Home Depot CEO warns Bankruptcies won’t be like what we’ve seen in past

Revelations 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”

Important Takeaways:

  • Former Home Depot CEO issues grim warning over US bankruptcies: ‘It’s different than anything I’ve seen’
  • Former Home Depot CEO Bob Nardelli issued a grim warning over the U.S.’s “very complex” economy, cautioning consumers that middle market companies are under “tremendous pressure.”
  • “I think we’re going to see a lot of bankruptcies. Like Bed, Bath and Beyond. We got Walmart not only laying people off, but closing stores. We got Accenture laying people off. We got Amazon closing distribution centers. So I think there’s a tremendous-mixed message,” Nardelli said during an appearance on “Cavuto: Coast to Coast.”
  • The former CEO continued, saying that the “complexity” of the U.S. economy is “different than anything I have seen in my 52 years.”

Read the original article by clicking here.

Leave a Reply