gemmanager

http://www.swelman.blogspot.com

3 Comments

    • ON: Fri Aug 15th 22:57 PM
      Commented on:
      Retail Sales Are Weak, But No Towel Being Thrown In
      The arrogance of over consumption in a credit economy has final reached a tipping point. High end retail has to rethink merchandising because everyone rich and poor is being hit by higher inflation. If one has to choose between nesessary living staples or Chanel and Prada food, gas and rent win.. This was a long time coming.
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    • ON: Sun Jul 13th 22:47 PM
      Commented on:
      The Week Ahead: Demystifying the Hindenburg Omen
      Yeah the middle class has awakened thirty years too late. This all started with Ronnie and his tax cuts to corporate america it inspired this new "greed". Free trade created a stressed middle class with stagnant wages while inflation escalated creating a new debtor society. Now comes the hangover Recession probably second only to the Great Depression. Wake up America you voted for these clowns who let Wall Street dictate how this country is run.
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    • ON: Tue Jul 8th 18:30 PM
      Commented on:
      The Worsening Retail Climate
      Fast forward to July 2008 SKS stock is worth less than half it's 52 week highs. I live right down the street from South Coast Plaza a world class destination mall and the numbers are dismal. This area of Orange County was ground zero of the sub prime debacle. The fake riche' shoppers are gone their losing their houses. Luxury is keeping your job and having money to fill your tank to get to work. California is undergoing a big shake up across all sectors. I'm laughing at all the high paid politically correct upper management now. I'm sure corporate earnings and store numbers suck and their worried about how much longer they'll occupy their cushy offices (Barbie collections and all) before the transfer. Thank god I went back to the small business model I thrive in and the numbers prove it. Talent is never recognized through the layers of political fluff and ass kissing.
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