Wal-Mart is another one of the monsters we've created by swallowing the hog-slop known as Reaganomics. We're now trapped in almost exactly the kind of downward spiral the Progressives and The New Dealers tried to fix in the first 35 years of the 20th century by building in some safeguards and firestops - and we've been supporting all kinds of bogus ideas in the last 30 years that strip away those safety features.
I'll say it again - I'm a capitalist because God's a capitalist: I have to take in enough calories to build up a surplus so I have the energy to do the work required to get my next meal. And I'm in favor of regulation because God's in favor of regulation: without a pancreas, I can't regulate my blood sugar, and I die. Without a hypothalamus, I can't regulate my body temperature, and I die. Without the lower part my brain stem, I can't regulate my heart rate, and I fucking die.
But, let's get back to Wal-Mart via Business Insider:
Wal-Mart is facing a scary reality: the ailing finances of its core customers, Brian Sozzi, chief equities analyst at NBG Productions, told us.
"Wal-Mart shoppers are the barometer of the U.S. consumer, and these emails reflect common sense about customers," Sozzi told us. "The consumer isn't mentally or physically ready to spend on discretionary inventory and there's no reason to be optimistic."
hat tip = Democratic Underground
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