This post was contributed by a community member. The views expressed here are the author's own.

Health & Fitness

Walmart Earnings Distress Exposes a Weakening, Not Growing Economy

Jack Kneafsey, Neighbor

Posted Fri, Aug 16, 2013 at 8:11 am ET

The latest earnings report from Walmart yesterday showed that their reported sales fell significantly below the expectations.

As Jeff Macke, writing for Yahoo, commented “Those are the numbers, but not the whole story. Walmart is the thermometer of the American economy. Disregard the government data. Jobs and GDP and all the rest are at best inaccurate measures of the economy and at worst flat out corrupt. … When Walmart misses estimates, it can only mean one of two things: either Walmart or the American economy is weaker than anyone thought.”

Read more>>

Find out what's happening in Hunt Valley-Cockeysvillefor free with the latest updates from Patch.

Subscribe

Share

Join the conversation

The views expressed in this post are the author's own. Want to post on Patch? Register for a user account.