son and the Holy Spirit, teaching them to observe all that I commanded you” (Matt 28:19–20a).

          • GSOB

            The Great Commission requires gradualistic development

        • GSOB

          Before his crucifixion Jesus promised his disciples: “Now judgment is upon this world; now the ruler of this world will be cast out. And I, if I am lifted up from the earth, will draw all men to Myself” (John 12:31–32). Here he teaches that Satan is about to lose the power that has kept the nations beyond Israel from turning to God. And as a direct result of that casting out, he says he will be lifted up so that he might “draw all men to Myself.” This surely implies a gradual drawing, not everyone all at once. And it certainly speaks of a dominant influence, an influence that can be expressed as involving “all men.”

          • GSOB

            How can these eleven disciples

            (Matt 28:16) expect to disciple the whole world suddenly?

            He does not call them simply to be a witness to the nations or just to preach to the nations. But actually to disciple them by baptizing and teaching them.
            This entails global victory over the nations in that the nations are to be baptized and taught.

            Jesus even braces them for the historical long run when he assures them by promising:

            “lo, I am with you always, even to the end of the age” (Matt 28:20b).

  • Dex

    what exactly was wrong with my post here?

  • alan

    Then next month they will report gains and the recession will be over.

  • gfhq

    To hell with Walmart. Walmart and all the other multinational chains are the exact reason why the local mom and pop stores have closed down. With the help of government, the multinationals have made it close to impossible for the small man to compete.

    This is not capitalism, but fascism. I hope Walmart like the other big multinational chains, close their stores and lose all their profits.

    They deserve it.

    • CASTIEL

      The same happened to me….I had to close.Theres no way we can compete against those companies……In these days its impossible to open a small companie…Theres no room for more business…Theres no market control because some companies have the monopoly in certain products they control the prices of these produts and pay miserable salaries….open a small business in these days its like you shooting your own foot….I hope these idiots bite their own tail….let them tumble down :)

      • SunnyFlaSnotress

        I don’t see it that way. Businesses can order from China just like Walmart. If anything the playing field is getting more level..and that’s why Walmart is facing karma.
        Groceries though, are more of a unique industry. It’s probably easier to import goods than to make the local collectivized connections in the grocery field.. but marketing is marketing. Walmart didn’t do anything that nobody else could.. they just did it better.

        • CASTIEL

          i was productor of wine and cattle….the big companies buy wine not refined at low cost from other farmers…the farmers dont gain anything….and then those companies put these products at very low prices…prices that i cant compete even with a very big farm..even if i try export the wine…i selled other products like vegetables meat with very good quality……i had cattle that only eat grass like in the old days not cattle that are injected with all kind of stuff to grow up quicly and produce a meat with low quality and worse its bad to our body, but people prefer cheap and low quality than good quality at medium prices…people that go to wallmart or other simillar in other countries dont know the true quality of what a product can offer…….and the other situation its that we are infested by chinese produts……almost any country have its own production….its all made in china……..in europe they put their crap without paying taxes…..any taxes …..and us europeans we pay taxes….how can we compete with those chinese? if we allow them to put their products we allow to them destroy our economy….Big companies control the market and sometimes they are so big that can destroy an entire sector of industry when they collapse by their greed and that cannot happen

          • Diana Smith

            Don’t let SunnyFlaSnotass get to you. She’s a vindictive troll who only likes to contradict everything we put up.

        • lxfg

          You’re wrong.

          Walmart like all the other global multinationals, did not get to where they are today without the help of big government.

          That is why they all have corporate lobbies, campaign donations etc made to the political parties in exchage for law making to be made in their favor. This essentially makes it difficult for the small man to compete. This is not capitalism but fascism.

          • SunnyFlaSnotress

            The government is wiling to help all business.

          • lxfg

            No its not. Either you are being a troll or you are really naive and ignorant.

          • SunnyFlaSnotress

            The government has always espoused small business loans.

        • jhowell882

          go away troll you suck and you know it

          • SunnyFlaSnotress

            I flagged you. 😛

  • Christine

    A few years ago, when it became apparent that no amount of QE is going to provide long-term economic stimulus or promote sustainable economic growth, bets were actually in favor of Walmart as the one-stop-shop of choice, as family budgets required scaling down to lesser expensive goods and away from boutique markets. It was expected that Walmart would pick up the business from the higher priced stores. That just goes to show you how deeply this economy is sinking, when even Walmart can’t meet modest revenue expectations.

