WalMart is beginning to collapse. A sure sign of recession.

WalMart is beginning to collapse. A sure sign of recession.

PostBy: lsayre On: Fri May 23, 2014 9:38 pm

The GDP officially grew only +0.1% in the last quarter. That's the lowest possible positive figure the government could conjure up and push into our faces in lite of what WalMart is going through. WallMart is beginning to turn the tide to the downside, and its endless years of successful growth appear to have clearly come to an end. Same store sales are declining noticeably, and with somewhere between 65% and 70% of our nations GDP tied directly to consumer spending, a failing WalMart indicates that the consumer is tapped out and is not spending. Two straight quarters of negative GDP define an official recession. With the requisite statistical error bars being as wide as they are for GDP reporting, the +0.1% figure could just as well be -0.1% (or worse). If the consumer was spending they would be doing it at WalMart, and they are not.

Target's sales are down 16% this year, but the government can make the case that their base fled after the credit card identity theft episode. But WalMart isn't doing well either and the government is silent about that.

http://www.fool.com/investing/general/2 ... -eyes.aspx
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
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Re: WalMart is beginning to collapse. A sure sign of recession.

PostBy: wsherrick On: Fri May 23, 2014 9:47 pm

So, the house of cards consisting of amassed debt to buy junk that we really don't need has been crumbling for a while. Now, it is becoming obvious to anyone who still works for a living. I make plenty of money and still the cost of everything keeps eating up my income in ever larger bites. I have little discretionary income to throw around and the trap of instant gratification via credit cards is something I don't do. After they have confiscated well over a third of my income in taxes, there isn't much left to spread around.
wsherrick
 
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Re: WalMart is beginning to collapse. A sure sign of recession.

PostBy: KLook On: Fri May 23, 2014 9:59 pm

Ditto, wsherrick, except we have curtailed our income by over 50%. Being conservative, you can bet the credit cards are collecting dust. And there are many people just like us in these jobs I am being offered. They paid $20 to $28 and hour just a few years ago and now they are offering $11 to $14 if you are lucky. Something has to give.

Kevin
KLook
 
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Re: WalMart is beginning to collapse. A sure sign of recession.

PostBy: jpete On: Fri May 23, 2014 10:26 pm

KLook wrote:Ditto, wsherrick, except we have curtailed our income by over 50%. Being conservative, you can bet the credit cards are collecting dust. And there are many people just like us in these jobs I am being offered. They paid $20 to $28 and hour just a few years ago and now they are offering $11 to $14 if you are lucky. Something has to give.

Kevin


Exactly. I got laid off at $26/hr and was getting offered$16-$18 in all but a couple places and the ones paying are places where I don't want to work.

Now the school I went to and learned HVAC because my machining job went to Mexico is starting a government sponsored MACHINING program! They have a bunch of job postings on the wall and they are mostly in the $16-$18 range. One as much as $20.

The kicker is that it's being done in conjunction with Electric Boat. So basically, General Dynamics just outsourced it's training program.
jpete
 
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Re: WalMart is beginning to collapse. A sure sign of recession.

PostBy: Richard S. On: Fri May 23, 2014 10:32 pm

May be combination of things, my understanding is they have service issues. Rising turnover of employees, empty shelves with stock sitting and long lines. You can only cut so much.
Richard S.
 
Stoker Coal Boiler: Van Wert VA1200
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Re: WalMart is beginning to collapse. A sure sign of recession.

PostBy: Lightning On: Fri May 23, 2014 10:47 pm

Being a bread guy that services a Super Center Walmart, I deal with the employees directly. They seem over worked, under paid and miserable most of the time. And most of the management doesn't have a clue what they are doing. They walk around with clipboards cracking whips at the stockers. As with most big business, its about the numbers - not service at a personal level that you see with smaller businesses.
Lightning
 
Hand Fed Coal Furnace: Clayton 1537G
Coal Size/Type: Nut/Stove Size Mix

Re: WalMart is beginning to collapse. A sure sign of recession.

