Category Archives: Bankruptcy

Dead Meat Walking: Sears Revenue & Store Count to Hit Zero by 2020

Dead Meat Walking: Sears Revenue & Store Count to Hit Zero by 2020 | Wolf Street https://wolfstreet.com/2018/09/13/dead-meat-walking-sears-on-track-to-zero-revenues-zero-stores-by-2020/ Re-posted from Wolf Street. Geoff Geoff Comments: Sears is ready to be put in a box and buried…

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Why the triple digit increase in seniors filing for bankruptcy?

Why the triple digit increase in seniors filing for bankruptcy? https://www.theburningplatform.com/2018/09/06/why-the-triple-digit-increase-in-seniors-filing-for-bankruptcy/ Re-posted from The Burning Platform. Geoff Geoff Comments: Seniors earn very little on their savings, their medical costs keep rising, inflation keeps robbing them, emergencies can swamp them… That’s … Continue reading

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Household Debt Hits Record High $13.29 Trillion Led by Mortgages, Student Loans

Household Debt Hits Record High $13.29 Trillion Led by Mortgages, Student Loans – Mish Talk https://moneymaven.io/mishtalk/economics/household-debt-hits-record-high-13-29-trillion-led-by-mortgages-student-loans-CY9ZW1ddnEKUAcBjk5GYvQ/ Re-posted from Mish Talk. Geoff Geoff Comments: Not pretty through any lens…

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Bankrupt America: Bankruptcy Soars As The Country Grapples With An Unprecedented Debt Problem

Bankrupt America: Bankruptcy Soars As The Country Grapples With An Unprecedented Debt Problem http://theeconomiccollapseblog.com/archives/bankrupt-america-bankruptcy-soars-as-the-country-grapples-with-an-unprecedented-debt-problem Re-posted from The Economic Collapse Blog. Geoff Geoff Comments: Americans are carrying an unsustainable debt load, they need to show spending restraint, it has reached a … Continue reading

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San Juan: The Venezuelan city where nothing works anymore

San Juan: The Venezuelan city where nothing works anymore https://www.yahoo.com/news/san-juan-venezuelan-city-where-nothing-works-anymore-012518674.html Re-posted from Yahoo. Geoff Geoff Comments: This causes you to wonder why the socialist movement is so popular here in the USA…

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Spotlight Danville, Illinois, My Home Town: Bankrupt

Spotlight Danville, Illinois, My Home Town: Bankrupt – Mish Talk https://moneymaven.io/mishtalk/economics/spotlight-danville-illinois-my-home-town-bankrupt-sDRUoZ0y2E2s-kolbEzx6w/ Re-posted from Mish Talk. Geoff Geoff Comments: Unfortunately, Danville looks to be the norm, rather than the exception… Under-funded pensions and poorly run states & municipalities create a bleak … Continue reading

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America, The Insolvent

America, The Insolvent | Zero Hedge https://www.zerohedge.com/news/2018-07-21/america-insolvent Re-posted from Zero Hedge. Geoff Geoff Comments: Not ‘going to be,’ or,  ‘if we don’t do something,’ the operating verb ‘is,’ is appropriate, we ARE insolvent…  

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Bankrupt Chicago Ponders Universal Basic Income, Obama Sings Hallelujah

Bankrupt Chicago Ponders Universal Basic Income, Obama Sings Hallelujah – Mish Talk https://www.themaven.net/mishtalk/economics/bankrupt-chicago-ponders-universal-basic-income-obama-sings-hallelujah-dmxAXKLqY0aaMaSG-s1s4w/ Re-posted from Mish Talk. Geoff Geoff Comments: Chicago, as it was going bankrupt, did what all liberal entities do, it embraced socialism, which is the step just … Continue reading

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More Toys R Us stores went up for sale. Here’s what’s moving in

More Toys R Us stores went up for sale. Here’s what’s moving in https://www.cnbc.com/2018/06/14/more-toys-r-us-stores-went-up-for-sale-heres-whats-moving-in.html Re-posted from CNBC. Geoff Geoff Comments: The process of removing , replacing, and expanding…

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Did the Bankruptcy of Detroit & Stockton Hurt their Economy?

Did the Bankruptcy of Detroit & Stockton Hurt their Economy? | Wolf Street https://wolfstreet.com/2018/04/20/did-the-bankruptcy-of-detroit-stockton-hurt-their-economy/ Re-posted from Wolf Street. Geoff Geoff Comments: No, and that could be a problem…

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