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May 2, 2012
Execs: Sears strong financially
"We’re not just sitting here thinking that things will magically get better." - Eddie Lampert
See Also:
Our Pillars of Retail Strength
Real Estate Newsletter Articles this Week: Existing-Home Sales Increased to
4.15 million SAAR in November
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At the Calculated Risk Real Estate Newsletter this week:
[image: Existing Home Sales]*Click on graph for larger image.*
• NAR: Existing-Home Sales Increase...
16 hours ago
9 comments:
The "softer" side of Sears? Hahaha! Softer indeed!
Ordinarily, I'd jump in and poke fun at the "Genius" Eddie Lampert and the great job he's done at Sears. But at this point, it's not even sporting. As some would say, it's "not my style"!
Anyway, if I didn't know better, I'd be thinking that geniuses like Lampert aren't any better at flipping coins than the rest of us. Good thing I know better.
mab,
As some would say, it's "not my style"!
Inside jokes are best served cold, lol. ;)
Mark,
If we could just reign in the all the Gov't spending. It's crushing the eCONomy! That's what Mitt Romney said on the Sean Hannity show a few weeks ago. No joke.
I should also mention that Romney went on to claim that, as an asset stripper (aka business man), he understood the eCONomy better than Obama.
Oh yeah, I'd like to see how Sears would do if the Gov't suddenly ended the deficit spending.
mab,
If we lay off half of the 22 million government workers, then just think how low the unemployment rate will go!
For those just tuning in...
Sarcasm + Gallows Humor
If we lay off half of the 22 million government workers, then just think how low the unemployment rate will go!
Mark,
Drastic times require drastic measures. Maybe we should lay off all 22 million just to be "safe".
Heck, I'm pretty much open to anything that will bring back the financial idiocy. I'm even willing to tax the poor more so we can pay off our national debt.
Let's stop spending money on food stamps too. If the working and non-working poor need money for food, they can go fog a mirror and take out a mortgage. It worked before, it can work again! It's all about free-for-all markets.
One thing that gets me is that gov't is spending $3B/yr now:
http://research.stlouisfed.org/fred2/graph/?g=6Y3
this isn't counting SSA, since SSA is just spending from their impounds and not the general fund.
http://research.stlouisfed.org/fred2/graph/?g=6Y5
is this graph normalized per CNP16OV -- $12,000 per adult-ish capita, double from 1990.
% of private wages:
http://research.stlouisfed.org/fred2/graph/?g=6Y6
(that government workers pay government taxes is kinda dumb when you think about it, LOL)
The taxes on government workers probably all needs to be redirected to save their pension funds anyway so this indicates we need a 50% tax rate, pretty much the burden the Nordic countries pay.
I really don't understand this country. A nation of children I guess.
mab,
Drastic times require drastic measures.
I hear that.
Let's lay off 44 million government workers.!
How? We'll simply borrow the layoffs from the future, just like we do money!
Troy,
$12,000 per adult-ish capita, double from 1990.
Here it is adjusted for inflation.
Your overall point is still valid though.
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