The Boston Globe’s The Big Picture put up 35 scenes from the recession. Tells the story well…..
As expected, November retail sales were just terrible. Here are same store sales* for some retailers: Kohl’s: -17.5% Macy’s: -13.3% JC Penney: -11.9% Neiman Marcus: -11.9% Target: -10.4% Gap: -10.0% Saks: -5.2% Costco U.S.: -2.0% Walmart U.S.: +3.0% * Last…
The worst economic crisis since the Great Depression has slashed home values and triggered an unprecedented surge in foreclosures across the nation. It’s also taking an especially harsh toll on an often overlooked demographic: seniors who are retired or nearly…
Last night, Sotheby’s (BID), the publicly traded auctioner of fine art, held its Modern and Impressionist Art auction in New York City. It didn’t go well. Of the 76 artworks up for sale only 56 sold. Total sales were $270…
I want to recommend to everybody John Mackey’s excellent commencement speech delivered at Bentley College on Saturday May 17, 2008, recently posted to his Whole Foods blog. Mackey, the Founder and CEO of Whole Foods (WFMI), was a college dropout:…
Yesterday, in a presentation to investors, Dubravko Lokas-Bujas, JP Morgan’s Chief Global Equity Strategist, called for an “out of the blue” stock market crash to finish 2024 at 4200 – about 20% below current levels. The reason he gave is…
(Via The Pragmatic Capitalist)