Money

BOOM!: Gap, JCPenney, Victoria’s Secret, Foot Locker: 465 store closures in 48 hours

FOX NEWS – The ‘retail apocalypse’ is alive and well this week with major chains such as Gap, JCPenney, Victoria’s Secret and Foot Locker all announcing massive closures, totalling the death [Read More]

Money

Record 7 million Americans are 3 months behind on car payments, a red flag for economy

By Heather Long The Washington Post “The substantial and growing number of distressed borrowers suggests that not all Americans have benefited from the strong labor market,” economists at the New York Fed [Read More]

Money

TRUMP TRAIN: US trade deficit narrows much more than expected

The U.S. trade deficit fell to $49.3 billion in November, the first decline after five straight months of increases. But on a year-over-year basis, the gap rose by 10.4 percent. [Read More]

Money

GLOBAL DEBT TOPS 244 TRILLION DOLLARS AS “NEARLY HALF THE WORLD LIVES ON LESS THAN $5.50 A DAY”

SOURCE: ZEROHEDGE The borrower is the servant of the lender, and one of the primary ways that the elite keep the rest of us subjugated is through the $244,000,000,000,000 mountain of [Read More]

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90% Tax Rate: Liberals eyeing White House vie over setting highest tax rate

By Gabriella Muñoz – The Washington Times  Democrats eyeing bids for the White House also are competing to see who is willing to go the highest in raising taxes. Rep. Alexandria Ocasio-Cortez, [Read More]

Money

GE was once America’s most valuable company. Today it is fighting junk-bond status

Patti Domm CNBC Markets Editor General Electric stock has fallen to single digits and its investment grade bonds trade like high-yield debt, as the market bets it will continue to deteriorate [Read More]