On Fri, 15 Aug 2003 08:13:48 -0400, DSK wrote:



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

Hi DSK,
I don't recall using the phrase f***ing morons, ever! Also, I did not write,
"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." Someone else wrote
that.

If everyone were shopping downwards, then WM's position would not change. The
'rich' would be shopping at WM (perhaps), but the 'poor' would be shopping at
someplace cheaper than WM (they are shopping downwards too), or perhaps they
wouldn't be shopping at all.

Please note, the following excerpt is from a Washington Post article. It does
not limit improvement to Wal-Mart.

"Retail Sales Surpassed Expectations in July
Increase Is Biggest Since March
By Dina ElBoghdady
Washington Post Staff Writer
Thursday, August 14, 2003; Page E03

Consumers spent more than expected in July, generating the biggest gain in
retail sales since March and adding to perceptions that a U.S. economic recovery
is underway. "

It seems as though you may be getting some of my statements mixed up with those
of others. I've never, to my knowledge, called anyone a moron in this or any
other group.

Regards,

John
On the 'Poco Loco' out of Deale, MD