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And, after they buy their groceries with their SNAP card, they wheel them out to their VERY nice, fairly new car and put them in the trunk. Why is that?
You have to be kidding me! No public company is laying off people? Do you live in a cave? Here's just one example. Catepillar just announced another 300 will be layed off in Decatur, IL, which adds to the previously announced 700 in other divisions. Not selling assets? Two well established big box retailers are cu...more
Without the Fed pumping in billions of dollars every month, the market would be down around 10,000. The problem with pumping money into the market is it devalues the dollar. Less than one-half of the companies reporting in the first quarter met their revenue expectations, yet, almost 70% met their profit expectations...more
The guy's FIRST paycheck in 2011 was over $53 million!!!! And you think he is down?? If he is down, he has much bigger problems than just being out of work.
It's amazing to me that with the hundreds of senior managers at Penny's that the Board couldn't promote from within where the person has years of experience in the corporate culture. It's almost always bad to go outside the company and it lowers morale. Look at what happened to Wickes some years ago when they went ou...more
Stop the Fed from pumping $85 Billion per month of funny money into the market and see where it really would and should be. Smoke and mirrors, my friend.