Global Recession Coming

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via mishtalk: The economies of China’s neighbors suffer, starting with manufacturers of high-tech equipment. On Sunday, Trump decided to go ahead with new tariffs of 15% on clothing and other Chinese imports totally about $111 billion. The new tariffs are in addition to the 25% tariffs previously imposed on about $250 billion of Chinese imports. No … Read more

McDonald’s is spending nearly $1 billion in 2019 to add ordering kiosks and other tech to stores.

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via CNBC: Panera Bread loses close to 100% of its workers every year. For fast-food chains employee turnover runs as high as 130% to 150%, according to industry measures. McDonald’s is spending nearly $1 billion in 2019 to add ordering kiosks and other tech to stores. Some experts believe it is inevitable that fast food … Read more

5 reasons to remain bullish

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by WSBConsensus 1) Fed is easing, but without HY spreads or jobless claims spiking, both of which typically deteriorate into a recession. Crucially, if initial Fed cuts are not followed by a recession, the next 3, 6 and 12 months equity returns were historically very strong– 2) Global activity momentum is likely to look better … Read more

Michael Burry takes activist position in $TLRD

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by invest2018 http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=13622252&RcvdDate=8/30/2019&CoName=TAILORED%20BRANDS%20INC&FormType=SC%2013D&View=html Stock is down over 60% YTD for no good reason. People claim that workplace casual is killing $TLRD, but workplace casual has been trending for the past decade and the company has still posted growth numerous times throughout the decade. Demand for suits will always be there because of weddings, funerals, bar … Read more

Making Money, Moving Money: The World’s Financial Services Exports

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by howmuch International trade has been in the news lately, with a growing standoff between not just the United States and China, but even the U.S. and Europe. The focus of these headlines is usually on trade in agriculture and physical goods, but trade in financial services matters too, and has its own looming issues. Total global exports … Read more

Forget the Russians: It’s the Federal Reserve Seeking to Meddle in Our Elections

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by ron paul The US Constitution never granted the federal government authority to create a central bank. The Founders, having lived through hyperinflation themselves, understood that government should never have a printing press at its disposal. But from the very beginning of America’s founding, the desire for a crony central bank was strong. In fact, … Read more

What unions did for America. We should miss them.

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by Fabius Maximus Summary: Americans consider a prosperous middle class to be our just due. We forgot how generations of union activists helped create it. The middle class existed for only a few generations, and survived the crushing of unions by only a few decades. On this Labor Day let’s remember the lost history of the … Read more

Rates, Recessions, Rentiers, Oh My!

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by Jesse “The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.  Perhaps this is inherent. In a community where the primary concern is making money, one of the necessary rules is to live and let live.  To speak out against madness may be … Read more

Reddit Is Quietly Ramping Up Its ‘Anti-Evil’ Content Moderation Teams

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Reddit is expanding their Anti-Evil team. In August, several positions opened in the world of Reddit’s Anti-Evil operations, a shadowy content-moderation initiative which, according to the company, “works almost entirely behind the scenes.” However, few users and moderators truly understand the content policy, nor are they meant to. One potential implication is the action is … Read more

Uh, OH! The Top 10% Account For 50% Of Consumption, But The Wealthy Have Stopped Spending

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via CNBC: A sudden pullback in spending among the wealthy could cascade down to the rest of the economy and create a further drag on growth. High-end real estate is having its worst year since the financial crisis. Luxury retailers are struggling while discounters like Walmart and Target thrive. At this month’s massive Pebble Beach … Read more

More Than 12 TONS of Beef Recalled Because It’s “Unfit for Human Consumption”

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by theorganicprepper A mysterious new beef recall has taken place because the meat is “unfit for human consumption.” According to Food Safety News: Chino, CA-based American Beef Packers, Inc. late Saturday recalled approximately 24,428 pounds of raw beef products that are deemed unfit for human consumption, according to the U.S. Department of Agriculture’s Food Safety and … Read more

The U.S. can slash health-care costs 75% with 2 fundamental changes — and without ‘Medicare for All’

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via MarketWatch: As the Democratic presidential candidates argue about “Medicare for All” versus a “public option,” two simple policy changes could slash U.S. health-care costs by 75% while increasing access and improving the quality of care. These policies have been proven to work by ingenious companies like Whole Foods and innovative governments like the state … Read more

Report from april on track…‘Retail apocalypse’ now: Analysts say 75,000 more U.S. stores could be doomed.

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Widespread closures have roiled the retail industry, but many more stores are likely to shut down in coming years to keep up with a shift to online shopping, according to a report by investment firm UBS. An estimated 75,000 stores that sell clothing, electronics and furniture will close by 2026, when online shopping is expected … Read more

Lebanon Declares State of Economic Emergency

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by Martin Armstrong Lebanon has maintained a peg to the US dollar for about two decades and as all pegs go, this one is under pressure as the rise in the dollar imports deflation. The central bank has declared an economic emergency as it attempts to reassure people it will hold the peg. Lebanon is … Read more

Technically Speaking: Just How Long Will Markets Keep “Buying” It?

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by Lance Roberts In this past weekend’s newsletter, I broke down the bull/bear argument dissecting the issues of cash on the sidelines, extreme bearishness, equity outflows. However, even though the economic and fundamental environment is not supportive of asset prices at current levels, the primary argument supporting asset prices at current levels is “optimism.”  “The biggest reason for … Read more