  • Alleged Comment

    People are catching on to Walmart and China. Walmart is becoming like Sears but for a different reason.

    With Sears you buy once and don’t have to return for many years (they made their products so good) with Walmart you have to return every few months (because that is how long something last).

    So, take your choice why Sears or Walmart is going down and which would you have?

    Without Walmart enough buyers existed to keep Sears alive. So RETURN back to Sears and shop LESS and get MORE!!

  • Hector JE

    We all know that wars reactivate economy, so it is possible B.O and Putting are planning the WWIII for that purpose. So stupid at the end but that the cruel truth.

  • Alwaystomorrow

    Walmart only can not sell “Chinese products” if consumers do not buy them.

  • robert

    I do not quite understand the idea that Walmart is the enemy of the public and that “mom and pop” stores were truly public servants. As a much older person on this forum, I find it very nice that I can go to a single store and get what I want under one roof. It is well lit, has decent toilet facilities (much needed at times), easy return policies, convenient hours. In one store I can eat a bite, buy a gun, get my car serviced, exercise walking around the huge floor, buy new prescription glasses, get a prescription filled and I think it was Walmart that forced the pharmaceutical industry in selling cheap, 4 dollar, common meds such as some antibiotics. Where I live Walmart provides shaded parking. I have never seen a mom and pop operation where you could do any or all of these things especially having a toilet available. You might not like Walmart wages but what is the alternative? If that is your skill set based on your education level, then that is what you get. Each of us is responsible for ourselves, not Walmart or some other company. Walmarts are usually convenient and usually clean enough. The mom and pop operations that I recall had little to choose from, forget returning something and there was no competition. Survival of the fittest. As for selling Chinese junk, what retailer isn’t? If I can save money shopping Walmart, I am grateful for it.

    • Sandbagger

      I hear you! If you rely upon a pension and/or social security, you need to shop as cheaply as possible because you certainly aren’t seeing any cost-of-living raises!

    • jaguar

      The reason why people don’t like Walmart is because they are owned by. People that are a part of the New World Order!!!!

      • robert

        I do not know what you are talking about with your statement. What is the source of your information? Who are these people? Others have focused on Jade Helm. They never mention that the US Army Special Forces have conducted training in NC for over 20 or 30 years. That was called Robin Sage. Citizens in several NC counties were glad to assist the training. It was a hobby to some of the locals. Methinks Walmart is wrongly accused with no evidence. Besides, if all were true, that would not keep me from shopping at Walmart. I do not worry over stuff I cannot control. I imagine you use Google. Google has a history of cooperating with authorities over one thing or another. Microsoft supposedly buries privacy eliminating code into its operating systems yet most continue to use it. At least that is what the rumors suggest just like the Jade Helm stuff.

        • Alwaystomorrow

           “I do not worry over stuff I cannot control.” Well said Robert. I couldn’t agree more.

    • Karl

      Nice post. I’m an old fart myself. Mom and Pop places were over rated. If you want to pay TOP dollar go to a Mom and Pop place. Walmart saves me a lot of money on my prescriptions. Between their low prices and me using coupons, it’s the best place to shop.

      • Gay Veteran

        enjoy your savings courtesy of MILLIONS of American jobs being shipped overseas to China, India, Vietnam, etc.

    • fasleflagusa

      Spoken like a true communist. Well done, Comrade.

  • MaxRockatansky33

    Wall st (Dow Jones, NASDAQ, S&P) is doing just fine so I don’t see any crash on the horizon. I should rather focus on the Middle East where World War 3 is brewing.

  • El Pollo de Oro

    Talking to preppers, one hears different scenarios describing the future of The Banana Republic of America. One is the “Optimistic Scenario.” The other is the Not-So-Optimistic Scenario, also known as The Mad Max Scenario.

    The Mad Max Scenario: the total collapse of civilization as we know it. Infrastructure ceases to exist. No more running water. No more electricity. Americans turn to cannibalism to keep from starving. 90% of the BRA population dies from famine and disease.

    The Optimistic Scenario: the BRA gradually goes into economic conditions much worse than the 1930s. Formal devaluation of the BRA dollar, making it equivalent to the Bolivian boliviano or the Guatemalan quetzal. Bank holiday. Third World conditions become widespread, although we’re talking El Salvador or Honduras rather Haiti or Somalia. Infrastructure becomes much worse, but doesn’t collapse altogether. 45%, 50% unemployment, or worse. Major civil unrest.

