Wal-Mart Nails The “Consumer Recovery” Coffin Shut
by Tyler Durden
UPDATE: CNBC Damage Control – Story was “misunderstood” and “misleading”…but not denied… CNBC is to Wal-mart as Hilsenrath to the Fed
Welcome to the new normal recovery… if ever there was a headline that summed up the idiocy of the mal-invested distorted new normal, Wal-Mart just managed it:
*WAL-MART CUTTING ORDERS (In Q3 & Q4) AS UNSOLD MERCHANDISE PILES UP IN U.S.
So, it seems the “if we build it (or stock it), they will come (and buy)” mentaility has failed yet again… As we noted before, as goes Wal-Mart, so goes America…