Former Walmart CEO Bill Simon Discusses Strong Holiday Sales and What It Means for Economy…

It’s a little funny to watch this.  The chicken little pearl-clutchers at Fox Business: ‘orange-man-bad tariffs‘ -vs- former Walmart CEO Bill Simon on strong holiday retail sales, global growth and the U.S-China trade reset.

The Wall Street business-pundits are pre-programmed, at an institutional dna level, to jump into the “tariffs are bad” talking points.  Mr. Simon aptly dispatches them with a dose of reality from the Wal-Mart/Main Street perspective.  [It’s kinda funny]

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This entry was posted in Big Government, Donald Trump, Economy, media bias, President Trump, Uncategorized. Bookmark the permalink.

66 Responses to Former Walmart CEO Bill Simon Discusses Strong Holiday Sales and What It Means for Economy…

  1. Marygrace Powers says:

    BEST/ you really are the BEST sundance!
    Thanks for all the incredible work you do 24/7/365.

    Liked by 15 people

    • fleporeblog says:

      Even this CEO was overly cautious with his comments. I guess he was afraid they wouldn’t invite him back if he told them the truth.

      The US Consumer will NOT pay the cost of the tariffs on Chinese goods.

      The Chinese Producers will pay 20.5% of the 25% tariffs that are imposed on March 1st on $250 billion dollars worth of imported goods.

      https://www.livemint.com/Politics/1isrPVYzF27I7salgKtd7J/China-is-paying-for-most-of-Donald-Trumps-trade-war.html

      From the article linked above:

      US President Donald Trump is succeeding in making China pay most of the cost of his trade war.

      That’s the conclusion of a new paper from EconPol Europe, a network of researchers in the European Union. US companies and consumers will only pay 4.5% more after the nation imposed 25% tariffs on $250 billion of Chinese goods, and the other 20.5% toll will fall on Chinese producers, according to authors Benedikt Zoller-Rydzek and Gabriel Felbermayr.

      Also his prediction for our real GDP rate for 2019 is way off by predicting 2% – 2.5%.

      I wrote this in the previous article:

      From the thread linked above:

      All this BS talk about a recession is exactly that.

      I actually believe that next year’s Annual real GDP rate (2019) is going to be better than this year which will be close to 3.3%.

      Keep in mind that China 🇨🇳 stopped buying our soybeans and pork for the better part of 2018. The exact opposite is going to happen in 2019.

      Liked by 10 people

      • WSB says:

        Felice, I thought Simon did such great job speaking about Walmart having 2/3rds of their inventory coming from the US. And then explaining the other 1/3 as from elsewhere, not necessarily China or subject to tariffs.

        Liked by 5 people

      • swampratterrier says:

        Yes, Fox is so full of footle.

        Liked by 1 person

      • moe grimm says:

        And for FOX Business none more than Liz Clayman the Warren Bufftet boot lick along with mega cuck Charlie Gasperino (stock picker you know) who is Cavuto’s side kick. Then there’s another limey import Stuart Varney. I actually heard Clayman state concern that the Tax bill “would reduce Treasury” receipts >>> This right smack in the middle of another RECORD Quarter of U.S. tax revenue! Working 3rd shift I’ve seen these Frauds as they’re on during the day.

        Liked by 3 people

      • notfaded1 says:

        In other words… “Don’t believe the hype!”

        Liked by 1 person

      • Keln says:

        “His” trade war. Ha! These people keep trying to make this out as if President Trump started a trade war, when the fact is, China has been at war with us economically for decades. He’s simply the only president to fight back.

        Liked by 1 person

        • fleporeblog says:

          Your absolutely right!

          Like

          • VoteAllIncumbantsOut says:

            There’s the rub…
            Even they are baffled by the Dow going down 600pts on Monday and up 1000pts yesterday.

            My comment yesterday told those who were listening that the next two days along with next week we’d see the Dow rise.