    I believe in the Optimistic Scenario. I’m not predicting total Mad Max, but more and more Americans will find out what it’s like to live in a country like Bolivia. And either way, the BRA is in deep s**** economically. So what can you do? Prep and pray. Prepare for the worst. And instead of listening to the lamestream media’s useless blather, listen to credible sources such as Michael T. Snyder’s blogs, Gerald Celente, Alex Jones, Peter Schiff, Zero Hedge, SHTFPlan, Max Keiser on RT, Ron Paul, Lew Rockwell, Chris Hedges, Justin Raimondo at Antiwar dot com. The Patriot Nurse on YouTube gives some excellent tips on prepping.

    “Barack Obama bailed out the banksters and left Main Street to rot. You have infrastructure, municipalities, bridges just crumbling.”—Max Keiser

    “There’s going to be a worldwide financial meltdown. This is dire. The bank runs have already strated in Europe.”—Alex Jones

    “Americans know their financial futures are slipping away. They have no savings. They have no net worth.” —Peter Schiff

    “The wealth gap in the United States is worse than it was during the Gilded Age.”—Gerald Celente

    “The foundations of the American economy, for the last five years, have been false foundations.”—Joseph Stiglitz

    “The American empire is a system that runs on death and destruction, killing thousands every day. But every empire falls. U.S. hegemony and the corporate power structure it serves is cracking.”—Abby Martin

    “The pieces are
    in place for a global financial meltdown. This is a much more powerful,
    concentrated, consolidated and unstable banking sector than we have ever had in
    history.”—Nomi Prins, author of “All the President’s Bankers”
    and “It Takes a Pillage”

    Bienvenidos al infierno. Welcome to a front-row seat in Third World hell, also known as the rotting, decaying Banana Republic of America.

    • LiberalsAreHumanExcrement

      where does one hide? and with what?

      • Antonio Ossa

        THIS IS WHERE YOU STICK YOUR HEAD BETWEEN YOUR LEGS AND KISS YOUR AZZ GOODBYE!

  • Harbinger

    Shopping at Walmart is an eye opening experience. It’s a true reflection of how far our society has fallen. Unfortunately people have become mindless drones that are just going through the motions. Stop all the freebie programs and watch how fast the big box stores close their doors. People no longer are able to apply common sense to anything. We live in a throw away society that is imploding from within. How is it even possible that the average family has over $57,000 worth of debt?

    • Alwaystomorrow

      I am actually surprised that the way people spend the average family is ONLY $57,000 in debt.

      People look at their bills and think how much they need to make rather than looking at what they make and see what they can afford.

      • Harbinger

        That means they would have to excersise some common sense and unfortunately common sense is foreign to many many people.

        • Alwaystomorrow

          Agreed.

  • Tina Smith

    Walmart ruined my father in law’s life! They are the most corrupt store and will screw an employee to save money! My father worked for Walmart for 10 years, and was a hard and dedicated worker, and had numerous employee awards from Walmart over the years. In fact, he even invented a way for them to save money in the bakery by keeping the hot bread warm. A little over a year ago, at the age of 73, the store manager told him to go outside and unload a 600 lb water pallet off the semi truck…by himself! My father did as he was told, knowing he would not be able to lift that alone.He tried to do the job, but fell over in pain, and tore his hernia (and within a few hours started bleeding out of his colon). It was a midnight shift, and they sent him home and told him to return in the morning to fill out worker’s comp documents. When he returned he told the Walmart doctor he was bleeding out of his rectum and spitting up blood, and so the manager drove him immediately to the hospital. He was in for 3 days, and had a colonoscopy and upper GI test. To make a long story short, Walmart hires their own insurance company (this was in Vegas), called Sedgwick. They are the most corrupt worker’s comp I have ever dealt with (I was helping my father with all this). At the end of the day, they refused to pay the $40,000K hospital bill, and my father’s health insurance through Walmart refused to pay the bill because he was not an “out patient.” He was forced to quit the job because the injury left him with constant urinary leakage. He now lives on only small social security and food stamps. He tried to fight the bill in court, but the Vegas “free” courts are extremely corrupt and cater to the big corporations such as Walmart. His own lawyer undermined my father at every corner, and made back door deals with Walmart without discussing or informing my father. It was evident he was “paid off” by Walmart. Sedgwick worker’s comp did everything in their power to get out of paying his $40K bill by outright lying and denying hospital records existed (though we had copies of them in our hands). They were rude and cruel and lied through their teeth. Even the Walmart manager turned on my father and treated him like poison. My father can no longer work anywhere and now has a $40K bill that should have been covered by Walmart. Walmart is a dirty and corrupt store and they do not deserve our business. I can see why they are going under! What goes around, comes around!

