Mar 27

“Don’t Say You Haven’t Been Warned”

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Mar 27

Bill Gross Awarded $81 Million In PIMCO Lawsuit Settlement

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Mar 27

Couldn’t Hit an Elephant

H/t reader squodgy:

“All part of the plan.
Destroy a Nation, then use loans from thin air to rebuild it, then destroy another nation…and so on….but eventually that ain’t enough…we gotta go for the big one…and get a few sideshows as well….this time it’s israel. Sadly the causes of the real rot in the world will avoid being caught up in it.”

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Mar 26

Thousands Of Americans Are Fleeing The Big Cities In Preparation For The Coming American Apocalypse

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Mar 26

Brazil is Handing Over the Amazon Rainforest to Mining Companies and Big Agriculture

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Mar 26

Your Pension Will Be At The Center Of America’s Next Financial Crisis

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Mar 25

H/t  reader squodgy.

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Mar 25

Russia’s Largest Bank Paid Podesta Group to Lobby Against U.S. Sanctions During 2016 Election

H/t  reader kevin a.

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Mar 25

Flashback:

Americans Not In The Labor Force Soar To Record 95.1 Million: Jump By 446,000 In One Month

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Mar 25

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Mar 24

Venezuela In Dire Straits As Oil Production Falls Further

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Mar 24

“Germany’s Dumbest Bank” Makes $5.4 Billion Transfer In Error

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Mar 24

David Rockefeller & a dark legacy in Brasil – A critical obituary

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Mar 23

The Worst Retail Cataclysm Ever: Sears Warns It Is On The Verge Of Collapse As Payless Prepares To File For Bankruptcy

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Mar 23

Sears Enters Death Spiral: Vendors Halt Shipments, Insurers Bail

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Mar 23

Food fight: Moscow extends import ban on Turkish agricultural products in response to stiff tariffs imposed on Russian products

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Mar 23

Does Sears Have a Future?

H/t reader squodgy:

“It is indeed a fair assumption that if and when the Big Names close down, the little shops who rely on the spin off trade from the Big Names, will suffer, causing terminal decline of the affected Malls.”

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Mar 23

FYI.


H/t reader kevin a.

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Mar 23

Adolf Hitler has been a Freemason and an Illuminati puppet, like Roosevelt, Churchill and Stalin.

FYI.


H/t reader kevin a.

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Mar 22

The ‘Retail Apocalypse’ Is Officially Descending upon America:

Consumerism has long been a defining element of American society, but retail giants are now shutting down thousands of their locations amid a long-anticipated “retail apocalypse,” as Business Insider describes it.

The outlet reports that over the next couple months, more than 3,500 stores are expected to close:

Department stores like JCPenney, Macy’s, Sears, and Kmart are among the companies shutting down stores, along with middle-of-the-mall chains like Crocs, BCBG, Abercrombie & Fitch, and Guess.” Continue reading »

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Mar 22

Retail Nightmare Just Won’t End: Sears Crashes On “Going Concern” Warning, Payless To File Bankruptcy In Days

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Mar 21

This will surely end ‘well’.


Accounting Change On Operating Leases To Add $3 Trillion In Debt To Corporate Balance Sheets:

From a practical perspective, operating leases are pretty much the same as debt.  They reflect a contractual obligation on the part of one counterparty to make defined stream of cash payments to another over a set period and with an implied interest rate embedded in the payment stream.  In fact, within a bankruptcy context operating leases are treated exactly the same as debt and rank pari passu with the other general unsecured obligations of a business.  That said, accounting rules treat operating leases differently than debt and do not require them to be included as a liability on a company’s balance sheet.  That is, until 2019.

As Bloomberg points out this morning, starting in 2019 new accounting rules, called IFRS 16, will force companies to include operating lease commitments as part of their reported debt obligations.  And while the end result will have far-reaching implications, the biggest will be the addition of roughly $3 trillion in debt to corporate balance sheets.

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Mar 21

Goldman Building “Robo-Adviser” For Its ‘Poor’ Clients (A.K.A. Those With Only $1 Million To Invest)

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Mar 21

Fed’s Kashkari Responds To Zero Hedge: “A Market Drop Is Unlikely To Trigger A Crisis”:

Don’t care about stock market fall itself. Care abt potential financial instability. Stock market drop unlikely to trigger crisis.”

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Mar 21

As of January 2016, the report’s authors found, there were nearly 338 gigawatts of coal power capacity under construction worldwide and another 1,085 gigawatts of capacity in various phases of permitting or planning. This is the equivalent of 1,500 large coal plants

Source

H/t reader kevin a.

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Mar 21

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Mar 21

FYI.


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Mar 20

The Global Famine Begins: UN Announces That The Worst Food Crisis Since World War II Is Happening Right Now:

We always knew that this would start happening.  Earlier this month, I wrote about the severe economic problems that are plaguing South America, but up to this point I have neglected to discuss the horrific famines that are breaking out all over Africa.  Right now there is a desperate need for food in South Sudan, Somalia, northeast Nigeria, Eritrea and Kenya.  And Yemen, even though it is not technically part of Africa, is being affected by many of the same factors that are crippling nations all over eastern Africa.  The United Nations says that more than 20 million people could die from starvation and disease if nothing is done.  When I write about economic collapse, this is the kind of thing that I am talking about, and we are starting to see alarming conditions spread across the globe.  Many believe that we could never possibly face this kind of food crisis in the western world, but unfortunately wishful thinking will only get you so far. Continue reading »

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Mar 20

Used Car Prices Plunge Most in Any Month Since 2008, Only 2nd February Decline in 20 Years

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Mar 19

Stocks Soared on Trump’s $1-Trillion Infrastructure Boom. But that Just Evaporated. Now What?:

Wall Street will have to go look for another mirage to hype.

During the campaign, President Trump explained that he’d fire up the economy and create jobs by spending $1 trillion on infrastructure. It’s in terrible shape and needs some big spending. It might have been material for rare bipartisan agreement.

The stock market has soared since the election, counting on this $1 trillion in new federal spending and “pricing it in.” Infrastructure stocks were hot. But by the looks of it, some folks are going to end up holding the bag… Continue reading »

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Mar 19

Coles manager asks staff to work for pizza on a Sunday — weeks after penalty rates were cut

H/t reader kevin a.

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Mar 18

Mar 17, 2017

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Mar 18

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Mar 17

Another “Recession Dead Ahead” Indicator Just Hit

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Mar 17

Bitcoin Tumbles Below Gold As China Tightens Regulations

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Mar 17

Trump, like Hillary, Obama, Bush, May, Merkel, is a Rothschild puppet.


H/t reader squodgy:

“Fascinating dot joining, backs up everything you say.”

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Mar 17

‘We are all doing it’: Employees at Canada’s 5 big banks speak out about pressure to dupe customers:

Employees from all five of Canada’s big banks have flooded Go Public with stories of how they feel pressured to upsell, trick and even lie to customers to meet unrealistic sales targets and keep their jobs.

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Mar 16

Are Collapsing Pensions “About To Bring Hell To America”?

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Mar 16

McDonalds Tweets Trump: “You Are A Disgusting Excuse Of A President, Also You Have Tiny Hands”

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Mar 16

“This Is Not The Reaction The Fed Wanted”: Goldman Warns Yellen Has Lost Control Of The Market

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