It is as difficult to sink a business without debt as it is sink a ship without holes.
- Manlobbi
Personal Finance Topics / Macroeconomic Trends and Risks
No. of Recommendations: 3
Dropped into a local shopping mall today. Macy's had few sales-people on the floor, but they seemed to outnumber their customers. While there were some items on sale, their was little signage to show that this was a primary shopping event.
At Zara, the price tags were helpfully in both USD and GBP. Normally, one would expect that prices would be about the same after currency conversion. Today, however, all the tags showed about a 25% premium for buying in US dollars - presumably indicating the direct effect of recent tariffs in non-ambiguous form.
The only busy store in the mall was Primark (the low-end Irish clothing emporium)
Jeff
No. of Recommendations: 0
Jeff,
So you are going to invest in Primark?
No. of Recommendations: 0
Primark is privately owned. I do own stock in Fast Retail (Uniqulo) which participates in the same pond (but whose product I prefer - but it's more of a middle-class shop than Primark. Uniqulo shares the demographic customer base of Costco, rather than Walmart)
Jeff
No. of Recommendations: 0
I have my fantasy set up of launching this game before Thanksgiving. If successful, I might bypass moving to Boston and buy a place in Dublin. One of my sisters just bought in Dublin.
My money is going into a state of CT Credit Union. If we have a complete economic meltdown, I want to see which financial institutions are still standing.
I'd possibly end up in a UK financial institution for my banking or brokerage needs. I would incorporate the game LTD in Ireland.
I'll see how it goes.
Funds in the EU, I need to figure out their markets.
