East Coast Economic Update February 18, 2010.

Walmart losses 1.6% in retail business: http://www.bloomberg.com/apps/news?pid=20601087&sid=aIac56y1zXP0&pos=1

Sam's Club: losses 11,200 employees to save Walmart's ass: http://articles.latimes.com/2010/jan/25/business/la-fi-walmart25-2010jan25

Unemployment claims rise to 473,000: http://www.examiner.com/x-9026-Economy-Examiner~y2010m2d18-Volatility-in-week...

Karl at the Mall: http://market-ticker.denninger.net/archives/1972-WWW-Wally-World-Whiff-WMT.html

Category:

People & Blogs

Tags:

• Walmart losses
• Economy

[chena3]

greetings brother good to see you hope all is well.. last year 2009 bought a years worth of food supplies kinda went off the deep end ..glad i did better safe and well fed ..then sorrie and starving this year have cut back buying food stores... basically buying low budget .. figure others did ..are... doing the same.. just disgusted with the economy now .. want nothing to do with the lies and deceit .. so my wallet stays closed more often these days take care ... starve the beast

[aw3212]

but i do agree people are cutting way back on the junk they dont need - like all those cheap household goods they sell besides food.

90% of what walmart sells is either bad for you (all the processed food) or total Chineese made crap and yet they are the largest retailer - whats that say about us as a country?

[Dakarah777]

You're definitely on it!

[PontVedra]

Bob Chapman reports in Las Vegas the Ritz Carlton will close in May;he used the canon scenerio to describe the casinos there also which is just terrible for that industry.U R rite,MSM not reporting it

[PontVedra]

A Walmart in Jacksonville Fl on Atlantic Blvd is seeing a drastic slow.There is rd construction 4 about 1+ yr;KFC n 3 others restaurants have shut down.Walmart looks pitiful there tho-it's strange.

[weseyedwalk]

Oh yes we are, I live in California and I know a few Mexicans and one Argentinean who have called it day in the States and went back home to at least their house or family residence. I have heard of others. Also the words spreads and they will stop coming over here

[Travinyle1]

your dead on with your take on Wal Mart

[CaptainTripsz]

You know the jig is up when the Mexicans (and maybe Americans too) are trying to sneak back into Mexico. I dont think we are quite at that point yet. At least not as long as theres a lot of free welfare in this country. Once that gravy train stops theres gonna be all kinds of problems.

[POSSUMTOHIDE]

Thank you for the video! Stay Well!

[larnem]

The Gov has invented their own form of mathematics.

[BackBurnerNews]

Good idea about everyone filming their mall and posting a video.

[1776Reborn]

I went to Walmart yesterday to buy a magnesium stick for fires. I was surprised to see wide open isles where they usually put pallets of items on sale. I figured they were just not stocking as much. Also the magnesium stick was $6.88 and I didn't buy it figuring I could do better online. (which I did on Ebay)