    • Harbinger

      From my own experience and from listening to many others the legal system, courts and government have become irrelative for anyone seeking justice based on the truth. Unless you can tickle the judges ears with lies or play to the ego of the politicians you will lose every time. The system is broken beyond repair and if you continue to work within the system you are part of the problem rather then the solution.

    • Guest

      I stopped shopping at Walmart years ago when my mom worked there for a short time before she told them to shove it! They do treat employees like crap! Thankfully my mom was doing it because she was bored and had no problem quitting!

      I’d like to think that all the money I haven’t spent there has now contributed to their current state! All I can say is suck-it Walmart, looks good on you! You can only screw people over for so long! I’ll NEVER spend another dime on that place!

    • Priszilla

      What do we learn from this – ask for help when you can’t do the job by yourself.

    • The Cat

      My BIL was injured working there. Not sure of the details, but it had something to do with faulty equipment. The accident was on camera. The Dr he went to see said not to count on Walmart’s work men’s comp, because he said they DO NOT EVER pay and find ways to get out of every claim they get. He turned out to be right in this case.

  • Goldenpuff2

    Obama is waiting for the day the new Republican President walks into the Oval Office. The note will read: Guess what? You’re in Recession and it’s the Republican’s fault.

    • Jerry C

      Truth. LUITPOS has been groomed to go to the U.N. to become king of the world and will have 3 1/2 years of fame; until he is thrown alive into the Lake of Fire. TPTB are holding everything off ’til they give the U.S. Presidency over to Trump, who will negate most of LUITPOS EOs and then they will pull the plug. TPTB will get everything they want plus blame it on those evil bad Republicans and make LUITPOS smelling like a rose. But regardless of its name, a turd will always be a turd.

      • GSOB

        Under who’s ministry are you getting this from?

        • Jerry C

          No ministry. This is my own opinion. There is only one organization on earth now that has a revolving presidency that would fulfill Revelation prophecies of the kings giving their authority to rule over to the Anti-Christ. Time will tell.

    • SunnyFlaSnotress

      Like a DrudgeReport link was saying, the influx of aliens only means a more permanent Democratic base. The privileged white man is no longer the majority voter.. They are still in denial.. and they foolishly think they can get the younger white female camp to follow them..oh they have some overgrown girls from the bumfuhk states doing their cheerleading on occassion but in reality, it is just head deep in sand etc

  • Mr Obfuscation

    Walmart is the store of the middle class, if Walmart is hurting then middle class is either disappearing or in deep trouble (or both).
    I don’t see a turn around as long as Obama is occupying the White House and the government is run by his selected group of incompetent individuals.
    Fact that interest rates have been around zero for so long tells me that the economy is in deep freeze. Government can tell us all the stories they can make up in the White House but I don’t buy it. Does anyone?
    Waiting for January 2017.

    • jakartaman

      I am afraid a change of “leadership will not stop whats coming. We are already off the cliff in free fall – just waiting for the sudden stop. We are also in free fall from a moral decline. I don’t see a turn around to GOD – and I don”t think HE is pleased with HIS decadent children. We are on parallel roads to destruction.

  • Priszilla

    Oh well, how do people expect retail growth with falling wages?

    • Jazz

      Consumer confidence is rising and the consumer will keep on spending in the gold ole US of A. No recession on the horizon. We are back to business and the stock markets keep going higher.

      • MaxRockatansky33

        Keep dreaming normalcy bias.

      • Priszilla

        Stocks rise with falling wages (lowet costs).
        Stock earnings don’t flow back into the economy. That would require selling of stocks. Any money locked in stocks is not available to the economy.
        People spending usually means people taking out loans because they can’t afford what they want.

