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Wal-Mart CEO says "Serious Inflation" on its way.
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<p>[QUOTE="Bluesboy65, post: 1144142, member: 23329"]I really do not follow your logic. I am not an apologist for Walmart but they exist on razor thin margins. Thankfully our economy is improving and unemployment has dipped just under 9% (20% or so all in). Our jobless recovery has not resulted in significantly more jobs but corporate balance sheets do look a lot better. Coroporations are sitting on a lot of money but are not hiring because they are scared off by the 2008 nightmare and are not confident the market will continue to respond once QE2 cones to an end in June. Year over year inflation is rising much faster than the Fed's target, this is not a Walmart phenomenon. I agree that Walmart does not carry the best quality merchandise but they have purchsing power that few others possess. Walmart will be one of the last ones standing as the disposable income of consumers continues to shrink.</p><p><br /></p><p>Bluesboy65[/QUOTE]</p><p><br /></p>
[QUOTE="Bluesboy65, post: 1144142, member: 23329"]I really do not follow your logic. I am not an apologist for Walmart but they exist on razor thin margins. Thankfully our economy is improving and unemployment has dipped just under 9% (20% or so all in). Our jobless recovery has not resulted in significantly more jobs but corporate balance sheets do look a lot better. Coroporations are sitting on a lot of money but are not hiring because they are scared off by the 2008 nightmare and are not confident the market will continue to respond once QE2 cones to an end in June. Year over year inflation is rising much faster than the Fed's target, this is not a Walmart phenomenon. I agree that Walmart does not carry the best quality merchandise but they have purchsing power that few others possess. Walmart will be one of the last ones standing as the disposable income of consumers continues to shrink. Bluesboy65[/QUOTE]
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