All of the evidence is flashing recession. The consumers are running out of money, the inventories are piling up unsold on the shelves, retail sales are plunging, retailers stocks are crashing. The recession is beginning if it hash`t already begun.
Nov 16, 2015
Stocks: Major Retailers Are Selling Off
All these stocks are going down, even the high end. Look at Tiffany (TIF), it is trading at a 52 week low. All the major retailers are hitting multi year lows.
Related stocks: Macys (M), Wal-Mart (WMT), Nordstrom (JWN)
Related stocks: Macys (M), Wal-Mart (WMT), Nordstrom (JWN)
Nov 13, 2015
Retailers: Weak, Weak Sales Across The Board!
Think about this. We are getting Wal-Mart (WMT) which is the mass retailer where everyone is shopping on a budget. They had horrible numbers.
Then you have probably the largest department store, Macy`s (M), which is, you know, not high end but higher end, kind of mid-market, nicer stuff, more expensive stuff than Wal-Mart (WMT). They had horrible numbers.
And then you have Neiman Marcus which is the high end, probably the biggest high end retailer in the country, they had horrible numbers too!
Its across the board weak, weak sales!
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Then you have probably the largest department store, Macy`s (M), which is, you know, not high end but higher end, kind of mid-market, nicer stuff, more expensive stuff than Wal-Mart (WMT). They had horrible numbers.
And then you have Neiman Marcus which is the high end, probably the biggest high end retailer in the country, they had horrible numbers too!
Its across the board weak, weak sales!
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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