Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 29th of July.
It Is All About Commerce, That Is What Makes America Strong
Over the weekend I stopped at Walmart (NYSE:WMT), as I needed to purchase some Allen wrenches to make some adjustments to my new bicycle. I was standing in Walmart next to where they sell guns and I ran into Dave and Joe, two regular, everyday Americans. Dave, a Walmart employee, was telling Joe that he could only buy three boxes of ammo when they had it in stock. With that comment, I decided to ask him why was Walmart, one of the largest retailers in the country, restricting purchases of ammo to everyday Americans?
The answer I got was that there is a shortage of ammo in America. Dave repeated that Walmart cannot get enough supply because Homeland Security has been buying vast amounts of ammo for what reason Dave did not know. Here is the point that I am making, by restricting Walmart and other companies, you're really not helping the employment picture. Especially when it's an artificial shortage brought on by the administration.
Now before I go any further, I just want to say that I do not own a gun, so I have no axe to grind on that front. But I do have an axe to grind with the administration that seems to go against everything that's in the Constitution. Mainly, the right to bear arms. The government is creating problems for business and employment when it steps in-between demand and supply chains that work efficiently when left alone. If history has taught us anything it is this, when you have any kind of restrictions or controls come into a free market, they never ever work. The free market ,with all its imperfections, is still more efficient and works better when it's left alone, than any government policy the world has ever seen. Continue reading "Today's Video Update: Walmart, Ammo and The Constitution"