Business

We've spent a lot of time of late talking about the retail implosion currently underway in the United States courtesy of a massive oversupply of retail square footage and a simultaneous shift in demand toward more online purchases.  In fact, we recently highlighted a report from Credit Suisse which suggested that nearly 9,000 retail locations could permanently close their doors in 2017, the most since at least 2000.

Authored by Ronald-Peter Stoferle via The Mises Institute,

The attacks on physical cash from a phalanx of economists, central bankers, commercial banks, and politicians have not diminished in recent years. On the contrary, in the face of the worldwide increase in terror attacks, particularly in Europe, and ongoing pressure on public budgets, the cash ban issue is increasingly dragged into the spotlight.

Authored by Stephen McBride via MauldinEconomics.com,

The Fed’s hope was that quantitative easing would stimulate economic growth. But a former senior economist for the Fed believes it has done the exact opposite.

Perhaps impacted by Amazon's Whole Foods' deal, Blue Apron just priced its IPO at $10 (30 million shares).

Blue Apron Holdings #IPO - $APRN $IPO priced 30mm shares at a price of $10.00, and will debut tomorrow (6/29).

— IPO Boutique (@IPOBoutique) June 28, 2017