The Conservative Cave
Current Events => Economics => Topic started by: bijou on September 22, 2010, 01:31:39 PM
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There is no Santa Claus. The next best thing is Wal-Mart. And Wal-Mart says we're all getting underwear for Christmas.
OK, so maybe some children will still receive their annual allotments of cheap electronic games and plastic toys.
"But for all you adults out there, I think you should plan on socks and underwear for Christmas," said Bill Simon, CEO of Wal-Mart's U.S. business, at a Goldman Sachs conference last week. "Because that's going to be what you are going to get -- at least from me."
He was kidding. But he was not all that funny.
"The Wal-Mart customer is a bit of a microcosm of the U.S. economy," he explained at the conference. ...
http://online.wsj.com/article/SB10001424052748703470904575500343956694632.html?mod=crnews
Short but worth reading the full article.
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I wonder how many times the WSJ is going to run the same article. I think that's the third time since 2009.
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I wonder how many times the WSJ is going to run the same article. I think that's the third time since 2009.
Yeah, haven't we heard this before?
Not a knock on you, Bijou. I just have seen this in several contexts since the economy started dipping when the Dems took over in 2006.
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Here's how bad it is in my area.... I'll be getting tube socks from the flea market.