The apparent disconnect between store closings, the stock market, and the economy

#52
#52
Rasputin_Vol said:
The USD is too strong right now, but once everything resets and the USD explodes, then you will see a rejuvenation in US manufacturing and industrialization. Unfortunately, that will also mean that we will be the low cost wage provider for widgets. But, you will see an boost in low wage industrial/manufacturing jobs as we become the new China/Mexico, and the weekend trips to Walmart and Target will seem like trips to Rodeo Drive for the average American because we will not be able to exchange our worthless currency for real finished products at a low, low cost anymore.

That is the sad, honest truth.
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How do you expect anyone to take you seriously when you say things like Amazon doesn't create anything and there for should be ignored? Not in this post obviously but In past posts
 
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#53
#53
lawgator1 said:
No, no, you misunderstand. Or I'm not being clear.

The shift in the economy is the inevitable consequence of inevitable advances in technology. That is neither inherently good or bad. It just is.

How we view the consequences of that to our economy, still based on consumerism, and how we gauge the economy, does raise qualitative issues.
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Thats why the hordes of low and underskilled people will always struggle and mostly be poor, no matter how much money the government wants to throw at them.
 
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#59
#59
1972 Grad said:
I try to get local flavor when I'm out to eat. I stopped at a little place in Erwin, Tn the other day called Hawgs and Dawgs. It was good.
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In Denver, I went to Steubens. The best mac n cheese ever made. Denver Biscuit Co was good and eclectic.
 
#60
#60
Rasputin_Vol said:
Malls are already dead.
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Opry Mills is busy at 10 am on a Tuesday. They are a nightmare every other day and time of the week.

Cool Springs is always busy.

Rivergate sucks and is dying and of course Hickory Hollow and Bellevue died a while back. I think we will see more and more "outdoor" malls like Providence and Nashville West
 
#61
#61
GoBigOrangeUT said:
Opry Mills is busy at 10 am on a Tuesday. They are a nightmare every other day and time of the week.

Cool Springs is always busy.

Rivergate sucks and is dying and of course Hickory Hollow and Bellevue died a while back. I think we will see more and more "outdoor" malls like Providence and Nashville West
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Malls die when the dregs of society start infiltrating them and trashing up the place.... Hickory Hollow is s prime example.
 
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#62
#62
Rasputin_Vol said:
Our economy hasn't been moved by real economic forces since I have been born. That would be called true capitalism. What we have been living through is overt market manipulation by the govt and the Federal Reserve.

There were brand new jobs in the new economy that were able to replace those buggy whip jobs. What do we have right now to replace the previous generation of careers in the US?

That may eventually come by no choice on our own. Oh wait... that is doom and gloom talk...


If by investor class you mean those of us with our pensions and retirement tied up in the stock market, then I would say that most of us are screwed. We have bought on the way up in a hyperinflated market and eventually, the markets will come back to a true value and wipe out most of our retirement/savings accts.

Savings in this day and era are a joke. The rate you are getting paid on savings accts is far less than inflation. And if Yellen and the FED decide to go negative, you will be paying the banks to keep your money through negative interest rates. The old paradigm is coming to a close.
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One of the surest signs is what happened with the market when oil prices dropped. Oil builds stuff, transports it, heats, produces electricity, is a raw material for products such as plastics, and on and on. It's so vital that it touches almost every aspect of the economy. If oil prices drop, then the cost of goods and services drops - almost like eliminating a very punitive tax; therefore, the market should skyrocket reflecting the increased profitability caused by a decrease in production costs. That didn't happen.

You can postulate only a few things - like the industrial strength investors used a blip in the market for profit - selling at a break point and reaping profits that they would reinvest at lower stock prices. The other would be that the drop in oil prices reflects overproduction and subsequent job losses would hurt the economy (speculative); the problem is that oil production while important cannot have that large an impact.
 
