Saturday, January 16, 2016

Great News: Trillions Lost, WalMart Closings

I was busy so I missed the headlines, but what wonderful news.    I get such a warm and fuzzy feeling when I read about such "losses"...
The stock market rout is starting to get really expensive — destroying $2.3 trillion from the market's top last year and $1.5 trillion in net wealth just this year.
The USAToday headlines blares the market "robbed investors of 2.3 trilllion dollars.

1.  Who robbed whom?

2. How can what never existed in the first place, $2.3 trillion, merely notional valuation, ever get stolen? Can idle whimsy be robbed from some source?  Just because workers pretended to work and employers pretended to pay, and everyone pretended the yield was invested in the stock market, does not mean anything actually occurred, except for culpable delusion on the part of the players?

3. The artcile uses the $, which stands for money, but at no point did money ever enter into any discussion, no matter how often it is used.

The economic renaissance can begin, if the hegemon fails to engineer the next bailout right, and there is a good chance it cannot.
The giant companies that predominantly populate the Standard & Poor's 500 have fallen an average of 8.9% this year — which, when translated into dollars, is real money. Real big money. The S&P 500 is down 8% this year already — including another 2.2% Friday — in what's been the worst start to a year ever. Since the market peak on May 21, 2015, the market has declined 11.7%.
Yay!  This is what we need to happen.  And WalMart is on the ropes...
Wal-Mart Express marked the retailer's first entry into the convenience store arena. The stores, which sold essentials like toothpaste, were meant to be a solution to the threat of the fast-growing dollar stores. Wal-Mart Express intended to be a two-pronged strategy: stores in small towns that aren't big enough to support a full-size Wal-Mart and stores in big cities where building a supercenter was impractical. But the concept never caught on as the stores served the same purpose as Wal-Mart's larger Neighborhood Markets: fill-in trips and prescription pickups.
Things are looking up.  Their economy is teetering.

Feel free to forward this by email to three of your friends.


Anonymous said...

Good site.