            When they can’t find a narrative they throw out confusion but as a trader, we see the numbers in the market because they never lie. So why did the market drop 600pts today only to go up and close higher than yesterday? When traders run out of buyers/longs, they flip and become sellers/Shorts and when they near a bottom they reverse position. This happens all day everyday. There is a proper method to trading and no, it’s not throwing darts.

            The media has no effect on pro traders, it’s a matter of what the price activities are telling us. If there is confidence we buy/long, no confidence we sell/short. Yes, novice traders trade on emotion and the media. This is reflected in the price. Pro traders trade on logic which alleviates that noise.

            Please understand that the media is there to confuse the American people and everyday, they do just that. It’s been this way for decades, they always tell you when to buy but never when to sell! That’s why they bring in CEO’s to encourage retail investors, Mom and Pop, to spend their hard earned money, when they do this, it’s always near a top so you get trapped holding the stock while it’s falling hoping it returns to at or near the price you paid for it. Traders know when the tops set in, that’s why the CEO’s are brought in, to sell you the top. Listen between the the talking points and you’ll start to hear it.

            Don’t get to excited just yet about the markets, if you trade or own stocks. Will we crash? No, but 2019 is beginning to show signs of weakness in the markets. Also, don’t get to excited about Wall Street going down because traders will make money on the way down.

            I’m proud of our President for what he’s trying to do, but as the POTUS, you should never tell someone that stocks are a great buy right now. Remember, PDJT is a real estate tycoon, he does not invest in the markets because he does not understand them from his own mouth.

            When markets fall back, what will these people think when it goes against them?

            Liked by 1 person

            • VoteAllIncumbantsOut says:

              I want to clarify something here…
              When POTUS said “Great buy”, the very next day the Dow made historical highs, this was a Bull Trap, today was the shake out that triggered all the stops on the way down which intensified the selling pressure, when we reached the bottom and slowed up, the buyers took over and closed above yesterday’s high.

              For those novice traders who took that advice to heart a bought stocks, entered there stop loss positions, just lost money only to see it reverse and go back up while the held no more positions. This again, happens all day everyday!

              Liked by 1 person

  2. The globalist interventionists, like Max Boot, Ralph Peters, and he-who-must-not-be-disrespected, likely think President Trump will surely crash the economy when he pulls the boys home from Afghanistan and that $50 some Billion a year being spent there. Of course, that $50 some billion could be spent stimulating the economy by building a very pretty very high Wall on our Southern Border to actually defend us, but I don’t think they want anything like that.

    Liked by 11 people

  3. aj says:

    I remember when Larry Kudlow was orange man bad tariffs. At least he tied his wagon to a winner.

    Liked by 3 people

    • Comin’ to ya on an eight lane road
      Good Presidentin’, he’s got a plane load
      And when you get it you got something
      So don’t worry America, ’cause Trump’s coming

      He got what he got the American way
      And now he’ll make America better each and every day
      So Americans don’t you fret
      ‘Cause you ain’t seen nothing yet

      Listen
      He was brought up building things on many a street
      He learned how to make great deals almost before he could eat
      He was educated from good stock
      When he starts making things great, he just can’t stop

      Well grab the rope Larry and he’ll pull you in
      Give you hope and be your best President
      Yeah, yeah, yeah, yeah

      Liked by 4 people

  4. GB Bari says:

    Simon “the consumers are very happy right now.” And he lists the reasons why.

    He dispatched the notion that the extremely negative press on PDJT has affected consumers but he follows that by cautioning that (eventually) it could. But overall Simon is very positive on the consumer level economy saying the high levels of consumer debt are only a potential problem in the long run.

    Liked by 4 people

    • Sayit2016 says:

      GB the REAL issue is that Liberals actually think that Americans have no idea what is in their own bank accounts. They are acting like how are you buying this stuff ?

