I Hope They Stiff the Bondholders For Every Penny
Bill Quick

Sucker Bet by Stephen Eide, City Journal March 29, 2015 Finally, Orr, who directed Detroit’s bankruptcy, has acquired a reputation for lacking respect for the legal rights of creditors. Past comments about “these Huns on Wall Street” will cause Atlantic … Continue reading

Money to Burn
Bill Quick

Sweden cuts rates below zero as global currency wars spread – Telegraph Sweden has cut interest rates below zero and launched quantitative easing to fight deflation, becoming the latest Scandinavian state to join Europe’s escalating currency wars. The Riksbank caught … Continue reading

Unforeseeable
SteveF

Venezuela leader orders takeover of supermarket chain Venezuelan President Nicolas Maduro on Friday ordered the government takeover of a private supermarket chain, accusing the company of food hoarding amid huge lines and shortages in the crisis-hit country. Well, that should … Continue reading

Drain, Meet Circle
Bill Quick

These Are The RadioShack Stores That Are Closing Yes, it’s true: after somehow clinging on for the last few years, RadioShack is finally, officially bankrupt. But that doesn’t mean that every single store will be vanishing — far from it, … Continue reading