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Strategies & Market Trends : Asia Forum
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To: Esvida who wrote (67)12/23/1997 4:12:00 PM
From: current trend   of 9980
 
Call it "the Wall-Mart effect"--- to explain a small part of

<<Why the living standard in Japan has to be lower than
that in the US?>>

Michael put it so well and insightfully as listed below-- from

----------------------------------------------------------------------------------------
Subject: The Big Picture - Economics and Investing

To: Sid Turtlman (500 )
From: Michael D. Cummings Thursday, Dec 18 1997 12:30AM EST
Reply # of 539

Sid, something occured to me today as I did some last minute Christmas shopping. About a year ago, we had a Wall-Mart open up in our area. As I bounced from Wall-Mart to Cosco, Target and Sears looking for that special gift, I was paying particular attention to the price of clothes and goods.

Is it possible when discussing the inflation rate that the U.S. is experiencing what I would call "the Wall-Mart effect"??

It seems like all the stores in my area have slashed prices on goods in order to compete effectively with Wall-Mart. Multiply this by thousands of stores and this could be having a pretty profound effect across the country.

Wall-Mart is steadily moving closer to the Urban area's of America. We may see this effect continue for a while longer.

Michael

---------------------------------------------------------

If Japan had any of "the Wall-Mart effect" prices would come down,
the consumer would benefit, and the standard of living would
improve across the whole country! Maybe there are political and
cultural roadblocks to this.

CT
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