The Consumer Just Crashed: Credit Card Spending Unexpectedly Cratered In September | ZeroHedge

Two weeks ago, we laid out the various reasons why – according to JPMorgan and Goldman – sentiment on US consumer stocks had cratered, and would continue to worsen.

Indeed, after a brief short squeeze at the end of September, the XRT retail ETF is at the lowest level since June after peaking on the "last Fed hike" in late July, and as we enter into 4Q, there is a lot on the line in the consumer space.

As Goldman's Prime Brokerage recently noted, shorting in the (more…)

Continue ReadingThe Consumer Just Crashed: Credit Card Spending Unexpectedly Cratered In September | ZeroHedge

Victor Davis Hanson: Who’s The Real ‘Danger To Democracy’? | ZeroHedge

Authored by Victor Davis Hanson,

Suddenly after three years, a number of angry former Trump appointees – some on the prompt of potential or real book promotions, or in anger about firings, or their own legal exposure – are replaying all the supposedly atrocious things Trump said in private to them between 2017-21 (more…)

Continue ReadingVictor Davis Hanson: Who’s The Real ‘Danger To Democracy’? | ZeroHedge

Biden’s “Secret Money Machine”: New Book Delves Into Hunter’s China-Linked Partnership With University Of Delaware | ZeroHedge

While the general public is well aware of allegations against the Biden family involving international influence-peddling schemes, bribes from Ukrainian oligarchs, and attempts to write off prostitutes on tax returns, major facets of the first family's sphere of wealth and influence have gone largely unreported.

According to a wide-ranging new book by Breitbart Editor-in-Chief Alex Marlow, who collaborated with researchers from investigative journalist Peter Schweizer's (more…)

Continue ReadingBiden’s “Secret Money Machine”: New Book Delves Into Hunter’s China-Linked Partnership With University Of Delaware | ZeroHedge