These Large Companies, Still Using Unpatched or Bootleg Windows, Got Hit by Petya Ransomware Attack by Wolf Richter • Jun 27, 2017 • 75 Comments Even after all the WannaCry hoopla in May. US companies too!
China Suffers “Delusion” like 1980s Japan, Faces Long Stagnation by Wolf Richter • Jun 27, 2017 • 74 Comments Sudden Financial Meltdown is “less likely.”
“Mortgage Demand Cools”: Fannie Mae by Wolf Richter • Jun 26, 2017 • 111 Comments Home prices are “weighing on affordability and constraining sales.”
The Fate of the 2 Shuttered Macy’s Stores in San Francisco by Wolf Richter • Jun 26, 2017 • 83 Comments The collapse of brick-and-mortar retail becomes a real-estate question.
The Economy Is Suffocating, Major Adjustment Period Coming by Wolf Richter • Jun 25, 2017 • 75 Comments “The debt needs to blow up. It needs to go way. There is too much debt, globally.” Wolf Richter on the X22 Report.
Haunting Photos of Shuttered Stores on Madison Avenue by Wolf Richter • Jun 24, 2017 • 143 Comments Brick & Mortar Meltdown reaches “Crown Jewel in American retailing.”
Two Italian Zombie Banks Toppled Friday Night by Wolf Richter • Jun 23, 2017 • 75 Comments ECB Shuts Down Veneto Banca and Banca Popolare di Vicenza.
Credit-Card Debt Slaves Move to Top of Fed’s Bank Worries by Wolf Richter • Jun 23, 2017 • 115 Comments Projected losses at the top 34 banks in a “severely adverse scenario.”
Sears Canada Melts Down by Wolf Richter • Jun 22, 2017 • 42 Comments Goes Bankrupt. Lays Off 2,900 People. Shareholders rue the day.
Rising Wages Scare the Fed: “We Need to Get on with This” by Wolf Richter • Jun 21, 2017 • 99 Comments QE-Unwind may start in September.
