Forever 21 files for Chapter 11 bankruptcy protection, may close up to 178 US stores

by

Fashion retailer Forever 21 filed for Chapter 11 bankruptcy protection Sunday after being hobbled by expensive leases, declining mall traffic, digital competition and fashion choices that fell flat. Forever 21 requested court protection from its creditors in a bid to stay in business. The family-owned company, which has about 32,800 employees, said it would close “most” of its … Read more

Fitch: World GDP Growth To Hit An Eight-year Low In 2020; MORGAN STANLEY: S&P Earnings Are Poised to Go Negative

by

bullish https://t.co/E96Ux9afGH — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) September 30, 2019 MORGAN STANLEY: “.. the S&P 500 itself is a defensive asset because of its high quality/growth bias, GAAP accounting, and good liquidity. .. Yet, even with this inherent advantage, the S&P 500 has delivered subpar returns over the past 12 months with increasing volatility.” … Read more

Morgan Stanley: Around 40% of investment-grade companies now have obligations that are more consistent with junk ratings

by

Around 40% of investment-grade companies now have obligations that are more consistent with junk ratings, according to Morgan Stanley. — Lisa Abramowicz (@lisaabramowicz1) September 30, 2019 U.S. corporate debt loads reach highest level in a decade Rising liabilities could make it harder to navigate a downturn The great deleveraging that was supposed to sweep over … Read more

Trouble in US Repo Markets

by

via omfif: Four key concerns for liquidity provision There are many plausible narratives that might explain the mid-September squeeze in the US overnight funding market, but they all come down to initiating a race to hoard cash. Essentially, at a certain point on Monday 16 September, somebody wanted to acquire one dollar more than the market … Read more

Democrats weaponized the whistleblower system in attempt to make political hit on Trump

by

Will anyone be charged for fraud for turning a federal program into a political weapon? They have crossed the line. This needs investigating. Does the Senate have investigative powers like the House? The House needs oversight. This abuse and misuse of a federal program designed to protect citizens must be a crime? People must be … Read more

US real personal consumption expenditure growth is slowing. Slowing house price growth predicts further weakness.

by

In this cycle, consumer sentiment surveys have significantly overpredicted the US consumer spending growth. The chart below plots real PCE growth vs the Michigan consumer sentiment survey. The gap with the Conference Board Consumer Conf survey is even starker. pic.twitter.com/PyQMXnZgJN — Gaurav Saroliya (@GauravSaroliya) September 27, 2019

Taxpayers To Be Held Liable After Cops Steal Man’s Phone, Film Themselves Conspiring To Frame Him

by

This article was written by Matt Agorist and originally published at Free Thought Project On September 11, 2015, journalist and police accountability activist Michael Picard was illegally detained for lawfully open carrying and filming police on public property. During the illegal detainment, Connecticut state troopers confiscated his gun and his camera. However, the trooper who took the phone … Read more

Charles Nenner – $2500 Gold Coming Next Year

by

from Financial Survival Network Charles Nenner has been calling for higher gold/precious metals prices for a while now. The market has finally caught up with his forecast. Gold will start rising again next year and eventually hit the $2500 mark. Look for a much more volatile VIX index, lower energy and food prices and a hastening of … Read more

A very cruel and efficient system

by

by User_Name13   Debt is a weapon used by the moneyed elite as a weapon against the poor. The dizzying rise in the cost of college is the only thing allowing the US military to meet its recruitment goals and the military itself has been experiencing an epidemic of suicide among its veterans since the … Read more

Charted: These Giant Companies Make Millions Every Day

by

by howmuch In an age of “unicorn” companies, which are private companies with billion-dollar valuations, and even trillion dollar companies, it can be difficult to mentally comprehendimportant financial metrics due to their enormity. Worldwide corporate profits are certainly one such measure, with many companies clearing hundreds of billions of dollars annually. 70 companies around the world earn over $1 … Read more

Massachusetts Institute of Technology have finally cracked the code for nuclear fusion reactions.

by

This will change Humanity. We should have the government speed this up with funding. https://techcrunch.com/2019/06/27/a-boston-startup-developing-a-nuclear-fusion-reactor-just-got-a-roughly-50-million-boost/ Commonwealth Fusion expects to have its smallest possible reactor built by 2025 thanks to the research that MIT has done on proprietary magnet technology that the company uses to confine its nuclear reaction. Also see… https://www.thedrive.com/the-war-zone/29074/skunk-works-exotic-fusion-reactor-program-moves-forward-with-larger-more-powerful-design We are so close! … Read more

Edward Snowden: Joe Biden Threatened Countries Not To Give Me Asylum

by

Edward Snowden revealed then-Vice President Joe Biden and then-Secretary of State John Kerry pressured countries that protect whistleblowers and asylum seekers to deny him entrance. In an interview with MSNBC’s Brian Williams, Snowden said he applied for asylum to countries such as allies France and Germany but every time it got pulled. https://www.realclearpolitics.com/video/2019/09/16/edward_snowden_joe_biden_threatened_countries_not_to_give_me_asylum.html?utm_medium=referral&utm_source=mixi&utm_campaign=realclearpolitics h/t oliver_21