This Retailer Bankruptcy Will Lead to the Largest Liquidation by Store Count in the US. Liquidation Sales to Start Next Week

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Brick-and-Mortar Meltdown for its new shareholders: All of them PE Firms. By store count, this is likely the largest retailer liquidation in the US: Payless ShoeSource is planning to file for bankruptcy again later in this month – just 18 months after having emerged from its first bankruptcy. And this time, … Read more

FITTON: If generals and colonels at Pentagon, rather than lawyers and agents at DOJ/FBI, were caught talking about overthrowing a president would there be any doubt that it would be called a coup attempt?

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by TFittonJW If generals and colonels at Pentagon, rather than lawyers and agents at DOJ/FBI, were caught talking about overthrowing a president would there be any doubt that it would be called a coup attempt? The ongoing coup against @realDonaldTrump is a fundamental threat to our Republic. — Tom Fitton (@TomFitton) February 15, 2019   … Read more

Ocasio-Cortez Is Launching A Green New Deal Tour And Instantly Gets HUMILIATED For It

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I Love My Freedom reports, Freshman Democrat Alexandria Ocasio-Cortez (NY) has announced she’ll be going on a nationwide tour to promote her “Green New Deal,” a project that would cost tens of trillions to the American taxpayer. https://www.youtube.com/watch?v=MlsUh3BZOqw Read More/Source/Credit/FairUse: https://ilovemyfreedom.org/aoc-announ…      

Washington state on path to providing universal health care

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by DCG I thought Obamacare was designed to give more Americans access to affordable, quality health insurance and reduce health care costs? Yeah, riiiiiiiiiiiiiiiiight. From MyNorthwest.com: Washington state’s road to universal health care continues, following the introduction of a bill in the state Legislature that would establish a fact-finding group. If passed, SB-5822 would establish a “work group,” … Read more

Ann Coulter: By signing the budget deal, Trump signs away his right as CIC to build the wall

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by Dr. Eowyn Yesterday afternoon, the AP reported that “The White House confirms that President Donald Trump will sign a bill averting a potential partial government shutdown at the end of the week.” At the same time, “Press Secretary Sarah Sanders says Trump will also take ‘other executive action — including a national emergency’ as he seeks to keep his border wall … Read more

HMM: Did AOC put her boyfriend on the public payroll?

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via pjmedia: There’s some controversy over this, although what’s known for sure is that Riley Roberts does have a .gov email address issued apparently by her office. New from a friend inside the House. Seems like more than calendar access to me. Care to revise your statement @AOC? pic.twitter.com/Sr2HAUOkW7 — Luke Thompson (@ltthompso) February 15, 2019 … Read more

The More Lefties Call Trump “Unstable,” The Greater The Contrast Between The Nation’s Actual Peace And Prosperity, And Their Nonstop Hyperventilating

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Bill Weld launches GOP presidential exploratory committee. Former Massachusetts Gov. William F. Weld is launching a presidential exploratory committee to challenge President Trump in the Republican primaries, saying the country is “in grave peril” and he “cannot sit quietly on the sidelines any longer.” Weld becomes the first Republican to officially announce he is exploring … Read more

Trump Says He Has Around 8 Billion Dollars For New Wall

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https://www.youtube.com/watch?v=EyHs3aIr2ro Trump Says He Has Around 8 Billion Dollars For New Wall President Trump national emergency declared over the wall and signed today this is president trump press conference and national emergency trump and national emergency president trump and trump national emergency this is also latest news and breaking news video in politics and in … Read more

Just 1-in-4 AMERICANS pass US citizenship test… MOST South Carolinians couldn’t

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D’oh: Only 1 state passes US citizenship test, DC fails big A majority in every state except Vermont has failed the U.S. Citizenship test, the latest sign that Americans aren’t very good history students. In the multiple choice version of the test given to immigrants seeking citizenship, 53 percent of Vermonters passed. More than half of … Read more

Will ‘basic income’ become the California norm? Town starts $500 no-strings payments…

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After months of planning, Stockton is sending debit cards loaded with $500 to a select group of residents starting Friday as part of a closely watched experiment in universal basic income, the first led by a U.S. city. Stockton, once dubbed “America’s foreclosure capital,” was the largest city to seek bankruptcyprotection before Detroit’s 2013 filing. During the … Read more

VIX is doing exactly what it did right before it exploded in 2008. This time its more concentrated and happening faster. $VIX to 145 this spring.

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via @hks55: Financials did the same thing in 2008. 20 week crossed the 50 week and $XLF back tested the trend line and those moving averages. Exact same now. $oil is double topping 38% retrace. classic bear transports are weak, semiconductors are weak, tech is weak. energy and financials are very strong and they are both … Read more

Something is VERY wrong with this picture – VIX is getting hammered while FAANG looks like garbage?

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Something is VERY wrong with this picture pic.twitter.com/m4QLPF7kFV — mcm-ct.com (@mcm_ct) February 15, 2019 https://twitter.com/farrisbaba/status/1096453542079094785 pic.twitter.com/BLTTMTwLBW — Alastair (@StockBoardAsset) February 15, 2019 $SPX is pricing in a nearly 80% growth rate in earnings just for the next quarter – BUT THERE WILL BE 80% contraction into 4 quarters from now – good luck with that … Read more

Bears are right. About what? Well, everything.

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by northmantrader After 8 weeks of non stop rallying the bear mocking is back which is ironic. Why? Well, because bears are right. About what? Well, everything. Yes stock markets have been screaming higher in recent weeks on hopium and central banks turning dovish, but ironically that’s as a reaction to bears being right. How can … Read more

Retail Apocalypse and Carmageddon Continue to Pick up Speed as Predicted Here

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by David Haggith We now know that the Retail Apocalypse took another trip downhill during the all-important holiday season. December reports show retail sales declined more in one month than they have since … the Great Recession. Notice what a common refrain that comparison has become. Retail Apocalypse snowballs downhill Retail sales dropped 1.2% month-over-month in … Read more

Buffett’s firm sees something in Canadian energy, buys stake in Suncor

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https://www.bnnbloomberg.ca/buffett-takes-new-stake-in-suncor-trims-apple-investment-1.1214660?fbclid=IwAR1KpNqCXwSQTKeY7PRc5DKFCem7meGZyzLsCt7toOrbe-s00KHcQ-vAu4Q “Billionaire Warren Buffett’s company has taken a new stake in Canadian firm Suncor Energy () and trimmed its huge Apple () stake. Berkshire Hathaway Inc. (BRKa.N) filed a quarterly update on holdings with the Securities and Exchange Commission on Thursday. The Omaha, Nebraska-based company said it owned 10.76 million Suncor shares at the end … Read more