Despite the obvious situation we are faced with today, many still ignore what’s going on. Seems rather unusual and perhaps upon closer inspection the truth is that people never learn. They always push themselves to the edge and will never stop that behavior no matter how many times they’re burned. Often we hear about how this time is different and that the subprime crisis will not happen again so no need to worry. But the truth is that a crisis is always being brewed in the PHD-lead laboratory they call financial investment firms. Not good.
Weekly US and UK Store Openings and Closures Tracker 2019, Week 37: Fred’s Files for Bankruptcy; Plans to Close All Stores | Coresight Research
coresight.com/research/weekly-us-and-uk-store-openings-and-closures-tracker-2019-week-37/
Forever 21 may close more than 100 stores in bankruptcy, report says
www.usatoday.com/story/money/2019/09/13/forever-21-store-closures/2309811001/
Challenger Report: 53,480 Announced Cuts Led by Tech, Trade Issues a Growing Concern | Challenger, Gray & Christmas, Inc.
Challenger Report: 53,480 Announced Cuts Led by Tech, Trade Issues a Growing Concern | Challenger, Gray & Christmas, Inc.
US store closures skyrocket in first half of 2019 – Private Equity News
www.penews.com/articles/us-store-closures-skyrocket-in-first-half-of-2019-20190912
(1) Reorg First Day on Twitter: “Since June 2015, retail chains have accumulated more than $45 billion in aggregate chapter 11 liabilities in connection with over 80 bankruptcy filings: t.co/Q1XO9pSWij” / Twitter
(1) Reorg First Day on Twitter: “2019 chapter 11 filings are up 18% year-over-year t.co/IzljmtqPtf” / Twitter
CEOs Abandon Ship: Record 159 CEO Exits in August as Overall Layoffs Surge – Mish Talk
Jobs Growth Prospects Dim
U.S. consumers show growing signs of debt distress: Kemp – Reuters
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www.zerohedge.com/s3/files/inline-images/wsj%202_0.png?itok=Bd81JGaG
A slowdown in US business formation poses a risk to economy
www.apnews.com/e7179fc8b9dc4399818f2038b75ec423
Trucking jobs drop by thousands in August as industry battles challenges | Fox Business
www.foxbusiness.com/economy/trucking-jobs-drop-thousands-august
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www.wsj.com/articles/trucking-company-shutdowns-grow-as-shipping-market-cools-11567104495