The latest retailer to join the "anti-Trump resistance" is near bankruptcy Sears and wholly-owned subsidiary Kmart, which on Saturday announced it was discontinuing online sales of 31 Trump Home items as part of a push to focus online sales on the most profitable items.
Sears shares soared on Friday after revealing a brutal holiday quarter, however it sparked a short squeeze after announcing plans to cut costs by as much as $1 billion in 2017 and repaying $1.5 billion in pension obligations.
When debt grows much faster than GDP for an extended period of time, it is inevitable that a good portion of that debt will start to go bad at some point. We witnessed a perfect example of this in 2008, and now it is starting to happen again.
The stock market has been on quite a roll in recent weeks, but signs of trouble continue to plague the real economy. Even though economic conditions appeared fairly stable throughout 2016, our long-term problems just continued to get even worse. So the truth is that we are more primed for a major crisis today than we have been at any point since the last recession.
Facebook just can't seem to catch a break lately. From questionable privacy policies and mass data collection of its users to its handling of the so-called "Fake News" epidemic, Mark Zuckerberg is pissing off a lot of people these days.