Mass Layoffs & Store Closures 2020 Pier 1 Closing 450 Stores Bankruptcy Rumors Rise! - Great Video

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First, we look at Pier 1 imports as bankruptcy rumors swirl around the troubled retailer. Mall traffic has been down in recent years and honestly, Pier 1 is just one of many brick and mortar retailers in the same boat. We also see Macy’s will be closing a call center iun Arizona and cutting 800 jobs, Then they announced they will be closing an additional 30 stores. Next, there is Catapillar which has typically been viewed as a leading indicator due to a unique connection to the construction industry. Now we see more mass layoffs in Peoria IL for Catapillar. Then hallmark who in their recent earnings report discussed their strong performance relatively yet they said these mass layoffs are necessary to move into the future… Also some bonus info

The continuing economic collapse by the free trade agreements passed by Clinton and defended by Globalists Bush and Obama . Without a manufacturing base the GDP from over 70 percent of people buying products is sending money to other countries! Before free trade agreements were passed we had tariffs and most products sold in USA were made in USA. We need to return to tariffs because they kept our economy with a manufacturing base with many USA employees.

Nothing being produced in this country. Just debt.

Soon the rich will eat the worthless paper & baubles they have hoarded in the bunkers to which they have sought refuge from the evil they have created for themselves.

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