So, BHS, Austin Reed, Intel and others are going into bankruptcy and firing a lot of staff.
BHS has taken on a left wing narrative, that Philip Green is the big bad CEO that has screwed his employees. No, Philip Green is a middle man. It is standard practice for CEO's to get a large payoff when they leave, this time it is different because there is a severe impact, why?... That why is what the mainstream media narrative is distracting us from.
So, financially, these retailers going bankrupt, what does this mean?
It means that they are not getting debt to bail themselves out. Perhaps their bonds are not being brought. Because investors don't think they are a good deal, because there are too many of them? Whatever the reason, if the bonds aren't being brought, this is the end for the global economy!
Unless of course, Mario Draghi can save the world through ECB buying corporate bonds.