An “Escaping Illinois” Facebook group has more than 39,000 followers. One man even wrote a song called “Goodbye Illinois,” lamenting the state’s taxes and political corruption and expressing his desire to leave.
Thousands of American communities that had local newspapers in 2004 now have no news coverage at all, while remaining papers are increasingly becoming units within an umbrella company, with no direct stake in community reporting.
The average mall vacancy rate has reached an eight-year high, inching up 0.1% from last quarter to 9.4%, as retailers have already announced or completed a record 11,000 store closures in 2019...
As night follows day, another banking crisis will rapidly escalate... on a greater scale than ten years ago. And the evidence from failures in the dollar repo market in recent weeks points to the banking system beginning to unravel now.
The US employment report is about as hard as the data come. In our view, employment is challenged here and the onus is on the labor stats to pull a rabbit out of the hat...
After the surprisingly poor August payroll report, analysts expect the disappointing trend to continue and forecast a below-trend 145k nonfarm payrolls in September. While the risk is to the upside, the whisper number is for a sub-100K print.
"... inflows of new business have almost stalled... firms report a net drop in headcounts for the first time since 2010...weakest back-to-back expansions of business activity since 2009..."