      BECAUSE WE ARE KEEPING MORE OF OUR MONEY THROUGH TRUMPS TAX CUTS! JOBS ARE PAYING BETTER WAGES.

      You literally have to spell it out for them….

      SMH

      Liked by 3 people

      • GB Bari says:

        In fairness there are many reports that consumer debt is rising big time so that suggests that a lot of the exuberant spending is via credit cards. **Hopefully** the decisions to assume higher debt are largely based on the consumers’ increasing ability to pay down those credit balances due to rising wages.

        Liked by 2 people

        • Sayit2016 says:

          Exactly– we shall see hoe this all works out..

          Liked by 1 person

        • rvsueandcrew says:

          When I have more cash, I use my credit card more because I get “points” which give me discounts on future purchases. I buy everything I can with my credit card. I ALWAYS pay off the balance each month. I think a lot of people do this. I don’t know if we influence the consumer debt numbers.

          Liked by 4 people

          • H.R. says:

            rvsueandcrew: “I don’t know if we influence the consumer debt numbers.”

            Yeah, I don’t know how that sausage is made, either.

            Also, Mrs. H.R. and I always buy using credit when there’s a “12 months same-as-cash” offer, even though we can afford to pay it all up front. It’s a cash flow/time value of money thing. It’s the smart thing to do if you are disciplined and don’t screw up a payment. The seller and lender is counting on that so they can charge 27% interest on your mistake.

            That’s the same as your credit card example, but the payoff is 12 months instead of monthly. I don’t know how interest-free credit purchases are accounted for.

            Like

            • sat0422 says:

              Did you see where they are going to monkey around with the nonsense called “credit ratings” again. Just when people figure out how to raise the credit score, they change how the game is played. I saw this reported as news on some TV I walked by this week.
              I hate the inventors of credit scores……and mine is A++++.

              Like

              • DGINGA says:

                I always laugh when I check my credit score (and, BTW there is no such thing as A+++) and I get slightly dinged because I don’t have enough debt. Our home is paid off and we pay cash for our cars, so my credit score is 835 instead of 850. We pay our cards off every month, and the balance information reported by the credit agencies is never accurate.

                I wonder if they get the consumer debt numbers from the credit reporting agencies. If that is the case then the number might be accurate at a moment in time, but would not account for the people who pay their credit cards off every month. Installment debt like car loans should be reported as a separate data point, but I bet it is rolled together. As a former banker, I can tell you that credit card debt is far more risky than installment debt that is secured by collateral.

                Like

          • Sharpshorts says:

            Getting the extra points and “…ALWAYS pay off the balance each month…” is a good strategy so long as you understand the difference between saving money and spending less. I think that many of us do understand the difference.

            Credit card “banks” can give the points (discounts) because they make money from the transactions, not just from interest on unpaid balances.
            Depending on whether you think the chicken came before the egg, ultimately the consumer pays for any discounts he receives…

            Like

          • GB Bari says:

            Yes I too carryover a zero balance to the next billing period despite using my cards every month for online and service bill payments. But I’m not sure that statistics on consumer “debt” include charges not carried over and for which no interest is assessed.

            I was under the impression that the definition of “debt” was the aggregate balance carried over to the next billing period and against which carrying interest is charged.

            Liked by 1 person

          • Paul Vincent Zecchino says:

            rvsueandcrew –

            This is exactly what we do. Other than utilities, for which we like paper receipts in case there’s ever an issue, we put everything on the card to accrue the points and pay it in full each month.

            At any given moment, we surely would show a high debt, but at the end of the monthly billing cycle, we reduce it to zero while the points keep racking up.

            Liked by 1 person

          • sturmudgeon says:

            Very astute query on whether or not we who clear our debt each month, influence the consumer debt numbers.

            Like

    • lanahi says:

      The economy in large part depends on the confidence of the consumer. The consumer needs to keep buying if we are to have a healthy economy, and they’ll do that if they have confidence they will have money in the future. Naysayers can tank the economy just by removing that consumer confidence.

