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<figcaption id="caption-attachment-23220" class="wp-caption-text">Click On Picture To See Larger Picture</figcaption></figure>The people of Canada are suffering. The illegals are getting everything and the people are left out, this is happening WW. Stores closing down, economic imploding. The people are tapped out. Trump says he will place 100% tariffs on those countries not using the currency of the US. The [DS] is now backtracking on the poll numbers for [KH]. The polls are fake and the people know it. Pelosi projects that Trump will back out of the debate. Is she projecting, will [KH] report she has covid, another virus or be in accident? The [DS] is prepared to shutdown the government instead of passing the Save Act. Trump know their is cheating, he just called on the RNC to activate. Did he just send a message to the patriots?
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Economy
https://twitter.com/EndWokeness/status/1832619617518297590
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- Big Lots, the beleaguered discount retailer that previously warned it had “substantial doubt” about its survival, has filed for bankruptcy.
- As part of its Chapter 11 filing, the retailer announced that private equity firm Nexus Capital Management is acquiring “substantially all” of Big Lots stores and business operations. During the process, its locations and website will remain open for shopping.
Source: cnn.com
- Macy’s has announced that it is closing a total of 55 stores by the end of 2024, in the faltering brand’s ongoing effort to revamp its business.
- According to The Daily Mail, the company originally intended to close 50 underperforming stores by the end of the year, part of the 150 total locations it will close within three years. However, it now plans to close 55 before 2025.
“The biggest things that have gone wrong at Macy’s are the quality of the stores and the product assortment,” GlobalData Retail analyst Neil Saunders said to the outlet.
“And so over the years customers have deserted it, sales have tumbled and store productivity has gone down. All the metrics have gone in the wrong direction.”
Source: zerohedge.com
https://twitter.com/KobeissiLetter/status/1832835267117666718
- rate has declined for 14 consecutive months. To put this into perspective, savings rates average ~6.0% in the 2009-2019 period and ~11.0% in the 1980s. On top of high inflation, wage growth has stalled which has led to record usage of credit cards and low savings rates. Consumers feel like we are in a recession.
https://twitter.com/KobeissiLetter/status/1832789233792102594
- employment rose by 1 million year-over-year in August. Additionally, the number of permanent job losers jumped by 324,000 year-over-year, to 2.5 million, the highest since November 2021. This was the 16th straight month of part-time job gains, the longest streak since the 2008 Financial Crisis. How is this “strong” labor market?
https://twitter.com/DC_Draino/status/1832937028817748187
- the Credit Card Competition Act (CCCA) It’s time to pass the CCCA and introduce real competition into the credit card market
https://twitter.com/RichAStern/status/1833141974561415567
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- The number of Apple shares that Berkshire Hathaway has dumped is absolutely astounding.
- It is being reported that close to 500 million shares were sold during the first and second quarters combined…
- In the first quarter of 2024, Berkshire Hathaway sold over 100 million Apple shares, and in the second quarter, they sold an additional 390 million shares.
- More recently, Berkshire Hathaway has been selling off Bank of America shares…
- Warren Buffett’s Berkshire Hathaway (BRKa.N), opens new tab has trimmed its stake in Bank of America (BAC.N), opens new tab once again, making the total sales since mid-July nearly $7 billion.The conglomerate, run by one of the world’s most revered investors, disclosed late on Thursday it sold 18.7 million shares of the second-largest U.S. bank between Sept. 3 and Sept. 5 to rake in roughly $760 million.
Source: zerohedge.com
https://twitter.com/KobeissiLetter/status/1832942475427602568
- up~8 percentage points over the last 2 years as the Fed has sharply hiked rates. Real rates are now even higher than before the 2020 pandemic. In the past, whenever rates have become so restrictive the US
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