Archive for the ‘Economics’ Category
Nordstrom inventory is stale and not moving, profits are forecasted to be 30% down in the first two quarters this year, and 400 employees at corporate HQ are getting the pink slip. Additionally, Intel is cutting 12,000 jobs. This is added to the long list of retail closings and layoffs just since mid-2015. The cuts confirm [...]
A Bloomberg article, “The world is getting fatter and no one knows how to stop it,” blathers on about how world governments will centrally manage obesity, with one avenue being the bureaucratic analysis of the ”negative” impact that free trade has upon health outcomes, and hence the centralized management of trade via tariffs, taxation, and policy. Another Bloomberg [...]
A brand new luxury hotel in Cotulla, Texas went up for auction after being open for just a tad over one year. Things are unraveling in the oil fields of Oklahoma, which slashed its entire state budget 7 percent, and in the boardrooms of North American energy companies, 48 of which have gone bankrupt so [...]
An oldie but goodie from The Onion in 2008. The current economic woes, brought on by the collapse of the so-called “housing bubble,” are considered the worst to hit investors since the equally untenable dot-com bubble burst in 2001. According to investment experts, now that the option of making millions of dollars in a short [...]
The auto bubble and its potential for collapse is finally getting attention. To quote: The rate of seriously delinquent subprime car loans soared above 5% in February, according to Fitch Ratings. That’s worse than during the Great Recession and the highest level since 1996. It’s a surprising development given the relative health of the overall economy. [...]
This article from The Economist is a parody without the author even knowing it: “Building more houses is only part of the remedy for high prices.” This is about the British housing market, but the same mentality applies here. I WANT to hammer home a point that we made in a piece a few weeks ago. Whenever [...]
In one cartoon frame.
This morning’s Inflation Street Journal news alert. This is referred to as “fresh stimulus measures.” As opposed to stale measures, I suppose.
The Detroit resurrection of recent years is being tainted by the inanities of a creeping bubble, and accordingly, a multitude of poorly-allocated business investments. Once again, existing businesses have been growing at unprecedented rates and new businesses are springing up overnight, and that is in spite of many recent contractions and/or failures in the retail sector. [...]
They lived high on the hog in Bubble McMansions near Houston, the economy tied to the oil industry. And now, a very different story all over Texas. An apt quote from Zero Hedge from 2015: …what we are witnessing is not the after-effect of the “severe and protracted recession” -we are witnessing the continuation of the [...]