PostBy: DieselBob On: Fri May 23, 2014 10:50 pm

Really pretty simple. I have far less disposable income because of ever increasing fees and taxes and increasing prices with no pay increases in several years. Yes I am thankful to be employed but it's simple math that we have less and less income to spend at any business.
DieselBob
 

Re: WalMart is beginning to collapse. A sure sign of recession.

PostBy: SMITTY On: Fri May 23, 2014 10:59 pm

What is Massachusetts doing about the recession? They're raising auto registration $10 & inspections $15. And NO, not one of We The People got to vote on it . :mad:

I've been selling things on eBay and Craigslist since '04, and I can say without question that this year has been the WORST of all those years I've been selling. I can't move a damn thing, unless I price it so that I lose my ass. :x
SMITTY
 
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Re: WalMart is beginning to collapse. A sure sign of recession.

PostBy: Lightning On: Fri May 23, 2014 11:01 pm

DieselBob wrote:Really pretty simple. I have far less disposable income because of ever increasing fees and taxes and increasing prices with no pay increases in several years. Yes I am thankful to be employed but it's simple math that we have less and less income to spend at any business.
Exactly.. a $100 today won't buy as much as $100 did 5 years ago.
Lightning
 
Hand Fed Coal Furnace: Clayton 1537G
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Re: WalMart is beginning to collapse. A sure sign of recession.

PostBy: SMITTY On: Fri May 23, 2014 11:04 pm

That'll barely fill the tank of a pickup truck these days ... :mad:
SMITTY
 
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Re: WalMart is beginning to collapse. A sure sign of recession.

PostBy: DieselBob On: Fri May 23, 2014 11:19 pm

SMITTY wrote:That'll barely fill the tank of a pickup truck these days ... :mad:

At current diesel prices in my area it now takes about $125 ~ $130 for a fill up. :cry:
DieselBob
 

Re: WalMart is beginning to collapse. A sure sign of recession.

PostBy: lsayre On: Sat May 24, 2014 6:27 am

With the economy still in shambles could you imagine a better economical environment in which to impose policies such as (for example):

1) Shut down the coal fired power plants. ("Under my plan energy costs must necessarily skyrocket")
2) Obamacare

And the answer to all of this economic malaise from the current administration is to encourage that the minimum wage be raised into the $10.50 per hour (or higher) range.
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Anthracite Pea
Other Heating: Resistance Boiler (It has been fixed!)

Re: WalMart is beginning to collapse. A sure sign of recession.

PostBy: samhill On: Sat May 24, 2014 7:27 am

From what I've seen from our not so local WalMart (which we seldom go to) Lightning is right, they cut back on workers even more & there were many bare spots everywhere. After talkin to a few people that work there they seem to have changed their management system, many walking around with clipboards & tablets & fewer workers. They have successfully driven most competition out of business so now they can raise prices & people are finding out that the few other stores left are now competitive so they are shopping else where. Seems like a vicious cycle most of the K=Marts are gone or going around here.
samhill
 
Hot Air Coal Stoker Furnace: keystoker 160
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Re: WalMart is beginning to collapse. A sure sign of recession.

PostBy: franco b On: Sat May 24, 2014 10:20 am

samhill wrote: They have successfully driven most competition out of business so now they can raise prices & people are finding out that the few other stores left are now competitive so they are shopping else where. Seems like a vicious cycle most of the K=Marts are gone or going around here.

They certainly should be ashamed of themselves for operating more efficiently. Even their prescription drug prices are lower than the phony government drug plan. The local store is well stocked and doing just fine.

It's just not the new Obama way of doing business. They are so behind the times.
franco b
 
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Re: WalMart is beginning to collapse. A sure sign of recession.

PostBy: lsayre On: Sat May 24, 2014 11:35 am

Is WalMart too big to fail? Perhaps in a few years we will find out.

First we got so poor that we couldn't afford made in USA goods, so the company which once promised to sell American made products got rid of them and transitioned to made everywhere but America. Now we are so tapped out that we can't even afford to buy the foreign made products that WalMart offers...
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Anthracite Pea
Other Heating: Resistance Boiler (It has been fixed!)