Wednesday, October 14, 2015

The Hunger Games Economy aka. "Going Out of Business Sale"

"On a long enough timeline everyone gets laid off to make the quarter"


CNBC October 14, 2015



"The sell-off in Wal-Mart stock on Wednesday following an announcement that the company expects full-year revenue to be flat and profits to fall in fiscal year 2017 represents a "massive tipping point for e-commerce,"

"If you want somebody really to blame, you can blame Amazon, because Amazon is forcing the likes of Wal-Mart and Target to catch up, particularly with their e-commerce spend online"

"We can't afford profit"


"We can't afford wages"


"No profit. No problem. We'll make it up on volume"