  • Barry Goldwater

    Wal- Mart is the behemoth of retailing in the USA. With a Super Center in every town and some towns with multiple Super Center locations it has achieved a massive foot print rivaling another former giant retailer Sears Roebuck & Co.
    Wal – Mart built it’s success story on low wages, no benefits and mostly part time jobs often forcing venders to move operations off shore to satisfy Wal -Mart’s drive to lowest unit cost and highest profit margin.
    They have succeeded in showing America how to drive down wages but now that same low wage model is failing to support profit margins as consumers feel increasingly pressured to survive which doesn’t include elective spending of any kind , especially the cheap low quality junk often found in Wal- Mart stores.
    The clock is ticking for this Company that has reached the apex of the growth pyramid or as some would say , “the top of the mountain”. It’s lonely at the top and at it’s peak there’s never any other direction but down. We’ve seen the opening shots already fired with the lay offs at Corporate headquarters . It’s only the beginning.
    .

  • Plextt Plextt

    If you would like to see what Tyrell is doing with your hard earned money just make your way to Wall-Mart at the first of each month.

  • HeyAHuman

    Wal-Mart’s downturn will have a great effect on its suppliers and affiliates as well. Wal-Mart have pressured many companies to outsource for cheap overseas labor to drive high yield at the lowest prices. They eliminated livable wages, screwed other retailers, and damaged the pedigree of many companies just to be able to offer the lowest prices. Now, as they sink, many other companies will begin sinking with them.

  • VigilanteCaregiver

    Well… do we, as a nation, need Walmart’s?

    Just another company – they come a go, especially during economic depressions. Retailers are only middlemen; dime a dozen. Loss of jobs can be offset by creation of better jobs. Too bad this nation is committing slow suicide and refuses to save itself.

  • chilller

    “Analysts had estimated a gain of 4 percent on average, according to data compiled by Bloomberg.”
    Either these so called Analysts are complete morons for missing by such a huge margin or their data has been….MANIPULATED!……

  • TimeHasCome

    But , but , but Warren Buffet said this was the best economy ever !

  • Antonio Ossa

    YAY! THE RECESSION IS HERE!

  • Dennis Fales

    The fact that Walmart’s sales are down is proof that the economy is picking up. It means that people are wealthier and can now shop exclusively at Whole Foods and Neiman Marcus. Do you think I can get a gig on CNBC?

  • DANA

    It’s unfortunate for the rest of us, but yea, Walmart has a huge theft problem. Walmart also has a high proportion of its customers that are on welfare and live in section 8 housing, at least this is true in my area. It may not be kind or PC to say this, but I think there’s a connection.

  • DANA

    “thanks to legislators who kept kicking the can down the road–and the voters who kept putting these people in office.”
    a.k.a. liberals

  • Uncle Scam

    I see 4 classes in the New Feudal World Order that is being installed before our very eyes. The Rulers at the top (Kings & Queens) will still need the Elites (Lords & Nobles) to enforce their will, primarily through the establishment and maintenance of the security state. Next is the Debt Slaves (Serfs) who will be reduced to the meagerest of existence and whose effort and wealth will be taxed and confiscated to support and maintain the upper classes. Last are the Canon Fodder. These will be mostly those that do not serve any useful pupose to the order and will be conscripted to fight the elites wars, or if they are not even competent for that, placed into areas to essentially starve. Anyone that revolts, will be sent to the gulags for re-education or worse. Same as it ever was.

  • Cambridge101

    Take away the Billions WalMart has shoveled in from EBT (Food Stamps), and WalMart’s profits would be in the toilet. They have spent tens of Millions on lobbying in Washington DC to keep the EBT gravy train rolling.

  • Jazz

    If the market keeps “crashing” like it has the past few weeks I can retire soon! US and foreign markets are taking off like a rocket. I’m glad the worst is behind us.

    • HeyAHuman

      If all you pay attention to is the manipulated Wall St. Circus average, then things would appear peachy and prosperous. Ignorance is bliss, after all.

      • Jazz

        Well if the markets keep surging like they have it will keep increasing consumer confidence and consumers will keep spending and companies will keep hiring. It’s actually quite simple. For most of us, the economy looks mighty fine!

        This blog should be more concerned about income equality than a collapse. That is more of a real issue. There are two camps – those who are struggling and see the glass as half empty and those thriving who see the glass as half full.
        For those of us making good money the economy is robust and strong showing signs of slow but steady growth.

