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.
Is Amazon Eating UPS’s lunch? by Wolf Richter • Jun 21, 2017 • 89 Comments You’d think Amazon’s surging sales would be a boost for UPS. But no.
This Will Whack US Auto Component Manufacturers by Wolf Richter • Jun 20, 2017 • 128 Comments New CEO Cuts Costs: Ford shifts production of compact car from Michigan and Mexico to China.
Hong Kong Warns: Its Housing Bubble is a “Dangerous Situation” by Wolf Richter • Jun 20, 2017 • 42 Comments The HK dollar is pegged to the US dollar. HK monetary policy follows the Fed. And the Fed is raising rates.
Argentina (!) Sells 100-Year Dollar-Denominated Junk Bonds by Wolf Richter • Jun 20, 2017 • 35 Comments What have central banks wrought?
The Fed is on a Mission, Doesn’t Worry about Markets: New York Fed’s Dudley by Wolf Richter • Jun 19, 2017 • 35 Comments Oh my, how things have changed since late last year.
