July 9, 2015
Sears just sold its last asset that had any real value. Trouble ahead?
The $2.7 billion in proceeds will be used to help the department store operator continue its turnaround as it transitions to an asset-light model.
The cash is badly needed, with Sears burning through more than $1 billion a year....
Burnin' stuff. Smokin' side mirrors. Turnin' around a bunch. Goin' places in place. Impressin' the ladies.
Welcome to the donut black car hole.
On Recession Calls
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From March 2013: Business Cycles and Markets
I've been asked several times about the recent ECRI recession call
(obviously I disagreed with their incorrect...
17 hours ago
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