Just in Time for Holiday Shopping Season: UK Fashion Giant Arcadia Crashes into Bankruptcy by Nick Corbishley • Dec 1, 2020 • 34 Comments Asset stripping by its owner, years of brick-and-mortar meltdown, topped off by the Pandemic. Suppliers, landlords, and pensioners twist in the wind.
Status of the Social Security Trust Fund, Fiscal 2020: Beware of Vicious Dog by Wolf Richter • Oct 10, 2020 • 248 Comments Will Social Security Be There for You? Yes, but…
Great Time to Turn a Nest Egg into Scrambled Eggs by Wolf Richter • Sep 16, 2020 • 128 Comments It just looks so tempting. (Transcript of my podcast).
How Negative Interest Rates Sap Consumer Spending by an Ever Larger Part of Consumers by Nick Corbishley • Aug 19, 2020 • 122 Comments Over-65s, a large and growing demographic in Europe, are cutting their spending at worst possible time as NIRP eats into savings, pensions, investments, and annuities.
What Worries me About “Hedonic Quality Adjustments” by Wolf Richter • Dec 5, 2019 • 80 Comments An arcane device that impacts so much and papers over the struggles many Americans face in a world that’s becoming increasingly unaffordable for them
Will Social Security Be There for You? Status of the Social Security Trust Fund in Fiscal 2019 by Wolf Richter • Oct 13, 2019 • 176 Comments “Don’t rely on Social Security”: Inflation adjustments are punitively low, and benefits become more inadequate as you age.
Treasury’s Weak Denial Acts as Confirmation: US Weighs Crackdown on Capital Flows to Chinese Companies, Stocks & Bonds, Listed in the US or China by Wolf Richter • Sep 28, 2019 • 115 Comments Stocks of Chinese companies listed in the US have turned into a fiasco.
After Years of Crisis in Spain, Pensioners Next to Feel the Pain by Don Quijones • Feb 21, 2018 • 37 Comments Doubts emerge as to who is saving whom.
Sear’s Bankruptcy, Who Gets the Real Estate, and How the Pension Fund Got Hung Out to Dry Invade Mnuchin’s Senate Confirmation Hearing by Wolf Richter • Jan 20, 2017 • 94 Comments “You were a Director at Sears for 12 years where you had oversight over the administration and investment in the pension fund.”
US Pension Crisis: This is How Families Get Squeezed to Bail Out Pension Funds in Chicago by Wolf Richter • Nov 17, 2016 • 99 Comments Coming to a municipality near you.
