Tuesday, November 26, 2013

Housing starts and prices up.Duke out and McMillon in at Wal-Mart

Housing starts up and prices at fastness pace raising since 2006.Is there a bubble in the works? No according to chief economist at Bloomberg,who said only West is it possible for bubble in real estate, Las Vegas and Phoenix come to mind.
Wal-Mart America's store has replace the CEO:out is Duke in is McMillon.Wal-Mart has had hard time of late:for under the Obama economy the rich get richer and poor get poorer,hence,stores like Wal-Mart bargain shoppers paradise,hence,people on lower economy scale,whose wages have been flat and making ends meat has become harder and harder,while people on upper 20 percent economy scale have done much better because of raising asset price,hence,high end store like Tiffany are doing quite well.
Merger talk:Time Warner maybe a target of joint effort by Charter(John Malone control company and Comcast.Men's Wearhouse is making counter offer for Joseph Blank which try to make take over Men's Wearhouse.

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