They Are Guessing
Walmart shuts 269 stores worldwide:
On Friday, Walmart announced it will close 269 stores globally as it struggles to compete with online retailers like Amazon.
The news came as US retail figures showed lower than expected holiday sales figures across the market.
Sales rose just 3% in November and December, falling short of the expected 3.7% growth according to the National Retail Federation.
The Walmart closures will affect 10,000 US workers and 16,000 worldwide.
All of the casinos (stocks, bonds, commodities) are dropping like bricks, and the ‘economics pundits’ continue to claim that they have reached bottom and will be climbing shortly.
Chinese banks have a load of uncollectable debt caused by over-building real estate, which has stopped, causing greatly diminished demand for commodities.
The big problem is how the talking heads are going to convince people that they might know what’s going on…
January 15, 2016 6 Comments
Post-Tropical Cyclone Alex – Day 2
Position: 43.0N 27.8W [ 4PM CST 2100 UTC].
Movement: North [350°] near 40 mph [65 kph].
Maximum sustained winds: 70 mph [110 kph].
Wind Gusts: 85 mph [135 kph].
Tropical Storm Wind Radius: 485 miles [780 km].
Minimum central pressure: 986 mb.
Currently about 290 miles [ 470 km] North of Terceira in the Azores.
Alex has transitioned to a post-tropical cyclone and this is the NHC’s final advisory.
Here’s the link for NOAA’s latest satellite images.
[For the latest information click on the storm symbol, or go to the CATEGORIES drop-down box below the CALENDAR and select “Hurricanes” for all of the posts related to storms on this site.]
January 15, 2016 Comments Off on Post-Tropical Cyclone Alex – Day 2
