In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
The loss of Costco Canada is already hurting American Express, where revenue fell slightly between December 2014 and March 2015. AmEx reported a TTM revenue of $34.04 billion on March 31, down from $34.29 billion on December 31. The loss of Costco Canada hit American Express hard because the club store giant is huge in Canada, as anybody who visits the country knows.
Read More
• Abolish the payroll or withholding taxes, which take a percentage of a person’s salary. These hit the working poor heavily, and they do not raise enough money to cover the costs of programs like Social Security and Medicare.
Read More
Walmart is no longer on the cutting edge of retail; it cannot even compete with bottom-feeding dollar stores. The Behemoth from Bentonville still makes a lot of money; it just cannot attract any new customers. What is going on here?
Read More
The risk Target is taking is not that great, and it is giving its customers a stronger incentive to buy its more profitable house brands. Target’s return policy is a shrewd move because the potential gains outweigh the risks.
Read More
It looks as if the purveyors of digital wallets are going to have to do a lot of old fashioned marketing if they want to get the public to accept their products. That might give Current C an advantage in the digital wallet wars because some of the companies behind it, such as Kroger, are very good at marketing.
Read More
Americans now have less economic freedom than Danes, Chileans, Canadians, Swiss, New Zealanders, Australians and even Estonians, according to the Index. In fact, the level of economic freedom in the USA is only slightly higher than that in the United Kingdom, which American conservatives love to disparage as a bastion of socialism.
Read More
The median home prices indicate something else that we could be seeing: real estate deflation.
Read MoreJPMorgan Chase (NYSE: JPM) reported that one million of its account holders are now using Apple Pay at its Investor Day on Tuesday, February 24, 2015. That means one million customers of one of the nation’s largest banks are using an alternative to traditional banks. Bank consumer behavior is changing faster than we thought.
Read MoreIf you want a stock to hold for the long term, and I mean the long term, Google would be perfect.
Read MoreBasically, any company that offers high-quality merchandise or a high level of convenience at a good price is poised to profit in this economy. People want to save as much money as possible, but they don’t want to think of themselves as “poor”; income inequality, which makes people conscious of poverty, drives this trend.
Read More