Airbnb Just Made Itself Even More Unpopular in Barcelona by Don Quijones • Jun 26, 2017 • 52 Comments Organized criminals from Russia are subletting apartments to tourists, as locals struggle with soaring rents.
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.
Contagion from the 2 Friday-Night Bank Collapses in Italy? by Don Quijones • Jun 25, 2017 • 75 Comments This is how desperate the Italian Banking Crisis has become.
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.”
EU Political Class Rides Roughshod over Citizens’ Concerns & Frustrations as it Pushes Integration by Don Quijones • Jun 22, 2017 • 36 Comments Even the “elite” is not totally on board.
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.