Hello, fellow rebel capitals.

Hope you're well.

So we got some big news, some major bankruptcies just announced.

And Warren Buffett writes a mysterious letter to shareholders, which really begs the question.

What is he hiding?

I think he's saying more with what he's not saying than what he's

actually saying in that letter. And the NASDA continues to plummet. We've got to ask ourselves,

what does this mean about the underlying economy? Probably more importantly, because there's

almost an inverse relationship between the economy and stocks,

does this mean the narrative has finally shifted from bad news being good news to bad news,

actually being bad news?

Let's get right into it and go over some of these.

In fact, before we get to the bankruptcies, let's look at what's happening with Starbucks today. I haven't really heard too many people

talking about this. And right here from CNBC, Starbucks to lay off 1,100 corporate workers as

sales sag.

And remember, Starbucks has been having problems for a long time.

And they've been saying the consumers pinched, the consumers waving the white flag.

The purchasing power for the consumer has gone down due to their wages, not keeping up with inflation.

We're seeing in our stores.

I think they actually got a new CEO, this guy, Brian Nicol, who came out with this big

grand plan.

And now it seems like they're kind of just flushing that one straight down the toilet.

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