Silver as an investment

Category Archives: Bankruptcy

Would This Have Happened Under President Hillary? Holiday Retail Sales Soar Compare To Last Year

We are nearly a year into Donald Trump’s presidency, and the economic numbers continue to look quite good.  On Monday, we learned that U.S. retail sales during the holiday season are projected to be way up compared to 2016.  Yes, there are all sorts of economic red flags popping up all over the place, and […]

Now That Xmas Is Over – Mapping The US States With The Most People In Debt

With Americans left with only one option – indentured servitude – to maintain any semblance of normal quality of life – especially at Christmas – we thought it worthwhile considering which US States have the most people in debt. Using data from anonymous consumer-level records from a major credit bureau, the Urban Institute was able […]

We Have Tripled The Number Of Store Closings From Last Year, And 20 Major Retailers Have Closed At Least 50 Stores In 2017

This article was originally published by Michael Snyder at The Economic Collapse Did you know that the number of retail store closings in 2017 has already tripled the number from all of 2016? Last year, a total of 2,056 store locations were closed down, but this year more than 6,700 stores have been shut down so far. That absolutely shatters the all-time record […]

We Have Tripled The Number Of Store Closings From Last Year, And 20 Major Retailers Have Closed At Least 50 Stores In 2017

Did you know that the number of retail store closings in 2017 has already tripled the number from all of 2016?  Last year, a total of 2,056 store locations were closed down, but this year more than 6,700 stores have been shut down so far.  That absolutely shatters the all-time record for store closings in […]

As America Gives Thanks, Homelessness Continues To Set New Records In Major Cities All Over The Nation

If the economy is doing just fine, then why is homelessness at levels not seen “since the Great Depression” in major cities all over the country?  If the U.S. economy was actually in good shape, we would expect that the number of people that are homeless would be going down or at least stabilizing.  Instead, […]

India’s $207 Billion Mess Is Once-In-A-Lifetime Opportunity For Asia’s Richest Banker

In October, we discussed Indian Prime Minister, Narendra Modi’s, decision to hand over $32bn to recapitalise India’s state banks. The motivation was India’s slowing growth rate and the need to add one million Indians to the workforce every month. Crippled by massive bad debts, the state-owned banks were struggling to extend more credit to the […]

Is Tesla On The Verge of Bankruptcy?

market-ticker.org / by Karl Denninger / 2017-11-19  If you want one of their alleged “Super-Roadsters” you need to ante up $5,000 now plus $245,000 more within 10 days by wire transfer. Note that the car will not be “ready” and “deliverable” for three years according to Master Touter Musk. What happens if “three years” turns into “never”? You flushed $250,000 […]

Is This The Tesla Killer?

zerohedge.com / by Tyler Durden / Nov 16, 2017 We all know the story behind Fisker, it was one of the world’s first plug-in hybrid electric vehicles in 2008, and even had a legal spat between Tesla, but shortly after in 2012 the company crashed and burned in bankruptcy. Last year, Henrik Fisker decided to relaunch his brand. He thought […]

Why America’s Retail Apocalypse Could Accelerate Even More In 2018

Is the retail apocalypse in the United States about to go to a whole new level?  That is a frightening thing to consider, because the truth is that things are already quite bad.  We have already shattered the all-time record for store closings in a single year and we still have the rest of November […]

The Economy Is Okay? U.S. Retail Store Closings Hit A New Record High As West Coast Homelessness Soars

If the U.S. economy is doing just fine, why have we already shattered the all-time record for retail store closings in a single year?  Whenever I write about our “retail apocalypse”, many try to counter my arguments by pointing out the growing dominance of Amazon.  And I certainly can’t deny that online shopping is on […]