The economy just keeps climbing:
Macy’s says it plans to close about 100 stores next year as the department store operator aims to become more nimble in a competitive market. That represents close to 14 percent of its store base…
The nation’s largest department store chain says that it earned $11 million, or 3¢ per share, in the quarter ended July 30. That compares with $217 million, or 64¢ per share, in the year-ago period.
That is your Misery Index right there. People who are buying are now all buying at Walmart and the Dollar General. The last step is they stop buying altogether. Say hello to President Trump.
It is also a sign that the tipping point is coming. They will not collapse things before the election, because that might create a mood for change, and that would help Herr Hildabeast. The establishment has been raping the country for too long, and there is just too much criminality that has transpired, to risk helping Trump win.
But once Trump wins, the question becomes if the powers that be will trigger a collapse immediately, just to teach people a lesson, or will they wait until right before his second term, to try and hobble him going into the reelection battle. If the latter, they risk that he actually reignites the economy, creates another enthusiasm bubble, and does so to a degree that their collapse will not work.
Either way, it is not impossible, if there is enough criminality in DC, the elites could try to kill him. These are high stakes and trillions of dollars, not to mention the lives and freedom of the elites. I hope he has a food taster.
Talk about historic times.
[…] Macy’s Closes 14% Of Its Stores […]
Macy’s has been a downscale store for some, and there’s little reason to shop there. I should not be surprised if the whole goes bankrupt.
Their customers are buying on the internet. Traditional brick and mortar stores have more overhead.
Really? Do you think so?