        • fwalkerl5

          Just another proof of your lack of knowledge regarding market cycles vs economic cycles. The notion of markets surging while still 6% lower over the last 90 days and the ludicrous comment that you’ve made enough to retire on the 3% sp500 “surge” since I debunked your last delusions seems very telling Pinocchio

  • TtT Engine

    Yes, Corporate America exchanged short term profits for longevity. Now there are fewer and fewer buyers because of unemployment and huge government crowding out of the private sector. It is like a track runner in the 800 who sprints in the first 100 meters and cannot finish the race. Without Many good life sustaining jobs, America is doomed. . I heard Pepsi is launching robot truck drivers and factories going down to 7 employees. Satan preys on the unemployed. NWO is death ! Christi Fidelis !!

  • John Atkins

    The federal reserve needs to print more money and the government needs to give that money to people to go spend it at walmart. Problem solved. :)

  • Jazz

    I notice the markets go way up and fwalker disappears lol. Can’t admit he was wrong about the S&P going to 1400. Guess he can’t admit Jazz was right again. New highs on the way! We should take out 2060 next week which allow another Sabta Claus rally right into the end of the year. Money is flooding into the markets not out of it.

    • MaxRockatansky33

      Stop being delusional hurraoptimist. Or you just trolling? Money? What money? Empty numbers out of nowhere is not what we call money! Just take out this FED crack pipe off the Wall st junkie and see what happens next.

      • Jazz

        Well bubbles can go on for years and we haven’t even reached phase 4 where stocks go through a period of euphoria. So I say we have at least another 1-2 years of the bull market.

        • MaxRockatansky33

          A period of euphoria is what happens now and since at least two years.

          • Jazz

            Nah look back to the tech bubble in the late 90s and stocks in 2006-7 those were unsustainable levels. Today stocks are expensive but not ridiculously expensive like they were prior to previous crashes. We still have a couple of years before stocks get back to those crazy valuations.

            Consumer confidence and spending numbers are far too robust for a recession just yet and fed won’t dare raise rates so it will be slow growth for the markets but no downturn.

            As I have said before the only thing that takes this whole thing down is a black swan event that could happen tomorrow or years from now. Just like Jesus coming back. It could be soon or it could be much later. This economic crash could be many years away. No one really knows!

          • MaxRockatansky33

            I think that stock market patterns is not defined by it’s historical trends. It’s more like a pure mathematics plus speculation of course. Some historic events or as you described black swan event could overturn this in one week. We should keep an eye on the Middle East because something very nasty is happening there.

          • Jazz

            I agree that each pattern is separate and doesn’t have to go by historical standards. I admit the US is on borrowed time because we never fixed the problems from the last crisis. However, there is no direct proof that a financial collapse is imminent. It could take years for the crisis to fully unfold and rear its ugly little head.

            Yes a world war or major tensions in the Middle East could break out or a significant domino could fall like a Glencore or Deutche Bank and things come tumbling down. But absent one of those triggering events I think things have to get much much worse than how they are today before a crash happens.

            The cheery mood on Wall Street and money flooding back into the US markets tells me there is FAR too much confidence in the US system for a crash to take place soon. I don’t see a crash coming until there is a crisis of confidence which would need to be created by a black swan event.

            And predicting these black swan events is kind of like predicting when and where lightning will strike in the future – fun to predict but nearly impossible to be 100% correct.

          • fwalkerl5

            Complete rookie notions and nonsense.

          • MaxRockatansky33

            Actually World War 3 is already ongoing (Middle East) but it’s not hot yet and the Western civilization is not affected. Yet. But the rich are already packing their belongings and/or buying commodities. Gold, silver and other metals.

          • fwalkerl5

            Obviously youre still confused regarding monetary policy and its effects as well as the difference between market cycles and economic cycles. Your comments are ludicrously comical to anyone with education or knowledge regarding such. Thanks for the laughs …again :)

    • fwalkerl5

      Looks like some rookies don’t know the sharpest rallies occur in bear markets. The key indices have managed to remain higher for two weeks longer than I suggested and a full 1.5% higher. Bulls got a few days to pretend they have a clue as they’re now only 5-6% below highs meanwhile bears will be laughing for years of the foolish speculators at djia 17,000+ and sp500 2000+. Sp500 1600s by DEC and 1400s by q2 2016. Watch and learn…again.

