Bankruptcies, Business Failures, Layoffs, etc

[Guard Dad]

Rite Aid Closes a Quarter of Stores as It Navigates Bankruptcy​

Rite Aid Closes a Quarter of Stores as It Navigates Bankruptcy

(Bloomberg) -- Rite Aid Corp. is working to complete a deal with lenders to exit bankruptcy. But even with a rescue deal in hand, the ailing pharmacy chain is poised to to be significantly smaller.Most Read from BloombergEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventSaudi Arabia...

finance.yahoo.com

 

[Guard Dad]

Report: Another huge radio company faces Chapter 11 bankruptcy​

https://www.thestreet.com/retail/report-3-huge-media-companies-face-chapter-11-bankruptcy

 

[Guard Dad]

BRICS: Major Crash for US Economy Has Begun, Expert Says

BRICS: Major Crash for US Economy Has Begun, Expert Says

AS BRICS continue to seek dollar alternatives, a major crash for the US economy has begun, according to one expert

watcher.guru

 

[J-man]

BRICS: Major Crash for US Economy Has Begun, Expert Says​

​

BRICS: Major Crash for US Economy Has Begun, Expert Says

AS BRICS continue to seek dollar alternatives, a major crash for the US economy has begun, according to one expert

watcher.guru

He’s probably not wrong, we all know our current path is not sustainable. He sells books and makes his rounds on the talk show circuit while pushing gold and bitcoin as he arrogantly chides anyone who gives him any push back. Like I said, he’s probaby right but aren’t we all? I just care for the guy.

 

[J-man]

Good read if you have a minute:

When "Making It" Becomes Hopeless | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[MacDaddy]

Interesting read. I agree with the article, would have liked to have seen them dig more into how social media has made the situation worse. I would hate to be starting out and trying to figure how to buy a first or second home, how to afford kids, etc.

 

[Guard Dad]

Meet the group preparing for a Soviet Union-type collapse of the US economy​

Meet the group preparing for a Soviet Union-type collapse of the US economy

Opinions fluctuate on the economy, but one group has a decidedly strong take.

www.businessinsider.com

 

[Guard Dad]

'The economy and stock market have never seen anything like this': There's an unprecedented number of recession signs flashing, veteran strategist says

'The economy and stock market have never seen anything like this': There's an unprecedented number of recession signs flashing, veteran strategist says

The next recession has likely been postponed by the trillions of stimulus spent during the pandemic, according to one Wall Street vet.

www.businessinsider.com

 

[Guard Dad]

Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady

https://www.cnbc.com/2024/05/14/powell-says-inflation-has-been-higher-than-thought-and-expects-rates-to-hold-steady.html

 

[The Sound Guy]

Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady​

​

https://www.cnbc.com/2024/05/14/powell-says-inflation-has-been-higher-than-thought-and-expects-rates-to-hold-steady.html

Stagflation. They done broke it now.

 

[Guard Dad]

Stagflation. They done broke it now.

They've just jacked up interest rates instead of fixing the actual cause of inflation.

Many of us here said this would happen.

 

[Boss 302]

They've just jacked up interest rates instead of fixing the actual cause of inflation.

Many of us here said this would happen.

It's the Jimmy Carter administration all over again.

 

[Guard Dad]

Red Lobster sells entire contents of two Georgia locations for $15K each

Red Lobster sells entire contents of two Georgia locations for $15K each

The price included everything from lobster traps to crabby utensils.

www.11alive.com