Retailers of all stripes sing holiday blues

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  • My2Cents Taylorsville, UT
    Jan. 10, 2014 4:36 a.m.

    Any one with any economic common this is a predictable outcome of poverty and welfare jobs that deprive everyone of expendable incomes. Debt is not an expendable income and its a personal choice of spending that many consumers are beginning to understand on a limited basis. People who use debt for day to day living don't understand the ramifications and disadvantages of this lifestyle. All the consumers know is that there are limits but they don't know how to stop or control the use.

    I can see more big box stores closing and shutting their doors turn out the lights. Not even internet sales and high technology can improve poverty and being poor. After the stores go out of business the banks will be close behind them since they are dependent on indentured debt. If any retailers wishes to remain in the game, they better begin a cash flow system to save them selves. Credit cards and debt will become obsolete forms of money.

    To add insult to injury, more consumers will be filing bankruptcy and dropping debt spending.