Wal-Mart Stock Takes Biggest Hit Yet
Or at least the biggest drop in 17 years. Strangely, they are blaming a strong dollar on their woes. It seems to me that if Wal-Mart were still an American corporation buying goods made overseas for sale to Americans, then a strong dollar would be good for Wal-Mart. Methinks Wal-Mart is now a global corporation, not an American one, and therefore they suffer as the world suffers from deflationary forces unleashed by our dollar being the best looking horse in the fiat currency glue factory. Article on Zero Hedge.