Wal-mart numbers expected down...

A deeper snapshot of our over all economy can be seen from the recent news reported by Wal-Mart's woeful sales tale. Even those of you out there who are not fans of the giant retailer should take note of some of what is being stated:

Eduardo Castro-Wright, CEO of Wal-Mart Stores U.S.A. echoed Schoewe's concerns about Wal-Mart's consumers feeling tapped out.

"Late last year, people were already facing rising costs of living, higher healthcare costs and higher energy and gas prices," Castro-Wright said. 'So people were living on easy access to credit."

"But with the mortgage crisis and housing slump, everyone feels poorer," he said. "We feel this burden on shoppers earlier than other retailers because we serve every working family."