The Consumer Feels the Fear of the Cliff
Was today the day when it dawned on people that without a deal, the consumer could be in real trouble? Was today the day when it hit the market that the regular guy is concerned?
I have to tell you that the comments from Wal-Mart (WMT), on top of the comments from Dollar General (DG) yesterday about gross margins, tell me that the everyday person is now starting to figure out he has to be worried, even if he is not sure exactly what it is that he is supposed to be worried about. He knows we have a big budget deficit. He knows, like he knew when the debt-ceiling crisis occurred, that something bad is going to happen, and he knows that it might be something bad happening to him....253 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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