This article first mentions ‘Wally World’ CEO, but should more appropriately headlined about the Federal Reserve policy. However, the headline would not be ‘sensationalistic’ enough to arouse reader curiosity, hence use of the WMT headline.
As a corollary, why should Wal-Mart be allowed to “outsource” almost all their products, to the extent that they are effectively a Chinese company, and then warn America that inflation is impending? Wal-Mart is a traitor company, which also mistreats their workers, hires illegal aliens, and discriminates against women. (That is to say, they’ve been convicted of, or plead to such cases.) It’s NOT the “American Way”!
Wal-Mart CEO: ‘Serious, Rapid’ Inflation Will Send Prices Soaring
Thursday, 31 March 2011, 12:34:24
The one retailer prepared to cut costs to the bone to save money for consumers now warns that prices will rise very soon — no matter what. Retailers have generally managed to hold prices low despite rising raw materials costs. They had little choice: High U.S. unemployment and lack of credit has kept people out of stores. That’s over, says Wal-Mart CEO Bill Simon. Prices will now Read the rest of this entry »