@HouseCleaning
13 Years5,000+ PostsGemini
Crash of 2015 (Page 2)
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Posted by capricornmoon
Posted by HouseCleaning
Posted by capricornmoon
Posted by HouseCleaning
Posted by capricornmoon
Posted by HouseCleaning
well did it?
iIt did,
Probably. WALMART didn't close down approximately 400 stores nation wide for nothing. There's something they're not telling us.
thats your indicator?
Yea. Just ignore that. No significance at all.
you don't have to tell me
I don't.
But it still doesn't change the fact that a huge conglomerate is closing down nationwide locations due to low profit margins from you know, a booming economy that isn't facing a likely crash and all.
click to expand
its 269 stores and of those 269, 154 are in the US "...including the company's 102 smallest-format stores called Walmart Express, which were opened as a test in 2011."
Posted by capricornmoon
Posted by HouseCleaning
Posted by capricornmoon
Posted by HouseCleaning
Posted by capricornmoon
Posted by HouseCleaning
Posted by capricornmoon
Posted by HouseCleaning
well did it?
iIt did,
Probably. WALMART didn't close down approximately 400 stores nation wide for nothing. There's something they're not telling us.
thats your indicator?
Yea. Just ignore that. No significance at all.
you don't have to tell me
I don't.
But it still doesn't change the fact that a huge conglomerate is closing down nationwide locations due to low profit margins from you know, a booming economy that isn't facing a likely crash and all.
its 269 stores and of those 269, 154 are in the US "...including the company's 102 smallest-format stores called Walmart Express, which were opened as a test in 2011."
Walmart announced last week that it plans to close 269 stores this year, including 154 stores in the U.S. The closings include Walmart Express stores, Neighborhood Markets and Supercenters.
click to expand
now you're just embarrassing yourself
http://www.usatoday.com/story/money/business/2016/01/15/list-of-walmart-stores-closing/78852898/
heres this ripped from the walmart's website
As part of today’s action, the company will close 154 locations in the U.S., including the company’s 102 smallest format stores, Walmart Express, which had been in pilot since 2011. Walmart instead will focus on strengthening Supercenters, optimizing Neighborhood Markets, growing the e-commerce business and expanding Pickup services for customers. Also covered in the closures are 23 Neighborhood Markets, 12 Supercenters, seven stores in Puerto Rico, six discount centers, and four Sam’s Clubs.
The retailer is closing 60 loss-making locations in Brazil, which account for 5 percent of sales in that market. Walmart, which operated 558 stores in Brazil before the closures, has struggled as the economy there has soured. Its "Every Day Low price" strategy has also not been able to break against heavy promotions from key rivals.
The remaining 55 stores are spread elsewhere in Latin America.
i guess its my turn to be trolled
look
dumb dumb @capricornmoon
im going to give you these numbers
2014 revenue. revenue means how much money they make before the subtraction of cost.
ebay - 17.9 billion USD
khols - 19.03 billion USD
target - 72.62 billion USD
amazon - 88.99 billion USD
costco - 112.64 billion USD
walmart - 485.7 billion USD
Posted by capricornmoon
Posted by HouseCleaning
lookdumb dumb @capricornmoon
im going to give you these numbers
2014 revenue. revenue means how much money they make before the subtraction of cost.
ebay - 17.9 billion USD
khols - 19.03 billion USD
target - 72.62 billion USD
amazon - 88.99 billion USD
costco - 112.64 billion USD
walmart - 485.7 billion USDKeep up stupid. Stick to what you're good at like scribbling characters. We're clearly talking about the present.
click to expand
Posted by capricornmoon‚, yea, just what I thought.
Bout to DM you a coloring book.
Leave the discussion for grown, mature folks,
or you can go back to the kitchen you appliance
I still don't think it crashed. 😛
Posted by MrFirebird
Posted by truecap
Posted by LetltBBut...look at the top 9 and how many people will be losing jobs... extremely sad and scary. That's just RETAIL.
Add to that the 700 recently laid off from US Steel and about 140,000 oil field workers and there are probably even more industries I don't know about. Lay offs tank the economy because those families aren't going to be spending. They aren't buying clothes or toys (oil field guys are young and buy lots of toys - trucks and boats and 4-wheelers, etc) or anything else. They are going to be struggling to buy food and utilities.
It IS very scary.
click to expand
http://www.nytimes.com/2015/08/15/business/energy-environment/low-oil-prices-pose-threat-to-texas-fracking-bonanza.html?action=click&contentCollection=Energy% 20% 26% 20Environment% 20®ion=Footer&module=WhatsNext&version=WhatsNext&contentID=WhatsNext&moduleDetail=undefined&pgtype=Multimedia
http://www.nytimes.com/interactive/2016/business/energy-environment/oil-prices.html
"At the end of WWI, our currency shifted from the "gold standard" over to what is now called the petro-dollar, or the oil dollar. So as the price of oil rises, our dollar value drops.
For decades, OPEC's currency for all exported oil was the good old greenback. And today, 50% of the strength of the United States currency is dependent on cheap, plentiful oil. While the Euro gains in price, and the dollar drops fears have begun to develop that OPEC could successfully shift its standard currency from the U.S. dollar to the Euro, as Iraq and Iran have tried to do.
The value of the dollar would plummet by roughly 50% and we would find ourselves in an economic state far worse than the Great Depression. The terrifying part is, without our military presence in the Middle East, it would probably happen."
http://www.enopetroleum.com/usoildollar.html
I'll just say this: The fact that the US is no longer the major manufacturing nation it once was, prior to 1960, with increasingly sharper declines, in all sectors, including the factory service sectors, throughout the 1970s thru 90s, and the workforce shifting from production to service oriented occupations and professions, along with manufactory occupations training, there IS a threat to national security, in the sense that the US is not only on the verge of a major economic collapse, but the promise of economic recovery is also at high risk.
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So many industries rely on the oilfields. So many businesses have been affected and it's only getting worse
Posted by capricornmoon
Posted by HouseCleaning
Posted by capricornmoon
Posted by HouseCleaning
Posted by capricornmoon
Posted by HouseCleaning
well did it?
iIt did,
Probably. WALMART didn't close down approximately 400 stores nation wide for nothing. There's something they're not telling us.
thats your indicator?
Yea. Just ignore that. No significance at all.
you don't have to tell me
I don't.
But it still doesn't change the fact that a huge conglomerate is closing down nationwide locations due to low profit margins from you know, a booming economy that isn't facing a likely crash and all.
click to expand
They also just restructured the employee benefits and it's insane. One thing they did was sunday extra $ 1 pay they cut completely. My roommate works for them and they had HUGE loses in 2015. They even had stores closing at midnight for several months in fall of 2015. now the stores closing.. it's a pretty bg indicator that stuff is messed up. I also agree that many are doing more online shopping but not that drastically.
Gas prices are finally dropping but there are other things going on.
Posted by abcdEU
There will be a market correction i 2016/2917, globally. We have market corrections every 4 to 7 years, regardless of the economic conditions.I'm not saying we are in good shape economically. The west has had very little growth. The east is in better shape though.
Yeah, that's the problem.
Last correction was 2008, and despite the press, the economy in the US really didn't truly recover IMHO, at least when compared to past corrections.
Labor force participation rate in the US is at levels comparable to the 1970s.
So despite glowing reports talking about the unemployment rate, the effect is essentially putting a coat of paint to hide the dry rot in the walls.
Don't want to start another political argument, but in the US a lot of the problem points towards the public sector, primarily at the Federal level.
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you don't have to tell me