Retail Apocalypse Engulfs US Economy
Retail bankruptcies for 2017 also already exceed the entire year of 2016, and we’re only halfway through the year. One Moody’s market analyst writes that retailers on the credit-rating agency’s endangered species list looks like The Perfect Storm:One of the commenters:You may not see it yet, but the scale of the retail apocalypse is so massive that it is about to engulf the US economy. As when a flood tide has crept around you on all sides while you were standing on a high spot out on the flats, not paying attention, you can look up now and see it all around you, and it is coming in rapidly. You can now feel the current under your toes.
And it's official today. That didn't take long.I believe I heard that if Amazon's stock goes to $1050/share, Bezos becomes the richest man in the world. Crazy.
http://www.skidie.com/rothschild-just-pulled-a-lot-of-money-out-of-the-us/Lord Jacob Rothschild, founder and chairman of RIT Capital Partners, has substantially minimized his exposure to what he views as a risky and unstable U.S. capital market. In the half-yearly financial report for RIT Capital Partners, Rothschild explained the company’s aggressive moves to significantly reduce exposure to U.S. assets.
They killed the quarter.Well looks like he is back on top.With $90 billion, Jeff Bezos is now the richest man in the world
Their head is in the cloud - or Cloud? Either way, it's primarily the Azure business driving this up I think. I think all areas were up, but this is the biggest area for growth the company has - including business related products now being offered on azure subscriptions. The more fricken consumer products I wish had been kept around that get killed off the higher the stock goes.Speaking of killing it, Microsoft is doing really really well! Boarder must be working overtime. Kudos to your company.
I'm still waiting for Microsoft's Cloud OS. I called it years ago and I know it will come.Their head is in the cloud - or Cloud?
About 29 Dairy Queen locations are shuttering, after a franchisee files for bankruptcy.
Speaking of Buffett, he made half a billion dollars yesterday on Apple's gains. Not a bad day.DQ is a subsidiary of Berkshire Hathaway, which of course is Warren Buffett. He'll be fine. DQ's franchises are owned by individual people who pay a fee to own the business. And that particular dude who owned 29 of them filed for bankruptcy. That would take a lot of coin to own 29. Berkshire Hathaway is one of the best stocks in the world to own by the way.