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1 in 3 Workers Had Pay Cut in 2020 as Ray Dalio Says Prepare for “Flood of Money”!

1 IN 3 PAY CUT IN 2020

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We are entering a new phase. Where central banks can pump up markets indefinitely and the consequences are never felt. Money will flow non-stop and everyone will be given free money. Unicorns will do all the heavy lifting and rainbows will be in abundance in the desert. The yeti and sasquatch will find their way into sitcoms, streamed online to be [played in front of people] not even paying attention as they scroll through their phones. It’s a magical world thanks to the central banks.

 

1 in 3 workers faced pandemic pay cuts but recovery is uneven

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Unemployment wages: Many workers hit with fewer hours, lower pay amid COVID-19

More workers hit with pay cuts than in last recession, and stagnant wages could linger

Many U.S. workers have been socked by cuts in hours or pay during the pandemic. The effects could linger in meager wage growth for years.

Why these 7 U.S. mall owners, including Simon, are in trouble: S&P

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Million-Dollar Homebuying Soars With U.S. Rich on Shopping Binge – Bloomberg

https://www.bloomberg.com/news/articles/2020-12-08/million-dollar-homebuying-soars-as-u-s-rich-go-on-buying-binge

Ray Dalio Sees ‘Flood of Money’ With Soaring Asset Prices – Bloomberg

https://www.bloomberg.com/news/articles/2020-12-08/ray-dalio-sees-flood-of-money-with-soaring-asset-prices

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Technically Speaking: Margin Debt Confirms Market Exuberance – RIA

Technically Speaking: Margin Debt Confirms Market Exuberance

Margin debt has been fueling the market as the recent mania has driven markets to record highs. However, therein also lies the risk of the next correction.

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Palazzo suites temporarily closing | Las Vegas Review-Journal

Las Vegas Sands temporarily shuttering Palazzo tower suites

The hotel tower had stopped accepting weekday reservations in July, and will now be closed seven days a week effective immediately, according to Las Vegas Sands.

How A Rookie Day Trader Ended Up Losing $127,000 : NPR

He Thought Day Trading Would Be A Thrill. He Ended Up Losing $127,000

With millions stuck at home, more and more people are trying day trading. Most will end up losing money, studies show, while troubling cases of addiction are also on the rise.


There has been considerable investment into stocks. Into equities. We have seen many financial analysts continuously lift stock price expectations higher and higher. More money and debt has been flowing into the markets.


— APPENDICES —


— FOOTNOTES —

The Money GPS on Twitter: “Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick. / Twitter”

Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.

The Money GPS on Twitter: “UNEMPLOYMENT RATE 6.7%.HAHAHAHAHA!.These people are hilarious! Good stuff. Thought you would enjoy a laugh in these dark times.. pic.twitter.com/hjXYiX3Y4a / Twitter”

UNEMPLOYMENT RATE 6.7%.HAHAHAHAHA!.These people are hilarious! Good stuff. Thought you would enjoy a laugh in these dark times.. pic.twitter.com/hjXYiX3Y4a

The Money GPS on Twitter: “JANET YELLEN MIGHT BE BACK. Anyone suggesting government took over the Fed and not the other way around needs to wake up. Fed gained more control. Even Bloomberg admits it. The revolving door and the control over the public is very evident to those paying attention. #janetyellen pic.twitter.com/2lHmrIHw0T / Twitter”

JANET YELLEN MIGHT BE BACK. Anyone suggesting government took over the Fed and not the other way around needs to wake up. Fed gained more control. Even Bloomberg admits it. The revolving door and the control over the public is very evident to those paying attention. #janetyellen pic.twitter.com/2lHmrIHw0T


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The Money GPS on Twitter: “The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #money #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT / Twitter”

The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #money #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT


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Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2020


The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.

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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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