      Like

  5. Attorney at Law says:

    Anything POTUS touches, Turns To Gold.

    Talk about living in exciting times. TGFT

    Liked by 5 people

  6. MAGAbear says:

    “Smoot-Hawley……Smoot-Hawley”!!!! It’s the only point of reference free-trade ideologs have. Therefore all tariffs are bad to them. They’ve been trained to think one way and only one way in regards to trade. They’re incapable of connecting the dots of what PDJT has done to improve the U.S. economy.

    Liked by 2 people

    • sat0422 says:

      My Dad always told me that Economics was a very difficult science to master or understand. He was correct. I always call it an “inexact” science because factors change over time. Yes, I did study Econ in college….just enough to be certified to teach Economics and if my background had been stronger, I would have majored in Economics.
      I seriously doubt that many who have chairs in Congress with their names on them understand Economics any better than a tenth grade student.

      Liked by 1 person

      • TwoLaine says:

        ESPECIALLY the crooked old career geezers who have sucked the lifeblood out of our country for way too many decades. And the reason: Just like The Kenyan, they’ve never built anything in their lives! They aren’t givers, they are TAKERS!

        Like

      • sturmudgeon says:

        sato422: “I seriously doubt that many who have chairs in Congress with their names on them understand Economics any better than a tenth grade student.” Are we to assume that you are referring to the tenth grade students of old? NOT the ‘new math’ students?

        Like

    • notfaded1 says:

      If the trade was really fair to begin with then the tariffs wouldn’t make sense. The problem is the trade hasn’t been fair for decades. VSG is just working to swing the trade back to being closer to “fair” using the only tools he has right now… and guess what America? It’s working biggly!

      Like

  7. Bone Fish says:

    OK but why didn’t China and Russia dump hundreds of millions of ounces of precious metals on Walmart’s day after Christmas retail sales story?

    Like

  8. Marc says:

    Ah, I see. The 5.1% increase figure is from retail sales during the holiday(excluding autos) while the 42% increase is from all holiday spending. Of course, the globalist Wall St. pawns on TV will go with the smallest number.

    Liked by 1 person

  9. Ghost says:

    Observations from a smaller limb.

    Liberal media and academia have no choice. They have to blame tariffs for the great depression. If they don’t then they actually have to look at what caused it. Blaming the economic policies of FDR or the Fed is simply not an option for them.

    Coolidge said Herbert Hoover has a thousand ideas all of them bad. Hoover was simply FDR lite. Whenever I get into this debate in person on this my first statement is the tariffs of 1824 is why the North won the civil war.

    The tariffs of the 1820’s led the way for the first American industrial revolution and the creation of our first large scale creation of a middle class. The tariffs of the 1880’s ignited the second American industrial revolution.

    YMMV.

    Like

  10. iPack says:

    In other words, it’s all SABOTAGE by the left.

    Like

  11. Pyrthroes says:

    In this long-awaited (72 years) postwar era, multiplying disconnects reflect unraveled strands prevailing over generations: Productive Main Street (SD’s “real” economies vs. Wall Street’s and its central banking allies’ dirigiste Casino “derivative or nominal” debt-pyramid schemata); geopolitical divides reflecting Eurasian, sectarian Muslump, and Oriental “New Imperialisms” vs. self-actualizing nationalists; class, socio-cultural, and demographic divisions at odds with global and off-planet technological advances.

    We in the West have shot these rapids since AD 1453. But elsewhere, for all the multi-culti hype celebrating outright barbarism, our Greco-Roman, Judaeo-Christian mores are seen not as progress but as barriers to rule by canting, self-dealing, elitist oligarchs bent on breaking upstart populations “animal spirits” to their patrician will. Sorry, guys– that horse left the barn with Scientific/Industrial Revolutions and the Enlightenment, now pushing three centuries ago.

