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Flying Is About To Get Even More Miserable...Well, At Least For Poor People
At a time when you would think the airlines would be a little more image conscious, you know because of that whole beating customers and dragging them off the plane thing that United did, they're...
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"The Retail Bubble Has Now Burst": A Record 8,640 Stores Are Closing In 2017
“Thousands of new doors opened and rents soared. This created a bubble, and like housing, that bubble has now burst.” - Richard Hayne, Urban Outfitters CEO, March 2017The devastation in...
View ArticleFrontrunning: June 9
UK voters deal May a crushing blow (Reuters)May Fights to Remain U.K. Premier After Election Debacle (BBG)Warning of U.S. desertion, EU chief calls for European defense (Reuters)EU Turns Schadenfreude...
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2017 Will Be The Worst Year For US Retail In History
Authored by Michael Snyder via The Economic Collapse blog,Not even during the worst parts of the last recession did things ever get this bad for the U.S. retail industry. As you will see in this...
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Venezuela's Maduro Says Armed Group "Started A Coup", Used Helicopter To Drop...
In an incident that is oddly reminiscent to the "failed coup" in Turkey from last June, late on Tuesday a rogue Venezuelan police helicopter strafed the Supreme Court and the interior ministry on...
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"Rogue" Policeman Who Attempted "Venezuela Coup" Is A "James Bond-Cum-Rambo"...
When we reported on last night's alleged "terrorist coup" attempt by a "rogue police officer" who stole a helicopter and single-handedly attacked the Interior Ministry and the Supreme Court in...
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Mall Stocks Hammered As Even Cheap Make-Up Fails To Lure Customers
This morning's announcement of Abercrombie's failed sale process served as a startling reminder of just how toxic mall-based retailers have become to investors in the post-Amazon era. News that not a...
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Japan GDP Surges 4%, Most In Two Years, On Jump In Government Stimulus Spending
Japan's economy grew by 1% sequentially, and 4% on an annualized basis in Q2, smashing expectations of a 2.5% print and well above the upward revised 1.5% in the first quarter; it was also the the...
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"Millennials Don't Care About Logos": How Collapsing Brand Loyalty Will Allow...
Despite daily affirmations from the White House that "everything is awesome" with the economy, 2017 has been a miserable year for retailers. As Reorg First Day points out, over 30 retailers, with debt...
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Bitcoin Futures Crash Over $2000 From Open, Converge To Bitcoin Spot
Update: Bitcoin and Bitcoin Futures have collapsed since the futures opened...Dropping over $2200 to converge with spot...* * *Both CME and CBOE Bitcoin Futures contracts opened above $20,000 this...
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