Wal-Mart CEO "uexpectedly fired". [WMT]

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Wal-Mart CEO Bill Simon just got his own little pink slip.  Think this is not important?  Think again.  Corporate CEOs are the new royalty (or made men in the crime syndicate is more like it) and they only get the axe when profits are in trouble.   Of course, people are blaming this on poor marketing choices.  If Bill had just been a little more clever or insightful, they speculate, sales would not be flagging.  I have to call BULL SHIT on that whole line of thinking.  Bill Simon was not responsible for rising sales over the past years and he is now not responsible for falling sales.  It's the money supply, man!  The money supply has been growing for decades, at least the credit based portion of it.  And yes, since 2008 the monetary base portion of it has also been expanded greatly in order to kick the can down the road.  But now the fed is cutting back on that game and will soon stop  it altogether because of cost push inflation.

Cost push??  Yeah, cost push.  The purchasing power of the money doesn't cover the cost of living and so workers begin to demand, and to get, higher wages.  But price increases begin to turn customers off because customers do not have unlimited spending power.  Wal-Mart is like every other company which employs slave level labor (and a significant percentage of our population works for these companies).  Look at Mickey D workers joining with Wally World Workers to protest low wages.

Everyone is talking about a market "melt up" with this back drop???  Really?  With Intel cancelling fab construction??  Really?  With -2.9% Q1 GDP blamed on the weather?  Really?  Good luck with that.  Major names are starting to show significant weakness.  If Bill Simon of Wal-Mart is losing his job you can expect that things are getting a lot worse a lot faster than the blind main stream media can "see it coming".  I expect a lot of "unexpected" things to begin real soon now.  EXPECT THEM.