    Liked by 1 person

    • H.R. says:

      Pyrthroes: “[…] class, socio-cultural, and demographic divisions at odds with global and off-planet technological advances.
      (emphasis added)

      It’s not clear to me what off-planet technological advances you’re alluding to, given my understanding that so far, for anything off-planet, the technological advances were made on Earth and then we shot them off planet. That phrase is a puzzler.

      Liked by 1 person

      • notfaded1 says:

        Unless you consider the research being done on the space station and on experimental ships such as the X-37.

        Like

        • H.R. says:

          Yup. That was what I was asking Pyrthroes. It’s not clear what was meant and it’s not clear to me how the research conducted on the space station ties into the GEBs.

          Well, unless the GEBs are going to pull a Bond villain on us and have a death ray on the space station aimed at all of us serfs on the ‘serf’ace.

          You’re guessing. I’m guessing. We’ll just have to wait and see if Pyrthroes wanders back by here and clears it up.

          Like

  12. TwoLaine says:

    They’ve been trying for ages now to WILL a bad economy on VSG President TRUMP, even though The Kenyan is still out there taking credit for POTUS’ GREAT MAGA economy.

    Like

  13. DGINGA says:

    The smug attitudes of the reporters certainly showed through in this interview with the former WalMart CEO, who, by the way, comes across as a nice guy. The reporter who asked about the China tariff impact on WalMart obviously assumes, in his arrogant New York liberal way, that everything at WalMart comes from China. I thought Simon handled all of them well. I would have wanted to smack them down Tucker Carlson style.

    Liked by 1 person

  14. molonlabe28 says:

    The ivory tower experts, like the GOP elite, can talk all they want.

    But I quit listening years ago.

    Because I don’t trust them.

    I trust our President implicitly to do the right things for our country.

    He will make a mistake from time to time, but he is the best President I have seen in my 61 years.

    By far.

    Liked by 1 person

  15. zephyrbreeze says:

    Really, the Never-Trumpers, and globalists ALWAYS Knew this was possible – and dreaded to think of it. We were pawn, serfs, and minions in their plans. Trump ALWAYS knew the score, with his much badmouthed-by-the-media financed degree from Wharton. Hahahaha

    Like

  16. SMR says:

    This interview was simply rich! The babbling bobbleheads tried very hard, didn’t they? They kept coming around trying get at least a LITTLE doom and gloom out of him but he wasn’t having any of it!

    Like

  17. SMR says:

    This interview was simply rich! The babbling bobbleheads tried very hard, didn’t they? They kept coming around trying get at least a LITTLE doom and gloom out of him but he wasn’t having any of it!

    Like

  18. SMR says:

    This interview was simply rich! The babbling bobbleheads tried very hard, didn’t they? They kept coming around trying get at least a LITTLE doom and gloom out of him but he wasn’t having any of it!

    Like

  19. SMR says:

    This interview was simply rich! The babbling bobbleheads tried very hard, didn’t they? They kept coming around trying get at least a LITTLE doom and gloom out of him but he wasn’t having any of it!

    Like

  20. SMR says:

    This interview was simply rich! The babbling bobbleheads tried very hard, didn’t they? They kept coming around trying get at least a LITTLE doom and gloom out of him but he wasn’t having any of it!

    Like

  21. SMR says:

    Mucho sorry about the post button

    Like

  22. rustybritches says:

    The Market Turned around at the last min and made it into good Territory and The left is trying to prove that they are dragging down the Econ because they want it to crash to get PT out of office I wonder why they didn’t do that under Obama when he refused to allow the Econ to grow during that jerks whole 8 years in office and why didn’t they try to take that man out of office with all he did wrong?. I wish PT would go to capital hill and do every recess appointment he has in the works and tell The Senate and the house that since they dont want to stand with him they stand against him and so get out of my way while i get to work putting this country on its feet..

    Like

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