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August 19, 2013

Retailers & The Economy

"(...) First of all, look at the earnings. We got earnings from Macy`s (M) and from Wal-Mart (WMT), very different types of stores but both had the same story. Their sales both missed Wall Street estimates. Their customers aren`t shopping as much, they are not buying apparel or whatever that is they are selling there and so their stock prices were down. But if the economy is really getting better why aren`t you seeing that at these retailers? " - in a recent Schiff Report video

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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