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Unemployment is down. Gas prices are low. Why isn’t America shopping?
- a3n 10y ago> But, Gap, like many of its rivals, is also looking to streamline the parts of the business customers don’t see. The company has said it will announce next week plans to “streamline its operating model to be more efficient and flexible.” And there you go. Everyone knows that the fondest desire of their employer is to get rid of them, and do more with less people. Unless you're rich with years of runway, the only strategy that makes sense is to make do with less, because your employer sure wants to.
- Finnucane 10y agoA lot of people need to save and/or pay down debts more than they need more junk from Macy's.
- fovc 10y agoRay Dalio has an amazing video explaining the difference between this recession and the others [1] TL;DW: People are slowly paying down debt/waiting for inflation to kick in [1]: http://youtu.be/PHe0bXAIuk0 http://youtu.be/PHe0bXAIuk0