Thread regarding Walmart layoffs

The economy is patchy, by sector (retail, services, other), by region (state to state and city to city) and by function. The stock market is doing great and jobs are available for college graduates in SOME sectors, but the problem is that the stock market and the 1% are not "the economy" for many households.

It's very possible to see a great economy where you are and doing what you do, and be blind to a terrible economy somewhere else.

Job creation rates are meaningless too, if the jobs that pay enough to buy a house, goods, and invest are limited by sector, region, and function and the rest are part-time w/o benefits.

So it's possible to have a good economy and a bad economy at the same time.

n = 1

@eru - Not sure who you are referring to as right wing or religious. I may be a loon and/or a nut, but the adjectives couldn't be further from the truth.

Man this week sure has brought out the right wing loons and religious nut jobs on this board.

A quick google search reveals Michael Ansley as some Buffalo Wild Wings franchise owner.. Let's not get carried away now.

RE ypp: Beginning to see recession? The recession started in 2008 with the housing bubble bursting, followed by the bank bubble partially bursting before being propped up. We're seeing the DELAYED effects of a decade of recession. The bill has come due, and it's going to hurt bad.

Ok, I’m not doubting that we are indeed beginning to see the first signs of a recession. No idea how bad it will get. I’ve been saying this for a year or so, but let’s be real, Bagger Dave’s s---s, so I’m not surprised they are closing.

There are two Americas now, one is in a recession (me included), the other one is partying like there is no tomorrow (that'd be executives, some professionals and large share holders).

So, you can argue this or that, go left or right as you try to analyze this - the fact is that this trend is accelerating and we are getting polarized more than ever.

I am 58 and will be retired soon, but I am really concerned for my 21 and 19 year old girls who will enter 'the real world' soon... They will witness social turmoil, unhappiness and instability - I just hope that the folks who run things and control the capital will figure this out soon and will make sure that the folks in the 'recession' group get at least some benefits that are gained from the economy growing...

I fear the future...

Eh, "casual dining" has been struggling since 08.

It never recovered from the recession. That's why Chili's and Ruby T's have all of those two-for-ones. It's all frozen or Sysco food. People are either cooking at home, getting fast food/food truck, or going to nicer places.

Off topic.

We're in a slow, long recession that has been in progress since the housing bubble popped. This is part of the natural cycle of fiat currency. That is why crypto currencies are getting so much hype, the few that were set up correctly are immune to some of the worst factors a fiat currency has to deal with. Combine that with the acceleration of automation and robot work forces and things are going to look very bleak until someone comes up with a sustainable solution.

Stop it. Some cities will experience a ‘recession’. Most Others are booming. Just stop.

Go live in Europe. Enjoy the wind energy with x3 electric bills than the US.

I care about WMT news, not this crap.

Forgot the link, here it is

http://www.crainsdetroit.com/article/20180124/news/650946/bagger-daves-closes-5-more-locations