Ponzi World (Over 3 Billion NOT Served)

The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.

Wednesday, May 11, 2016

No One Can Compete With Globalization

The only retailer still "growing" has negligible profits. The rest of the sector is getting annihilated...

Following yesterday's Gap 'n Crap, this just in:

"Macy's reported first-quarter sales fell 7.4% year over year to $5.77 billion, missing forecasts for $5.94 billion. Same-store sales declined for the fifth straight quarter, falling 5.6% "

"Watchmaker Fossil, a key supplier to Macy's and other department stores, also had a dreary first quarter. Fossil's shares cratered 33% in pre-market trading Wednesday as its revenue fell 9% year over year"

Macy's

Fossil

Kohl's

Sears

The least profitable retailer