Retail woes spread across all price points

Because of yesterday’s monumental news the Richmond Fed President Jeffrey Lacker immediately resigned for leaking Fed information before it was released, I did not write on two huge developments in US retailing that point to the troubling economy. Ralph Lauren — the iconic US retailer — is closing its flagship Manhattan store on 5th Avenue […]

Saving Private Equity

By MICHAEL GRAY Treasury Secretary Tim Geithner is said to be looking to the fox to help rebuild the hen house. Treasury officials are said to be asking private-equity  and hedge fund money to step in and create trading ranges for some assets, which may be the true shock and awe of the plan that […]