OT--Wal-Mart Posts $2.44B in 2Q Earnings
JohnH wrote:
You left out this part: "One retail theory is that when the economy is lousy,
EVERYONE shops downward one level. So, even if you prefer Lands' End t-shirts,
you may settle for Fruit of the Loom, or whatever WM sells."
Economists are saying that the tax cuts are having a positive effect on consumer
spending. Wal-Mart is enjoying some of those fruits.
Umm, you seem to have skipped a step. Let's review:
1- Wal-Mart announces higher profits.
2- When the economy is lousy, people shop downwards
3- Whatever else it is, Wal-Mart is certainly not shopping upwards.
Therefor the only logical conclusion is that Wal-Marts announcement actually proves
that the economy is still hurting (which is obvious to anybody that doesn't have
blinders on).
JohnH, you occasionally post as though you had some sense, but here you have goofed
up a simple three step deduction. How does this reflect your earlier statement that
"liberals are f***ing morons?" Are you now a liberal??
DSK
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