Sears

Tyler Durden's picture

No Janet Yellen, The Economy Is Not "Getting Better"





On Tuesday, new Federal Reserve Chairman Janet Yellen went before Congress and confidently declared that "the economic recovery gained greater traction in the second half of last year" and that "substantial progress has been made in restoring the economy to health".  This resulted in glowing headlines throughout the mainstream media such as this one from USA Today: "Yellen: Economy is improving at moderate pace".  Sadly, tens of millions of Americans are going to believe what the mainstream media is telling them.  But it isn't the truth.  As you will see below, there are all sorts of signs that the economy is taking a turn for the worse.

 
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28 Signs That The Middle Class Is Heading Towards Extinction





The death of the middle class in America has become so painfully obvious that now even the New York Times is doing stories about it.  Millions of middle class jobs have disappeared, incomes are steadily decreasing, the rate of homeownership has declined for eight years in a row and U.S. consumers have accumulated record-setting levels of debt.  Being independent is at the heart of what it means to be "middle class", and unfortunately the percentage of Americans that are able to take care of themselves without government assistance continues to decline.  In fact, the percentage of Americans that are receiving government assistance is now at an all-time record high.  This is not a good thing. Anyone that tries to tell you that the middle class is going to be "okay" simply has no idea what they are talking about.  The following are 28 signs that the middle class is heading toward extinction...

 
Tyler Durden's picture

You Can Buy A House For One Dollar Or Less In Economically Depressed Cities All Over America





Would you like to buy a house for one dollar? If someone came up to you on the street and asked you that question, you would probably respond by saying that it sounds too good to be true. But this is actually happening in economically-depressed cities all over America. Of course there are a number of reasons why you might want to think twice before buying any of these homes...

 
Tyler Durden's picture

Frontrunning: January 30





  • Only time will define Bernanke's crisis-era legacy at Fed (Reuters)
  • Record Cash Leaves Emerging Market ETFs (BBG)
  • Investors Look Toward Safer Options as Ground Shifts (WSJ)
  • Fed Policy Makers Rally Behind Tapering QE as Yellen Era Begins (BBG)
  • Rating agencies criticise China’s bailout of failed $500m trust (FT)
  • Russia to await new Ukraine government before fully implementing rescue (Reuters)
  • U.S. readies financial sanctions against Ukraine: congressional aides (Reuters)
  • Companies resist president’s call for minimum wage rise (FT)
  • Secret Swiss Funds at Risk as Italy’s Saccomanni Visits Bern (BBG)
  • Top Democrat puts Obama trade deals in doubt (FT)
  • Erdogan to Give Rate Increase Time Before Trying Other Plans (BBG)
 
Tyler Durden's picture

20 Early Warning Signs That We Are Approaching A Global Economic Meltdown





Have you been paying attention to what has been happening in Argentina, Venezuela, Brazil, Ukraine, Turkey and China?  If you are like most Americans, you have not been.  Most Americans don't seem to really care too much about what is happening in the rest of the world, but they should.  In major cities all over the globe right now, there is looting, violence, shortages of basic supplies, and runs on the banks.  We are not at a "global crisis" stage yet, but things are getting worse with each passing dayMany have felt that 2014 could turn out to be a major "turning point" for the global economy, and so far that is exactly what it is turning out to be.  The following are 20 early warning signs that we are rapidly approaching a global economic meltdown...

 
Tyler Durden's picture

The Sad, But True, Human Story Behind The Dismantling Of Once Iconic Sears





"I am a former employee of Sears Holdings/K-Mart. I live in Streator, Illinois and our store was “liquidated” in early 2013. There are a lot of “ironies” affiliated with our particular store closure that I would like to make you aware of...

As for Eddie Lampert, I hope he enjoys his exclusive island mansion and all of the perks that he’s afforded off the backs of people like me. I just hope I can find another job soon because I’m clearly one of the “little people” in his world that would just like to know my light bill will get paid."

 
Tyler Durden's picture

What Recovery? Sears And J.C. Penney Are Dying





Two of the largest retailers in America are steamrolling toward bankruptcy.  Sears and J.C. Penney are both losing hundreds of millions of dollars each quarter, and both of them appear to be caught in the grip of a death spiral from which it will be impossible to escape.  Once upon a time, Sears was actually the largest retailer in the United States, and even today Sears and J.C. Penney are "anchor stores" in malls all over the country. They are both shutting down unprofitable stores and laying off employees in a desperate attempt to avoid bankruptcy, but everyone knows that they are just delaying the inevitableThese two great retail giants are dying, and they certainly won't be the last to fall.  This is just the beginning.

