Wal-Mart: Our shoppers are ‘running out of money’
New Republic: At best, high gas prices have an indirect effect: They make voters think inflation is worse than it actually is.
NEW YORK (CNNMoney) — Wal-Mart’s core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried, CEO Mike Duke said Wednesday.
“We’re seeing core consumers under a lot of pressure,” Duke said at an event in New York. “There’s no doubt that rising fuel prices are having an impact.”
New Republic: HERE
It's OK Bernanke will print us up some more!
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