The Stock Market Is Not The Economy Thread II

[Zetanio]

i would bet a huge amount of money that macy's closes the one on the cape. it's such a fuckin disaster.

[Krandor]

Most Macy's always seem to position themselves so you have to walk through them to get to the rest of the mall, so maybe something catches your eye. That one was poorly placed though, better parking next to the Best Buy/Marshalls

[Kaslo]

Most Macy's always seem to position themselves so you have to walk through them to get to the rest of the mall, so maybe something catches your eye. That one was poorly placed though, better parking next to the Best Buy/Marshalls

Ummmm that's all anchor department stores?

[Krandor]

Sure but it's almost always a Macy's from my experience. The one in the Cape Cod Mall attempts to be positioned like that (on the side of the mall facing the main road), but the parking lots on all the other sides of the mall are more convenient to use so it fails.

[Zetanio]

Sure but it's almost always a Macy's from my experience. The one in the Cape Cod Mall attempts to be positioned like that (on the side of the mall facing the main road), but the parking lots on all the other sides of the mall are more convenient to use so it fails.

ya it's literally the worst possible spot for an anchor store to be considering the layout of the mall in relation to entrances, major roads, and other stores. It's next to their grody food court and nothing else.

[Roranora]

are my tools from Sears still under warranty

[Tyrath]

The Wendys thing is so moronic.

Fast food places aren't taxis. Wendys too expensive? You just go over to the fast food place next door. Theres people who will never go back to the restaurant if they encounter a crazy price surge once. This is gonna backfire miserably.

https://finance.yahoo.com/news/wendy...151238146.html

They backtracked lol

[kuronosan]

I just don't get how stupid you have to be to see the backlash McDonald's got and go "you know what we should try that too"

[Qalbert]

at the very least they should have framed it as like a happy hour thing, come get food during off-peak hours at a cheaper* price than normal (meanwhile raising 'normal' prices) but they literally just came out and said "we're gonna take more money"
this kinda shenanigans:

[Melena]

are my tools from Sears still under warranty

If it's Craftsman brand with a lifetime warranty, then yes. Lowes is honoring it.

[6souls]

https://twitter.com/jodyserrano/stat...12652144107890

[Outlaw]

I still do not plan to go there anymore unless I'm with a group or whatever and have no choice. I pine for the days when Dave was still in charge and Biggie Fries.

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[Guitarman]

The quality went to shit once they got rid of the yellow fry boxes and cups. Change my mind.

Also Wendy's is just going to do a reverse surge pricing. Jack prices up, then bring them down to today's prices when they "discount" them during slow periods.

[Kaslo]

https://twitter.com/SteveRattner/sta...676119715?s=20

[Zetanio]

WE DID IT FOLKS

[Tyrath]

Food and energy aren't important or anything

[archibaldcrane]

Food and energy aren't important or anything

Good thing the headline rate (with food and energy) is even lower than core then

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[Zetanio]

just leave rates where they are for another 18 months unless there's a real meltdown.

[archibaldcrane]

just leave rates where they are for another 18 months unless there's a real meltdown.

Waiting for meltdown is the wrong approach. Once inflation is tamed (it is), start lowering. If you wait for meltdown it takes too long for rate cuts to flow through.

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[Zetanio]

Waiting for meltdown is the wrong approach. Once inflation is tamed (it is), start lowering. If you wait for meltdown it takes too long for rate cuts to flow through.

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rates can afford to come down about 125-150bps total over the next 2 years is my view. i would wait 12 months minimum before a cut. Also rate cuts flow through the market much more quickly than rate hikes, particularly in real estate. You can instantly refi or write a new mortgage and given the momentum that the real estate market still has, with rates where they are, that's not a worry.

we're finally seeing companies shift away from issuing cheap paper and buying back shares to tapping equity markets for funding which i think is a much healthier signal that rates are in a good place than not. There is a looming debt wall for a lot of companies that simply extended the duration of their capital stack during covid as far as they could and the resulting shakeout of those zombies would be a good time to start very slowly cutting rates down which I think is due up in about a year. There's a tailing risk in the bottom tier of corporate debt for a number of companies that should be junk rated but have had such a low cost of capital it hasn't caused a rating impact yet.

anyway, i should get paid for these hot takes.