Sharpest decline in new work since March 2009
New orders fall at fastest pace for over ten years in August… https://www.markiteconomics.com/Public/Home/PressRelease/0eb246b93e744b8c9c7dd33596b6264c
Month: September 2019
Global Recession Coming
via mishtalk: The economies of China’s neighbors suffer, starting with manufacturers of high-tech equipment. On Sunday, Trump decided to go ahead with new tariffs of 15% on clothing and other Chinese imports totally about $111 billion. The new tariffs are in addition to the 25% tariffs previously imposed on about $250 billion of Chinese imports. No … Read more
McDonald’s is spending nearly $1 billion in 2019 to add ordering kiosks and other tech to stores.
via CNBC: Panera Bread loses close to 100% of its workers every year. For fast-food chains employee turnover runs as high as 130% to 150%, according to industry measures. McDonald’s is spending nearly $1 billion in 2019 to add ordering kiosks and other tech to stores. Some experts believe it is inevitable that fast food … Read more
5 reasons to remain bullish
by WSBConsensus 1) Fed is easing, but without HY spreads or jobless claims spiking, both of which typically deteriorate into a recession. Crucially, if initial Fed cuts are not followed by a recession, the next 3, 6 and 12 months equity returns were historically very strong– 2) Global activity momentum is likely to look better … Read more
Michael Burry takes activist position in $TLRD
by invest2018 http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=13622252&RcvdDate=8/30/2019&CoName=TAILORED%20BRANDS%20INC&FormType=SC%2013D&View=html Stock is down over 60% YTD for no good reason. People claim that workplace casual is killing $TLRD, but workplace casual has been trending for the past decade and the company has still posted growth numerous times throughout the decade. Demand for suits will always be there because of weddings, funerals, bar … Read more
Making Money, Moving Money: The World’s Financial Services Exports
by howmuch International trade has been in the news lately, with a growing standoff between not just the United States and China, but even the U.S. and Europe. The focus of these headlines is usually on trade in agriculture and physical goods, but trade in financial services matters too, and has its own looming issues. Total global exports … Read more
Forget the Russians: It’s the Federal Reserve Seeking to Meddle in Our Elections
by ron paul The US Constitution never granted the federal government authority to create a central bank. The Founders, having lived through hyperinflation themselves, understood that government should never have a printing press at its disposal. But from the very beginning of America’s founding, the desire for a crony central bank was strong. In fact, … Read more
What unions did for America. We should miss them.
by Fabius Maximus Summary: Americans consider a prosperous middle class to be our just due. We forgot how generations of union activists helped create it. The middle class existed for only a few generations, and survived the crushing of unions by only a few decades. On this Labor Day let’s remember the lost history of the … Read more
Rates, Recessions, Rentiers, Oh My!
by Jesse “The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil. Perhaps this is inherent. In a community where the primary concern is making money, one of the necessary rules is to live and let live. To speak out against madness may be … Read more
‘It’s no longer about Brexit; it’s about democracy’: Galloway on Britain’s ‘least finest hour’
https://www.youtube.com/watch?v=nOLG4ufAuLI Eighty years ago this week, Britain declared war on Nazi Germany. Within months, we stood alone with the Hitlerite hordes, at the Channel ports, preparing to invade us.