Power of Wal-Mart

Posted By: Dr. Frugal in Economics on 11/14/2007 at 06:30:52

Here's some old news: Wal-Mart rules the US economy. How do we know· When they say things are good, the whole economy grows a big, yellow smiley face.

U.S. stocks rallied the most in two months after Wal-Mart Stores Inc.'s profit beat analysts' estimates and Goldman Sachs Group Inc. said it doesn't plan any significant writedowns on mortgage-related assets.

There you go--that's the power of Wal-Mart.

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