REPURPOSING: Amazon Wants to Turn Closed Department Stores Into Fulfillment Centers. “Amazon is in talks to turn closed J.C. Penney and Sears shops into distribution hubs.”

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Amazon wants to turn closed department stores into fulfillment centers, according to The Wall Street Journal. The retail giant is reportedly in talks with US mall owner Simon Property Group Inc. to transform former J.C. Penney and Sears shops into distribution hubs, storing everything from books to clothes to electronics. Details are scant; it’s unclear how many … Read more

The Justice Department has arrested 11 MS-13 gang members for sex trafficking and torturing a 13-year-old girl

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They beat her with a baseball bat 26 times, gang raped her, fed her drugs, then pimped her out. Democrats condemned Trump for calling them “animals.” Pelosi said they have “a spark of divinity.” https://t.co/rKSCLTBW5B — John Cardillo (@johncardillo) August 10, 2020 .@TheJusticeDept has arrested 11 MS-13 gang members for sex trafficking a 13-year-old girl.https://t.co/otQAvaqIo0 … Read more

#WhiteHouseSiege: Group Taking Credit For ‘Occupy Wall Street’ Plans to ‘Lay Siege to’ and ‘Occupy’ the White House Next Month

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by Daisy Luther of The Organic Prepper The group that takes credit for the Occupy Wall Street movement of 2011 has a new and even more outrageous plan in mind. They intend to “occupy” the White House. Adbusters, an online magazine that describes itself as “a global network of artists, activists, writers, pranksters, students, educators and entrepreneurs who … Read more

We’ll be at $30T in debt in early 2021. Then adding $1.5-$2T/yr thereafter (if we’re lucky)

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These deficits assume no recessions other than the one we're in now. The red blocks are the ongoing impact of paying for Covid-19 + the green are the ongoing impact of tax extensions. We'll be at $30T in debt in early 2021. Then adding $1.5-$2T/yr thereafter (if we're lucky)🤔🤦‍♂️ pic.twitter.com/EN12oSLY5P — M/1_LP (@MI_Investments) August 10, … Read more

Tech is eating the world: The recent surge in Apple shares is pushing the value of the world’s largest company toward that of the entire Russell 2000 Index.

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Tech is eating the world: The recent surge in Apple shares is pushing the value of the world’s largest company toward that of the entire Russell 2000 Index. The iPhone maker is worth $1.93tn, almost 90% of combined mkt cap of 2,000 US small-cap stocks listed in Russell. (via BBG) pic.twitter.com/ifBI1lK6aP — Holger Zschaepitz (@Schuldensuehner) August … Read more

NY Fed on corporate leverage:

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NY Fed on corporate leverage: "Looking ahead, we find that a sizable share of U.S. corporations have interest expense greater than cash flow, raising concerns about the ability of those corporations to endure further liquidity shocks."https://t.co/K9SqSCswwU — Brian Chappatta (@BChappatta) August 10, 2020 Zombie companies' YTD returns have essentially closed the gap to the S&P … Read more

August 2020? No, March 1930…

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#recession … #GFC2 US edition August 2020? No, March 1930… 📉https://t.co/QbxPOGkNP5 pic.twitter.com/A2OdnLPuAi — Invariant Perspective (@InvariantPersp1) August 11, 2020 Global Coronavirus infections surpass 20million people, resulting in upwards of 700,000 deaths. While it took 6mths after virus first surfaced to reach 10m infections, spread has steadily accelerated since then, taking little more than 6 weeks … Read more