Macy's announces 5,000 job cuts, more store closures

I believe this year will be up and down with the economy. The stock market is oversold, savings of the common man is getting worse and worse, banks are paying 0% on checking and savings and the dollar is down.

With those factors mentioned above, Macy's will likely not be the only store to let people go. There is a cyclical effect every 8-10 years, only because the FED prints fiat out of thin air and then comes up with interest rates, as projections for the market, both resulting in a disaster, affecting your common Joe and Jane.