  • Tom Kimmitt

    How much actual money does Walmart take in? Modern welfare recipients are provided with Supplemental Nutrition SNAP cards and they use digital government dollars provided by the tax dollars of We the People. If and when the government stops giving them free money, Walmart’s numbers will crater. Also, regarding the purchase of ammo at Walmart, I suggest paying cash, as your credit card information tells Big Brother what guns you have. Move to the country while you can and buy seeds, ammo, physical gold and silver, big dogs, propane and a Big Buddy heater, a generator and a lot of dry goods and water while you can and most importantly if you have not done so already, find God.

  • GSOB

    Like it or not, we all depend on the living God for our very existence, every breath we take.

    Make the time to give thanks to Him.

  • GSOB

    In Ezekiel 47:1–9 redemption flows forth from God’s temple in stages. The waters of life initiate from under the altar, first “to the ankles” (47:3), then to the knees (47:4a), then to the loins (47:4b), then it “was a river that I could not ford” (47:5). As a result: “everything will live where the river goes” (Eze 47:9).

    • MaxRockatansky33

      Can you write something different than rampant bible thumping?

      • Gay Veteran

        no, he’s a parrot

  • NARENDRA MODI KING of WORLD

    oh well, I really wanted to listen Michael’s interview with Dave at x22report spotlight, but next time

  • grumpyhillbilly

    Wal-Mart has been putting the working class that it caters to out of business since its inception. It was always doomed. However it is a harbinger of the collapse it so gladly help create. Shareholders may be getting burnt, but the Walton family isn’t. And their ilk who created this mess, just don’t care as they are to flying to their compounds in the southern hemisphere.

  • Asok Asus

    “Wal-Mart’s Worst Stock Crash In 27 Years Is Another Sign That The Economy Is Rapidly Falling Apart”

    Nope. Just a sign Walmart is rapidly falling apart. Fool bean counters are now running Walmart, and they can’t figure out that people quit shopping there because they refuse to keep the shelves stocked and open enough checkout lanes.

    It’s why I quit shopping there for groceries many years ago. Mondays are the worst as they refuse to run trucks on Sunday, so the shelves are stripped bare on Monday. Even normally, they refuse to fully stock the shelves, and yeah, open checkout lanes too.

    The local grocery stores here long ago learned to compete with Walmart by lowering their prices and increasing their service; at least the Kroger-owned store chains here have figured that out. They’re packed to the rafters all the time now around here and have all their checkout lanes going full blast, while over at the Walmarts it’s basically SleepyTown.

  • SkippingDog

    Or, it could be a sign that people are getting tired of buying Chinese crap at dingy stores that usually have only 2 or 3 checkstands out of 40 in operation.

  • DennyOR

    The economy may be falling apart, but a 10% decrease in Walmart’s earnings isn’t a sign of it. It’s a sign of the creative destruction that advancing technology always has and always will bring about. Throw away your computer and go live in a cave if you can’t take it any more.

  • artfuldgr

    Tired of lies by ommission… they did not plumet beacause of a failing economy, they plumeted because they spent money to meet a changing economy… duh…

  • Mondobeyondo

    Fresh and Easy just called it quits.

    Yep, the grocery chain that was the answer to “How do you describe a promiscuous teenage girl?” has thrown in the towel.

    http://www.nbcnews.com/business/business-news/western-grocery-chain-fresh-easy-will-close-its-97-stores-n449186

  • lilbear68

    the waltons can do with fewer millions no sympathy there. if their business model is crashing let them copy Costco

  • Jennifer Eastep

    This isn’t a sign of economic collapse. This is a sign of evolving ideologies with main stream consumers. Walmart has a dirty laundry list of reasons why consumers are no longer shopping at there stores. Here are the top 2 reasons why Walmart is seeing a decline.. 1. People are tired of buying low quality consumer goods made in China, Taiwan and other foreign countries. 2. Walmart’s pay scale and employee treatment is horrible. Most employees get less than 40 hours a week and are considered “part time” which excludes them from Walmart’s benefits packages. Employees typically make minimum wage (or slightly above) and a large majority of it’s employees have to depend on SNAP or some sort of government assistance to make ends meet. A company that brings in Billions of dollars every year should pay it’s employees a decent living wage and offer better incentives. Many Americans like myself no longer spend our money at Walmart because of this and apparently the tide is shifting against Walmart..

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