The one inescapable drag on the economy and every American taxpayer or government dependant is the interest obligation paid on the national debt. Indebtedness is nothing new to this country, but the inability to service the public debt stretches over the last half century. This trend is so disturbing that politicians […]
by Andy Hoffman, Miles Franklin:
It’s early Monday, and let’s start by clearing our heads of the ramifications of yesterday’s first round of the French Presidential election process – in which, as expected, 39-year Emmanuel Macron, a former Rothschild Bank investment banker whose only political experience was miserably failing as “Economy Minister” under […]
by Wolf Richter, Wolf Street:
As so many times, Private Equity firms are in the thick of it.
Mall traffic is sagging. Department store sales have been in decline since 2001. Most retailers are loaded up with debt. Many have been losing money. Now they’re running out of options. Store closings numbered in the […]