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Re: Macy's the poster child
for what's wrong
Jester,
I often feel frustrated by the fact that I haven't really ever
found a way that the 'common man' would be aware of major economic
events such as the Fed's policy, and how that plays out in terms of
both consequences down the road, as well as how it distributes
wealth. I wish it were otherwise. But on the surface, unemployment
is down, inflation is non-existant, and gas is cheap. And if they
have a retirement portfolio, they probably just smile and feel
reassured by the monthly statements. So what is there to complain
about? (Unless you used to have a job with benefits at GM,
and now you're delivering packages 'freelance' for UPS.)
You and most others here have undoubtably had the experience of
talking to a friend about such things, and watching their eyes
glaze over with this 'you are boring me to death' stare, as if you
were speaking in Swahili, lol.
Macy's is getting crunched, but IIRC Kohl's is flying on good
sales numbers - do you want to 'focus' on the positive or the
negative? If you do both at the same time, the 'glaze' kicks in
early.
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