Sears Will Close Another 100 Stores Amid Failed Turnaround
100 of the 425 Sears and Kmart stores that financier Edward Lampert acquired out of bankruptcy are set to close by year-end…
Continue readingbankruptcy
Simon Black: Many Local Retirees In Puerto Rico Will Get Pension Cuts As Part Of Debt Restructuring
Bondholders will take a huge cut of more than 60%. But, as part of the deal, many local retirees will see their pensions cut…
Continue readingTHERE’S NO END IN SIGHT FOR THE “RETAIL APOCALYPSE”
The massive wave of store closures & layoffs in retail is very bad this year, and it’s likely to get much worse..
Continue readingMedical Debt Is Crushing Americans…Is The Health Care System On The Verge Of Collapse?
Health care expenses are a massive burden for many Americans, and for some, they can be financially devastating…
Continue readingMiddle Class Death Spiral: Consumers Have Never Been In More Debt, And Bankruptcies Are Surging
The middle class was supposed to experience a resurgence, but instead it has just continued to be hollowed out…
Continue readingTHE AMERICAN PUBLIC IS OVER LEVERAGED: BANKRUPTCIES ARE UP 5%
More and more Americans are getting themselves into so much debt that it becomes impossible to pay back their loans…
Continue readingCutting The Fed Funds Rate Will Trigger The End Game – RTD Quick Take
The Great Recession of 2008 didn’t just happen in one month. It took years to expose the fact that easy-money policies and lax standards on Wall Street didn’t help the economy overall. This […]
Continue readingFund Manager: Put A Fork In Tesla – It’s Done
Dave Kranzler says Tesla has been “done” for awhile but many of the Wall Street and investor “uber” bulls are finally starting to see this reality…
Continue readingAmericans Had To Borrow $88 Billion Last Year In Order To Pay For Medical Bills
Many families must borrow money when confronted with large medical expenses, and the scale at which this is happening is absolutely stunning…
Continue readingUNSUSTAINABLE: Medical Bills Cause Two-Thirds Of All US Bankruptcies
Big Pharma is making people sicker, and the middle class, NOT the poor, is who’s being wiped out by this modern medicine scam…
Continue readingThese Nine Dead Giveaways Are Telltale Signs Of Recession
I’m seeing lifestyles that are out of stock and no longer available, even in China…
Continue readingApocalyptic Debt Crisis In America: 63 Of America’s Largest 75 Cities Are COMPLETELY BROKE
A new and horrifying report details the reason why 63 of America’s largest cities are completely broke…
Continue readingBREAKING: Republic Metals Corporation (Gold & Silver Refiner/Private Mint) Files For Bankruptcy
One of the largest gold and silver refineries in the world filed for Chapter 11 Bankruptcy in Federal Court on Friday. Here are the details…
Continue readingThe Pension Crisis Is Intensifying But The MSM And Politicians Just Ignore It
Charles Hugh Smith explains why either a tax revolt or local, state and federal governments literally going broke will finally force the needed changes…
Continue readingBroke Illinois Pension System Leaves Every Resident With $11,000 Of Debt
“failure to address its pension crisis has resulted in further deterioration of the state and cities’ finances, exorbitantly high borrowing costs, and…”
Continue readingThe Pension Crisis Gets A Catchy Name: The “Silver Tsunami”
So far nobody is paying attention, but with 10,000 Baby Boomers turning 65 every day, the crisis will come crashing down like a tsunami. Here’s why…
Continue readingGreg Hunter: President Trump & British PM May Are Preparing For Joint Action In Syria
Greg says that Russia is warning it will counter-attack if Syrian or Russian troops are fired upon. Here’s the latest news coming out of Syria…
Continue readingRetail Apocalypse Watch: Sears Begins 2018 Announcing A Combined 103 Sears & Kmart Closings
The Sears (and Kmart) death spiral continues right at the start of 2018. Here’s the details…
Continue readingSimple Wisdom From One Of The Most Famous People To Go Broke
“Nearly every major asset class– property, bonds, stocks, venture capital, etc. is simultaneously at all-time highs with valuations not seen since historic crashes…”
Continue readingRetail Apocalypse Watch: Toys “R” Us To Close Up To 200 Stores Due To Collapsing Sales
So much for that record holiday consumer spending spree. Toys “R” Us is imploding…
Continue reading