 
Tyler Durden's picture

After Seven Lean Years, Part 2: US Commercial Real Estate: The Present Position And Future Prospects





The first installment of our series on U.S. real estate by correspondent Mark G. focused on residential real estate. In Part 2, Mark explains why the commercial real estate (CRE) market is set to implode. The fundamentals of demographics, stagnant household income and an overbuilt retail sector eroded by eCommerce support only one conclusion: commercial real estate in the U.S. will implode as retail sales and profits weaken. 

 
Tyler Durden's picture

Frontrunning: January 16





  • Charter, Comcast in renewed talks on Time Warner Cable bid (Reuters)
  • Bankers' Stock Awards Jet Higher (WSJ)
  • Yahoo CEO Mayer Dismisses Operating Chief De Castro (BBG)
  • Amazon Employees Vote to Reject Union (Reuters)
  • Luxury in China loses luster as wealthy flee (Reuters)
  • UnitedHealth Profit Up on Stronger Enrollments (WSJ)
  • U.S. government failed to secure Obamacare site: experts (Reuters)
  • Spain Sells Bonds at Record-Low Yield as Rajoy Touts Rebound (BBG)
  • Newport Beach’s $100,000 Lifeguards Feel Pension Squeeze (BBG)
  • Bailed-Out Euro Nations Expect Painful Challenges to Remain (BBG)
 
Tyler Durden's picture

Frontrunning: January 14





  • House Unveils $1.01 Trillion Measure to Fund Government (BBG)
  • Credit Suisse Tells Junior Bankers to Take Saturdays Off (BBG)
  • Spot the odd word out: ECB Sees Bad-Debt Rules as Threat to Credible Bank Review (BBG)
  • Insert laugh track here: Spain GDP grows at fastest pace in almost six years (FT)
  • Scandinavian Debt Crisis Waiting to Happen Puzzles Krugman (BBG)
  • Fed Said to Release Plan to Limit Banks’ Commodities Activities (BBG)
  • Thai Protesters Extend Blockade After Rejecting Poll Talks (BBG)
  • China provinces set lower growth goals for 2014 (BBG)
 
Tyler Durden's picture

Amazon Hints At Its Global Domination Strategy





While Amazon's online business is booming (in revenues - but decidedly not profits), its somewhat sunning inactions at CES this past week raised more than a few eyebrows. Quietly and with no grandiose Michael-Bay-style presentation, Wired reports the 'we-can-make-a-profit-any-time-we-like-if-we-really-wanted' company placed an Amazon Vending Machine at the Las Vegas Airport. As Wired continues, any foray by Amazon into the world of offline retail is a big deal... when Amazon ventures into the physical world - whether with in-store delivery lockers or grocery trucks or vending machines - the company’s sheer scale and ambition demand that you think in terms of world domination. Hhmmm...

 
ilene's picture

Merger Monday – Suntory Buys Beam for 25% Premium ($16Bn)





SHLD is making the cut for one of my top 3 picks of 2014.

 
Tyler Durden's picture

Frontrunning: January 10





  • From the guy who said the market is not overvalued: Q&A with Fed’s Williams on Upbeat 2014 Outlook and What Keeps Him up at Night (Hilsenrath)
  • Obama Readies Revamp of NSA (WSJ)
  • Indian envoy leaves U.S. in deal to calm diplomatic row (Reuters)
  • China overtakes US as largest goods trader (FT)
  • Wall Street Predicts $50 Billion Bill to Settle U.S. Mortgage Suits (NYT)
  • Low-End Retailers Had a Rough Holiday: Family Dollar, Sears Struggle as Lower-Income Customers Remain Under Pressure (WSJ)
  • ECB charts familiar course as Japan, US and UK begin to diverge (FT)
  • Housing experts warn of hiccups as new U.S. mortgage rules go live (Reuters)
  • It's a HFT eat HFT world: Infinium ex-employees sue over $4.1m loss (FT)
  • Slowing China crude imports to challenge exporters (FT)
 
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