8500+ Store Closures! Bankruptcies Rise, Layoffs Surge, Trucking Industry CHAOS!

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.

www.challengergray.com/press/press-releases/challenger-report-53480-announced-cuts-led-tech-trade-issues-growing-concern

Challenger Report: 53,480 Announced Cuts Led by Tech, Trade Issues a Growing Concern | Challenger, Gray & Christmas, Inc.

www.challengergray.com/press/press-releases/challenger-report-53480-announced-cuts-led-tech-trade-issues-growing-concern

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

twitter.com/ReorgFirstDay/status/1163812689472151558?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1163812689472151558&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fpersonal-finance%2Fretail-carnage-continues-forever-21-bankruptcy-expected-sunday

(1) Reorg First Day on Twitter: “2019 chapter 11 filings are up 18% year-over-year t.co/IzljmtqPtf” / Twitter

twitter.com/ReorgFirstDay/status/1167480445845549056?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1167480445845549056&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fpersonal-finance%2Fretail-carnage-continues-forever-21-bankruptcy-expected-sunday

CEOs Abandon Ship: Record 159 CEO Exits in August as Overall Layoffs Surge – Mish Talk

moneymaven.io/mishtalk/economics/ceos-abandon-ship-record-159-ceo-exits-in-august-as-overall-layoffs-surge-GKuBLY-3HUag0ojuapfcqQ/

Jobs Growth Prospects Dim

www.businesscycle.com/ecri-news-events/news-details/economic-cycle-research-ecri-lakshman-achuthan-business-cycle-cnbc-trading-nation-interview-job-growth-prospects-dim/6

U.S. consumers show growing signs of debt distress: Kemp – Reuters

www.reuters.com/article/us-usa-borrowing-kemp/us-consumers-show-growing-signs-of-debt-distress-kemp-idUSKCN1VX1XW

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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.zerohedge.com/s3/files/inline-images/trucking_0.png?itok=Qc5CW_AA

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www.wsj.com/articles/trucking-company-shutdowns-grow-as-shipping-market-cools-11567104495

 

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