From the the New York Times The retailer, which did not pay rent on its stores in September in order to preserve capital, believes it can renegotiate many of the leases on its United States stores after the filing, said Jon Goulding, an executive at the consultancy Alvarez & Marsal who will be Forever 21’s chief … Read more
Record snow, cold, slams northern U.S. Rockies with winter-like weather Sept 30 (Reuters) – Midwinter-like weather clobbered the northern Rockies Sunday and into Monday, making early Autumn feel like deep winter, while as much as 4 feet (121 cm) of snow fell in places and hard-hit Montana declared a state of emergency to clear blocked … Read more
by Lance Roberts Earnings results for the third quarter is fast approaching, and investors are getting excited for the “beat the estimate” game where Wall Street continually lowers estimates so companies can beat them. As I noted previously: One of the reasons given for the push to new highs was the ‘better than expected’ earnings reports coming in. … Read more
by Geoffrey Grider “We have a tacit public policy it’s OK to live outdoors,” Steinberg said. “I am strongly pushing for a clear public policy that says as a matter of right people should be living under a roof.” What happens when you have a state that wants to live without rules and laws, and declare … Read more
by The Phoenix That’s THREE strikes against the Fed. The Fed cut rates again in September. At this point, trying to keep track of the Fed’s reasoning for monetary policy is all but impossible. There is no logic or reason behind anything they do. A year ago, the Fed told us that hiking rates four times … Read more
New York City’s Commission on Human Rights announced on Thursday that residents could face up to $250,000 in fines if they use terms such as “illegal alien … with intent to demean, humiliate or harass a person.” “Hate has no place here,” a tweet from the City of New York read. The city’s announcement ticked off a list of … Read more
By David Stockman his is why I call it ‘Millennial Soccer.’ Earnings season is now a ‘game’ where scores aren’t kept, the media cheers, and everyone gets a ‘participation trophy’ just for showing up. https://davidstockmanscontracorner.com/wp-admin/post.php?post=353880&action=edit
Pastor Jeffress on Pelosi’s call for Impeachment: ‘Democrats don’t care if they burn down and destroy this nation in the process’ Pastor Robert Jeffress warned this weekend that if Democrats are successful in removing president Trump through impeachment based on the latest bogus charges it will cause a civil war like fracture in America. Dr. … Read more
By Alasdair Macloeod via Mises Wire When an economy turns from expansion to contraction there is an order of events. The first signs are an unexpected increase in inventories of unsold goods, both accompanied with and followed by business surveys indicating a general softening in demand. For monetarists, this is often confirmed by an inverting yield curve, which … Read more
