The dirty secret Macy’s is hiding.

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Unlike Sears, Macy’s didn’t miss the train on online sales. But it uses its vibrant online business to paper over the decline in its brick-and-mortar business. When Macy’s reported third-quarter earnings this morning, it made a big deal out of its same-store sales increase, showing a 3.1% year-over-year increase. It was … Read more

Legendary Investor Says This Is The “Most Troubled I’ve Been About My Future…Maybe Ever”

via silverdoctors: Legendary investor Stanley Druckenmiller was recently interviewed by Real Vision, and the interview has since been made public. Carve out the time to watch the entire video as it provides a wealth of information that people would normally have to pay to see with a subscription to Real Vision. I’d like to focus on the interview by … Read more

Nothing suspicious here folks only 84.6% higher than any other Democrat in Geogia in “new votes” even in 100% reported places…

We naively believed that someone as principled and authentic as Trump would be able to combat the dems..unfortunately the swamp is deep and entrenched. It protects itself constantly. And the propaganda the MSM puts out works on weak willed liberals who cant think for themselves and they’ve been whipped into a anti Trump frenzy and … Read more

Mtg apps, China exports, Oil

by WARREN MOSLER Continuing to be negative year over year: Highlights Rising interest rates continue to dampen mortgage activity, with purchase applications for home mortgages falling a seasonally adjusted 2.3 percent in the November 9 week to the lowest level since February 2017 while refinancing applications decreased by 4.3 percent to the lowest level since … Read more

The Implicit Desperation of China’s “Social Credit” System

by Charles Hugh-Smith Other governments are keenly interested in following China’s lead. I’ve been pondering the excellent 1964 history of the Southern Song Dynasty’s capital of Hangzhou, Daily Life in China on the Eve of the Mongol Invasion, 1250-1276 by Jacques Gernet, in light of the Chinese government’s unprecedented “Social Credit Score” system, which I addressed in Kafka’s … Read more

Kanye West: A Symbol For Peace (2018) This compilation documentary explores the peace-loving side of Kanye that the media doesn’t show.

This video gently showcases how Kanye West can be viewed as a symbol for love & peace, in the tradition of leaders like John Lennon, MLK Jr, Gandhi, and others. It touches upon conspiracy related topics including: breaking monolithic thought, mind control, achieving peace, media manipulation, eliminating the two-party voting system, and standing up against … Read more

At least 13 countries are interested in buying a Russian missile system instead of platforms made by US companies, despite the threat of sanction

At least 13 countries have expressed interest in buying a Russian missile system instead of platforms made by American companies, despite the potential for triggering U.S. sanctions, according to people with first-hand knowledge of a U.S. intelligence assessment. One of the people, who declined to be named, said that Saudi Arabia, Qatar, Algeria, Morocco, Egypt, … Read more

Atlantic: Schools close, power outages amid vicious storm

Weather warnings are widespread across the Atlantic provinces with the next big storm forcing school closures and leaving thousands without power. Expect more rain, damaging winds, and a healthy dumping of snow through Thursday with the coldest temperatures of the season closely following behind this beast. By Tuesday evening, heavy snow was reported across northern … Read more

Brenda Snipes: Boxes Found in Rental Car at Ft. Lauderdale Airport Contained Blank Ballots

Boxes marked “provisional ballots” that were discovered in the back of an Avis rental car at the Fort Lauderdale Airport Sunday night contained blank ballots and other materials such as signs and parking cones, Broward County Elections Supervisor Brenda Snipes told reporters Monday afternoon. Thank you for following up, Tony. Every though marked ballots weren’t … Read more

The Crypto Carnage

by Chris The long wedge has been broken to the downside…. Solidly. The reports of the past few weeks of people not able to get their fiat out of bitfinex for many days and weeks with radio silence from the “help desk” at Bf was pretty telling. I’d be personally terrified of not getting my … Read more

US investment grade debt is on track for worst year since 2008.

via confoundedinterest: Last decade, there was a residential mortgage credit bubble that burst. While there doesn’t appear to be a residential mortgage credit bubble (well, just a little), there is most definitely a corporate debt credit bubble that appears to be bursting. Take General Electric. Their stock price has slipped to under $10 per share  from … Read more

“Normalization” … “It wasn’t enough” … “Repeat” … “This time is different”

Central Bank Balance sheet vs GDP Swiss National Bank 125% Bank of Japan 100%. PBOC 41% ECB 41% Federal Reserve 20% Bank of Emgland 20% “Normalization” “It wasn’t enough” “Repeat” “This time is different” — Daniel Lacalle Official Account (@dlacalle_IA) November 13, 2018 #China real M1 0.2%yoy… pic.twitter.com/hP8mTLCSXu — Cantillon Consulting (@CantillonCH) November 13, 2018 … Read more

I Read The News So You Don’t Have To – Market News (Nov. 14, 2018)

by ogordained UNITED STATES The budget deficit topped $100bn in October, up 60% on a year earlier. Spending outgrew revenue by $37bn Small business loan rates are rising, potentially impacting the rate at which they hire new employees however small business optimism remains high Inflation is expected to grow but it should be offset by weak oil prices and … Read more