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Walmart Stock Craters On Profit Warning – The Fatal Blindness of Greed
jessescrossroadscafe.blogspot.com / 14 OCTOBER 2015
“America’s great now — it’s never been greater.
Our kids are going to live so much better than we do now.”
Warren Buffett
“Among 21 countries in the study the U.S. ranks second-to-last in the percentage of its GDP spent on benefits for families, despite one of the highest relative child poverty rates of the comparable high-income countries. [only Turkey was worse because it failed to provide any data]”
Child Trends, World Family Map 2015
Walmart warned on its profit outlook for 2016 and the stock dropped about 8 percent.
As the pampered princes of financial television put it:
“To say that Wall Street was surprised by what Walmart had to say is an understatement.’
The spin is that Walmart is ‘brick and mortar’ and that it is losing ground to Amazon.
And amongst the worst, Walmart ought not to have given its employees, who are among the working poor, a raise in wages.
The post Walmart Stock Craters On Profit Warning – The Fatal Blindness of Greed appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/10/14/walmart-stock-craters-on-profit-warning-the-fatal-blindness-of-greed/
