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Walmart, JC Penny Down, growth @ 0.1%, New Cars out of Reach and Salries too low


               
2013 Feb 28, 2:48am   5,874 views  14 comments

by Mick Russom   follow (0)  

New Cars out of Reach for More Americans

http://finance.yahoo.com/news/cars-increasingly-reach-many-americans-145957880.html

Looking to buy a new car, truck or crossover? You may find it more difficult to stretch the household budget than you expected, according to a new study that finds median-income families in only one major U.S. city actually can afford the typical new vehicle.

US Economy grew 0.1% in Q4

http://www.marketwatch.com/story/us-economy-grew-01-in-fourth-quarter-2013-02-28

J.C. Penney Lowest Sales in Decades

http://www.bloomberg.com/news/2013-02-27/j-c-penney-posts-wider-fourth-quarter-net-loss.html

J.C. Penney Co. (JCP) slid the most in more than three decades after the department-store chain lost $4.3 billion in sales in the first year of Chief Executive Officer Ron Johnson’s turnaround plan.

Wal-Mart Struggles to Restock Store Shelves

http://www.bloomberg.com/news/2013-02-27/wal-mart-s-slowness-stock-shelves-worsens-as-sales-stay-s.html

Wal-Mart's inability to keep its shelves stocked coincides with slowing sales growth. Same-store sales in the U.S. for the 13 weeks ending April 26 will be little changed, Simon said in the company’s Feb. 21 earnings call.

The 14 Potential Causes of the Income Slump

http://economix.blogs.nytimes.com/2012/08/20/the-14-potential-causes-of-the-income-slump/

Why has median household income just endured its worst 12-year stretch since the Great Depression.

Seems that things aren't as Rosy as market suggests.

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1   Tenpoundbass   @   2013 Feb 28, 3:33am  

Last night on ABC nightly news, they ran a peice on how Automobile accidents are up over 15% in the last few years. Now of course we ALL know it's because the smart phones are cheaper than a menu item at McDonalds and every one now has one. Also the car consoles all have a single touch screen, that requires your undivided attention as you scroll through menu items. Where as before the people subconsciously got to know the nomenclature of where the dials, buttons and levers were on their car, and could adjust temps, radio, fan speed, and other things with out even taking their eyes off the road.

But that was not where ABC was taking this fluff advertorial.

They claimed that collisions and deaths are up, because cars are outdated, and old. And thanks to the rebounding economy and cheap gas more people are on the road(I swear to GOD this is what they said.).
The solution a new Volvo that has all of the new safety features, like rear cameras, wake up seats for drowsy drivers, and hands free controls, for radio, air con ect...

Hey everyone buy a $60,000 car, it will solve all of the road safety problems, but keep facebooking on the "I" while going 60mph.

2   Mick Russom   @   2013 Feb 28, 3:44am  

KarlRoveIsScum says

boo fucking hoo

are Walmart and JCP too big too fail?

Walmart can go frak themselves. They are "THE" worst retailer out there.

A lot of poor people buy food there and life staples. Also, because they are so big, they have pushed out local stores which couldn't compete on price. So when Walmart starts to fail and have trouble, poor people need to either drive far with $4-$5 gas to get to another outlet, or deal with Walmart rising prices.

The US government has granted walmart exemptions from various costly laws making it even harder for mom and pop to compete.

What has happened is the collusion between government and big business has set the path we are on, and poor and middle class will have huge issues to deal with.

I think cheering on the death of walmart might have some fairly radical impact to the quality of life of the poorer classes, and deliverable and unwinding oligarchical collectivist empires will have consequences. Its not black and white. You cant "hate" walmart when they are a supply chain, a general store, for the disaffected.

3   Mick Russom   @   2013 Feb 28, 3:47am  

CaptainShuddup says

The solution a new Volvo that has all of the new safety features

If I buy a car, it drives until it dies. The consumption models in this country are out of whack. I find new car prices to be radically expensive and most would think Im well compensated.

Waiting for a 7 seat prius or a diesel based sienna. (The Prius V in EU and JP are 7 seat capable with a different battery pack )

But yes, the propaganda press of the oligarchical collectivist police state is telling the lemmings to consume. Recklessly.

4   Tenpoundbass   @   2013 Feb 28, 4:13am  

My Mazda CX-9 is a death trap. It's a nice looking car and drives smoother than a Cadillac but the side frame of the front windshield is about 5 inches thick and the angle that it cuts across the field of view. The frame overlays the intersecting road perfectly. It obfuscates about 50 feet of some intersections. On numerous occasions passengers in the car stopped me from getting T-Boned as I started through an intersection and a car was right there just 10 to 20 feet away. You really have to turtle neck and look around before you cross streets.

I doubt safety is even considered in design features anymore. Hey as long it's got airbags and on star we're good!

5   Tenpoundbass   @   2013 Feb 28, 5:09am  

KarlRoveIsScum says

Walmart better get LOCAL! or VANISH!

That's the dumbest thing I've ever heard. They got so big by beating the local guys remember?

6   Bubbabeefcake   @   2013 Feb 28, 5:54am  

So funny the bad sales are affecting their supply chain to where you see empty shelves. That just implies their shoppers just buy basics and not luxuries. This paints a recession...I mean they have the best inventory turn over and logistics chain than any company and yet their sales are hurting them badly..

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