Walmart closing stores and laying off staff? What does that tell you?
Wal-Mart said Monday it will close 10 money-losing Sam's Club stores and cut 1,500 jobs to reduce costs.
Here is a great summary:
11 Clear Signs That The U.S. Economy Is Headed Into The Toilet
In San Fransciso and Oakland area, court bankruptcy filings are up 40% from 2008.
“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved.”
- Ludwig von Mises