Huge Drop In Consumers Saying Jobs Are Plentiful

via UPFINA: In the week of September 21st, the Redbook same store sales growth rate fell from 5.4% to 5.2%. That’s still very strong growth; the tariffs haven’t slowed spending. As the chart below shows, it will face very tough comparisons in December. Notably, it strayed far from retail sales growth in that month as December … Read more

SoftBank is planning to double down on WeWork with $1.5 to $2.5 billion dollars

https://www.ft.com/content/7465729e-dfdb-11e9-b112-9624ec9edc59 SoftBank is in talks with WeWork to increase a $1.5bn investment… SoftBank is considering promising an extra $1bn or more to change the terms of a warrant agreement it struck this year with WeWork… A recut deal would see SoftBank invest at least $2.5bn, but would reduce the price per share at which it … Read more

Interactive Brokers is introducing IBKR Lite – “a new offering that will provide commission-free, unlimited trades on US exchange-listed stocks and Exchange Traded Funds.”

GREENWICH, Conn.–(BUSINESS WIRE)–Interactive Brokers Group, Inc. (IEX: IBKR) today announced IBKR Lite, a new offering that will provide commission-free, unlimited trades on US exchange-listed stocks and Exchange Traded Funds. IBKR Lite was designed to meet the needs of investors who are seeking a simple, cost-free way to trade US exchange-listed stocks and ETFs and do not wish to … Read more

We Not So Crazy after all…

by Simon Black I’ve never really been prone to schadenfreude— a feeling satisfaction from someone else’s misfortune. But I am a big believer in the Karmic justice. If you’re a dirty scumbag who constantly lies, cheats, and steals, sooner or later the universe is going to catch up with you. And I love seeing justice served. That’s … Read more

Trouble is brewing at the ECB

by Shaun Richards Sometimes what are presented as events in the news cycle that are unrelated are in fact significant. So let me draw to your attention some tweets from Bloomberg yesterday evening. BREAKING: Sabine Lautenschlaeger resigned from the ECB Executive Board more than 2 years before the official end of her term. This is … Read more

Penn State Prof: Social Credit Will Shift Law In The West “From Constitution…To Algorithms”

This article was written by Daniel Taylor and originally published at Old Thinker News A.I. driven social scores to supplant the Constitution? Professor Larry Backer of Penn State University writes in a 2018 paper that resistance to social credit systems in the West could be dissolved when the masses are “socialized… as a collective” and “…the … Read more

GOP cashes in on impeachment A fundraising drive from Trump and the RNC netted a million dollars Tuesday.

Amazing Dems cannot see this. Republicans are latching onto conservative outrage over the push to impeach President Donald Trump — and turning it into a 2020 fundraising bonanza. Trump’s reelection campaign and the Republican National Committee on Tuesday sent an array of fundraising emails inviting conservatives to donate and join the “Official Impeachment Defense Task … Read more