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by stockboardasset Closed storefronts are typical in American cities across shopping malls that once flourished in commercial zones of suburbia are now empty and abandoned. As the retail apocalypse deepens, more than 3,800 stores are expected to close across the country this year. Department stores like Kmart, Macy’s, Sears, and JCPenney, and retailers including Best Buy, … Read more
via theverge: Microsoft has threatened to cease hosting services for the alt-right social network Gab over two anti-Semitic posts, according to an email published by Gab founder Andrew Torba. The email claims the posts violate Microsoft policy and requests that Gab “promptly take appropriate action to resolve the complaint…within two business days” or hosting service will be … Read more
IT’S KAFKAS ALL THE WAY DOWN: Smith College investigates employee for following its own procedures on ‘suspicious behavior.’ Report all incidents, ‘no matter how insignificant’ If you see something, say something. It’s not only an annoying but toothless order from the Department of Homeland Security – it’s the official policy of Smith College. And the elite … Read more
Twitter Bans Conservative Author For Tweet Supporting Sarah Jeong And Opposing Deplatforming. Elizabeth Kantor: They deplatformed me—for a tweet deploring deplatforming. Here’s the full text of my offending tweet, a full-throttle defense of New York Times editorial board hiree Sarah Jeong’s freedom of speech and included a self-deprecating reference to my own race: “@sarahjeong This … Read more
THE WALL STREET JOURNAL EDITORIALIZES: The ‘Red Wave’ Illusion: Evidence builds of major GOP losses in November. Republicans on present trend are poised in November to lose their majority in the House of Representatives and a slew of governorships. That’s the clear message from Tuesday’s election contests and a growing body of evidence. The President’s persona … Read more
by Chris Black Life is not without a sense of irony, as we just got word about an illegal alien who broke both of his legs as he was trying to enter the land of the free, home of the brave by jumping over a brand-new (and beautiful) thirty foot high wall. Who said that … Read more
by Dana Lyons This is a FREE look at the macro analysis and trade setups that we provide every day for members of The Lyons Share. China’s battered Shanghai Composite may find support at nearby prices. Following the global equity rout of 2015-2016, China’s Shanghai Composite (SSEC) rebounded along with the rest of the world markets. … Read more
via nbcnews: A Boston-area man has been arrested by federal agents in New York after threatening U.S. immigration agents on Twitter. Brandon Ziobrowski, 33, of Cambridge, Massachusetts, was arrested Thursday morning after posting on Twitter in July that he would give $500 to anyone who would kill an Immigrations and Customs Enforcement (ICE) agent. On or about July 2, 2018, … Read more
via visualcapitalist: Warren Buffett’s investing track record is nearly impeccable. Over his lifetime, Buffett has built Berkshire Hathaway into one of the biggest companies in American history, amassed a personal fortune of over $80 billion, and earned acclaim as one of the world’s foremost philanthropists. But in a 75-year career, it’s no surprise that even Buffett … Read more
BOSTON (CBS) — It’s supposed to be hot this time of year, but the first week of August was one for the record books in Boston. WBZ-TV executive weather producer Terry Eliasen says the 1st through 7th was the hottest first week of August in Boston ever recorded. You just lived through the hottest first … Read more
via bgr: Four billion. That, according to a new study shared with CNBC by market research firm SimilarWeb, is how many monthly page visits Facebook has shed in a slow-drip but nevertheless huge decline over the last two years. Facebook’s traffic hasn’t just fallen by about half since 2016, according to the study. Among the consequences of such a … Read more
https://twitter.com/RooseCapital/status/1027308766809804800 "Libor OIS Spread behaving erratically, or signalling unease in the US dollar funding market as in the run-up to the financial crisis?" h/t @Mora_Wealth pic.twitter.com/1zwq1lGSfx — Alastair (@StockBoardAsset) August 8, 2018 should we not be concerned about this gap? pic.twitter.com/nlklwwCMGi — Alastair (@StockBoardAsset) August 9, 2018 Brazil was supposed to be the "recovery story" … Read more
by jessefelder The following is an excerpt of a recent market comment that first appeared at The Felder Report Premium. What is the opposite of a margin of safety? That is a question this market has had me asking myself for some time now. A margin of safety is a discount to intrinsic value that provides a … Read more
by TFittonJW A special episode of Inside Judicial Watch:
by HundredRAWR If you plan and to hold a your stocks until you die, invest in individual companies or be a trader, this is not useful. Lets get this clear, this is my opinion and most importantly it does not mean a particularly company is over valued it means I believe the market as a … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter As “affordability challenges” hit new vehicles, consumers switch to used, prices spike to record, inflation psychology sets in. For a brain-twisting phenomenon, amuse yourself for a moment with the Consumer Price Index for used cars and trucks. It shows that there has been 0% inflation since 1994 in used cars and … Read more
https://www.youtube.com/watch?v=vW_iONbOCQM Sarah Whitten for CNBC reports, Things are looking up for the toy industry as parents and grandparents, sad over the bankruptcy of Toys R Us, fueled massive sales in the first half of the year. Read More/Source/Credit/FairUse: https://www.cnbc.com/2018/08/06/toys-…
By Bob Shanahan Don’t tell me this economy sucks. Sure, it’s far from perfect, but look at the statistics, look at Americans getting back to work, and tell me that we are doomed. Of course the party won’t last forever and the downturn will eventually come. That said, through the first year-and-a-half of the … Read more
by OptionsGeek https://www.bloomberg.com/news/articles/2018-08-08/tesla-take-private-skepticism-grows-after-musk-s-funding-claim Wall Street and Washington have the same question for Elon Musk: Where’s the money? Two days after he vowed on Twitter that he had “funding secured” for a spectacular $82 billion deal to take Tesla Inc. private, he has offered no evidence to back up the statement. No one has stepped forward publicly — or … Read more
via dailymail.co.uk: West Virginia lawmakers voted 14 articles of impeachment against the court Justices spent up to $3.7 million of tax payer money on office decor One justice spent $8,000 on a high-backed desk chair and $20,500 on a rug There are additional charges of corruption and misuse of state funds The state House will begin … Read more