#64
#64
Carl Pickens said:
Malls die when the dregs of society start infiltrating them and trashing up the place.... Hickory Hollow is s prime example.
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It's more than that.. It's the changing shopping patterns with devices I hand or at home. It's easier that saves time and money to buy it without every going to a building and have it shipped to you doorstep free of charge.. There will be nothing be speciality stores and Walmart in the future the large department stores and Best Buy are dead... Just a matter of time
 
#65
#65
Biopsyman said:
It's more than that.. It's the changing shopping patterns with devices I hand or at home. It's easier that saves time and money to buy it without every going to a building and have it shipped to you doorstep free of charge.. There will be nothing be speciality stores and Walmart in the future the large department stores and Best Buy are dead... Just a matter of time
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I think that Home Depot and Lowe's are safe. UPS, FedEx, and Amazon's own delivery initiative probably won't be delivering mulch, top soil, concrete, and lumber.
 
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#67
#67
Biopsyman said:
Agreed... But will be smaller as some of their current offering will go online
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I won't be surprised if HD and Lowe's just get agreements in place in order to sell hammers and hoes online as partners of amazon.com.

Carpeting and paint are other items that should be harder for Amazon to distribute. Professional installation is another niche for the home improvement retailers to hang onto. Tool rental as well... strong competition from United Rental on that front though.

Amazon might not be too far off from having anti-trust issues. Especially if they were to expand into shuttered Circuit City and Sears buildings as well as closed mall locations for distribution centers and warehousing.
 
#71
#71
Most of the employees at my Macy's are Somalian immigrants just off the boat. Likely Hillary voters
 
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#72
#72
YorkVol said:
Seems to me to be an example of how the world is evolving into one where we interact virtually via technology with limited actual face to face contact. That seems to be the way my kids, co-workers etc (not to forget to mention my friends here on Vol Nation) prefer to do stuff. No one wants to talk to someone in real life any more. We prefer the safety of the screen.

So, moving consumer goods from manufacturer to consumer is evolving into less time in an actual store and more time behind a screen. You have factories filling orders taken online, truckers delivering to distribution warehouses, picker/packers filling order via tablet computers, UPS deliveries scheduled and accomplished online with no interaction between people.

Online gaming, social networking, live streaming of sports and entertainment are all just logical progressions of this evolution.

Where does it all lead? Well space exploration, of course...
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I was on the employee bus the other day from the parking lot to the airport. It was 5am. There were 20 people on the bus and 16 of them were staring into their devices. 4 or 5 were carrying on a text conversation. AT 5 freakin am in the morning! wtf people, put the damned things down for a few minutes.
 
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#73
#73
tumscalcium said:
Ha, I thought so too. Though I can't really say anything bad about them because I don't remember ever eating there.
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My wife and I go there now and again because we like to support an East Tennessee company and they have a great salad bar.
 
#74
#74
Rasputin_Vol said:
We've had at least 2 generations worth of presidential administrations, media and family programming to discourage Americas youth from the trades and labor. Until you blow up the stigma that was created for trades and labor jobs, you cannot blame the youth for not pursuing these career paths. They are 19 year old skulls of mush, most of them with no father in the home to instill logic and discipline. I'm not coming down on these generations behind me because they were given poor advice.
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as one of that generation, I am. Fool me once, shame on you; fool me twice, shame on me. These kids have been letting themselves be taken advantage of. It doesn't take a rocket surgeon or being alive for 30+ years to realize where the money can be made.

with the information available there is no excuse for accepting 8 bucks to work fast food, or 10 at a gas station when 15 is floor for working outside and getting a sweat. and its really humorous to me when they work for less then go pay to be part of a gym. my gym paid me.

so yes it is on my generation for not putting two and two together. the sooner we stop making excuses and accept some responsibility the better.
 
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#75
#75
Rasputin_Vol said:
Oh, one moire thing about this "over-stored" nonsense. If being "over-stored" was the issue, then would that mean that sales numbers online would make up the difference? The problem is that right now, online sales are not making up the difference in many areas. So really, the "over-stored" meme is a distraction from the truth. Consumers are tapped out.
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Can't be. Obama fixed everything, 'member?
 
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