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Re: More positive news... 

By: oldCADuser in FFFT | Recommend this post (2)
Tue, 27 Dec 11 10:56 PM | 42 view(s)
Boardmark this board | Food For Further Thought
Msg. 37567 of 65535
(This msg. is a reply to 37560 by Decomposed)

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"It seems that those awesome Black Friday deals that have consumers so enthralled have killed the bottom line for one of America's biggest retailers. A few months from now, I wouldn't be at all surprised to see Sears and K-mart back in Chapter Eleven... and completely gone in two years."

Isn't this all part of the 'free market' and 'capitalism' that you guys are always promoting?




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The above is a reply to the following message:
Re: More positive news...
By: Decomposed
in FFFT
Tue, 27 Dec 11 10:39 PM
Msg. 37560 of 65535

re: "Consumer confidence has jumped nearly 25 points in the past three months"

That's pretty funny - popping up as it has on a day when Sears Holding Corporation (SHLD) - which includes both Sears and K-mart - is currently DOWN 25 percentage points based on its disastrous November results.

It seems that those awesome Black Friday deals that have consumers so enthralled have killed the bottom line for one of America's biggest retailers. A few months from now, I wouldn't be at all surprised to see Sears and K-mart back in Chapter Eleven... and completely gone in two years.

Chalk up another for the consumers. As with the Dot-Com Bubble, the Housing Bubble, the Solar Power bubble, the bio-fuel bubble and their selection of Barrack Obummer as President, they've gotten it wrong yet AGAIN.


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