As expected for weeks now, once the fastest growing US retailer, Forever 21, filed for Chapter 11 bankruptcy protection on Sunday night and announced a massive amount of store closures both in the US and in their foreign stores outside the US. Forever 21, once among America's fastest-growing fast-fashion retailers, files for bankruptcy https://www.businessinsider.com/forever-21-will-file-for-bankruptcy-close-hundreds-of-stores-2019-9 Zero Hedge expected Forever 21 to file bankruptcy 2 weeks ago, but the company held off until Sunday night https://www.zerohedge.com/personal-finance/retail-carnage-continues-forever-21-bankruptcy-expected-sunday Eyeing That Sweater? It’s Yours in Four Easy Payments https://www.wsj.com/articles/eyeing-that-sweater-its-yours-in-four-easy-payments-11569672000 Mass retail store closures will continue to rip through the US: Goldman Sachs https://finance.yahoo.com/news/retail-store-closures-will-continue-to-rip-through-the-us-goldman-sachs-142147842.html Retail Bankruptcies Rise, Store Closures Skyrocket in First Half of 2019 https://www.wsj.com/articles/retail-bankruptcies-rise-store-closures-skyrocket-in-first-half-of-2019-11568206800 This is very weird and certainly not profitable: Nordstrom NYC Local Stores Will Accept Macy’s, Kohl’s Returns https://www.retailtouchpoints.com/features/news-briefs/nordstrom-nyc-local-stores-will-accept-macy-s-kohl-s-returns More Evidence That The US Consumer Is Tapped Out: 1) US Consumers At Maximum Leverage, Might Not Be Able To Save The Day https://www.zerohedge.com/economics/us-consumers-maximum-leverage-might-not-be-able-save-day 2) Consumer Stress: Defaults Rise To Highest Level In 2019 https://www.zerohedge.com/personal-finance/consumer-stress-defaults-rise-highest-level-2019 Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 64 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**