Thursday, April 28, 2011

Wal-Mart: Our shoppers are running out of money

Like everyone else I keep hoping to see real signs of an economic recovery.  However, when looking at what is actually unfolding before our eyes there are many anecdotal accounts suggesting that we may not be in just a recession but a full-blown depression (a Gallup poll I saw today suggested that 29% of Americans believe we're in a depression).  Wal-mart has a lot of customers and if they're seeing people feeling the pinch you can bet there is a trend going on.  With higher than expected unemployment this week (isn't it always), the dollar losing value almost daily, and silver and gold surging through the roof it's no wonder people are concerned.  Which is why you're reading this blog or listening to my podcast in the first place, right? ;)

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