Another tidbit!
Two things caught my eye this morning in the news.
One was China's unemployment is now rising faster then their growth. This is because of the global monetary problems. I find this interesting! If your already at the bottom of the wage scale, how much of a impact can it possibly be. Does this mean the poor Chinese farmer is now higher up the income ladder and will again be the better job.
The second thing is Wal-Mart has seen a major shift in credit-card usage within their stores. They have seen credit card sales decrease by double-digits. No mention was made of declining sales, but in reading other articles/papers, that is a given.
The reason I bring this up is I like it. This means the Big-Box store can no longer match sales to demographics. They can only watch the shift of items being purchased move away from cheap Chinese toys to food staples.
This is kinda sick but I like this. Less information means less manipulation by big brother.
The sad part is they have noticed baby formula purchases move to the first of the month more and more. Hidden meaning --This means low income monthly checks are hitting the home and being used to purchase badly needed food-stuff before anything else. Ya have to wonder if the formula makes it the whole month.
One was China's unemployment is now rising faster then their growth. This is because of the global monetary problems. I find this interesting! If your already at the bottom of the wage scale, how much of a impact can it possibly be. Does this mean the poor Chinese farmer is now higher up the income ladder and will again be the better job.
The second thing is Wal-Mart has seen a major shift in credit-card usage within their stores. They have seen credit card sales decrease by double-digits. No mention was made of declining sales, but in reading other articles/papers, that is a given.
The reason I bring this up is I like it. This means the Big-Box store can no longer match sales to demographics. They can only watch the shift of items being purchased move away from cheap Chinese toys to food staples.
This is kinda sick but I like this. Less information means less manipulation by big brother.
The sad part is they have noticed baby formula purchases move to the first of the month more and more. Hidden meaning --This means low income monthly checks are hitting the home and being used to purchase badly needed food-stuff before anything else. Ya have to wonder if the formula makes it the whole month.
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