When Americans Can't Afford A Dollar
Tyler Durden
01/03/2013

"Today's market moving news (or at least what should be market moving news) comes from hyper discounter extraordinaire, Family Dollar, whose stock is getting clobbered on what is merely the latest downward outlook revision (because as much as the Fed would like, reality, and cash flows, still do matter). Yet, while earnings not only for the $0.99 store but for the entire S&P will be atrocious . . . , it is the comments on the conference call that are most disturbing. To wit:

FAMILY DOLLAR QTR DISCRETIONARY SALES SLOWED MORE THAN EXPECTED
FAMILY DOLLAR SEES NEAR TERM CHALLENGES IN DISCRETIONARY ITEMS
FAMILY DOLLAR SEES 2Q GROSS MARGIN PRESSURE MORE VS 1Q
FAMILY DOLLAR SEES 1H13 MORE CHALLENGING THAN EXPECTED
FAMILY DOLLAR QTR AVG DISCRETIONARY INVENTORY PER STORE DOWN
FAMILY DOLLAR SAYS BUSINESS CLIMATE REMAINS UNCERTAIN

In any other universe, when Americans can't afford a dollar, literally, on purchases, this may be cause for alarm. But not in this one: here, courtesy of Bernanke's central planning, all shall be well . . . "

More at:
http://www.zerohedge.com/news/2013-01-03...t-afford-dollar

True dat, all of it. I treat a $1 bill like it is $100 bill (of course we know that it is very close to that now), and try to spend the absolute minimum that I can. I regularly do stuff that I wouldn't have even imagined 5-6 years ago, things like looking in the bakery department "day old" bin to get an item for 50% or less. If an item that I have in mind isn't "on sale" that day/week, I will think twice before putting it into the cart. Sometimes I will, other times I will quickly make an alternate meal plan on the spot.

With so many people on the dole in the US today, there isn't a need for shopping at dollar stores. The big winners in this Zero economy is going to be Neiman Marcus. Just remember, the number one selling car in Greece before their collapse wasn't some generic Toyota Corolla or some VW S#!tbox. It was the Porsche Cayanne.

Quote: FP123 wrote in post #2

---

True dat, all of it. I treat a $1 bill like it is $100 bill (of course we know that it is very close to that now), and try to spend the absolute minimum that I can. I regularly do stuff that I wouldn't have even imagined 5-6 years ago, things like looking in the bakery department "day old" bin to get an item for 50% or less. If an item that I have in mind isn't "on sale" that day/week, I will think twice before putting it into the cart. Sometimes I will, other times I will quickly make an alternate meal plan on the spot.

---