Walmart ceo prepare for "serious" inflation

http://www.philstockworld.com/2011/03/31/wal-mart-us-ceo-to-america-prepare-for-serious-inflation/

To those who think that buying food in the corner deli is becoming a luxury, we have five words: you ain’t seen nuthin’ yet. U.S. consumers face "serious" inflation in the months ahead for clothing, food and other products, the head of Wal-Mart’s U.S. operations warned Wednesday talking to USA Today. And if Wal-Mart which is at the very bottom of commoditized consumer retail, and at the very peak of avoiding reexporting of US inflation by way of China is concerned, it may be time to panic,

 

Good news is that incomes are flat, so a whole whack of other stuff will be available for much cheaper.

 

WalMart is the epitome of what's wrong with American capitalism. They've single-handedly destroyed not only companies but entire industries.

The combined effects of higher costs in raw material input, off-shore manufacturing and finished goods transportation should put a severe crimping, if not fatal blow to their business.

I, for one, would welcome the day they went under...

 

Food prices in N.A. have been unsustainably low for 40 years.

Market realities are starting to intrude.

Don't see a reason to be upset or happy about it - it is what it is - normal and expected.

 

Market realities are that we've turned our food system into a proxy for oil.

For a few decades, that was a positive.

Now it's not.

And there isn't a thing the Fed can do about it.

 

Oil transactions are priced in whatever major currency you want to buy it with.

 

wtf does oil being priced in a particular currency have to do with anything? that doesn't change the intrinsic value of the commodity. I think you need to go back to the yahoo boards....

 

Government gone Mad.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=217766

 

Finally someone who has common sense on the board. Most people here are delusional about the effects of money printing. The fed has created the biggest inflation in world history, and now we are beginning to see the true effects.

 

Bubble ben bernanke doing a fine job creating another bubble, remember the economy only knows how to expand and grow through the creation of bubbles!!!

Of course Bubble ben bernanke says there is no inflation, meanwhile food and energy and the rest of the commodities continue to soar, anyone who thinks there isn't any inflation is a FOOL!!!