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
1 in 3 workers had their pay cut during the pandemic, and women’s salaries are taking longer to recover
Roughly 1 in 3 full-time workers have experienced a pay cut due to the coronavirus pandemic this year, according to a recent MagnifyMoney survey of 984 professionals surveyed Nov. 6 to 11. The economic upheaval of the pandemic starting in March caused many U.S. employers to institute temporary pay cuts in the spring.
Unemployment wages: Many workers hit with fewer hours, lower pay amid COVID-19
In the depths of the COVID-19 pandemic in early spring, with revenue plunging 70%, Dallas software company CEO Rishi Khanna quickly decided to cut the salaries of all 12 of his employees rather than lay some of them off. Job cuts, he says, would have hurt employee morale at the firm, ISHIR.
Why these 7 U.S. mall owners, including Simon, are in trouble: S&P
With winter looming, America’s mall owners face troubling days ahead in the global health crisis, according to a new report from S&P Global Market Intelligence. As the Covid pandemic worsens, and cases and hospitalizations keep climbing to new records in the U.S., mall owners face the threat of additional shutdowns, which could paint an even bleaker picture for landlords heading into the New Year.
Million-Dollar Homebuying Soars With U.S. Rich on Shopping Binge – Bloomberg
Ray Dalio Sees ‘Flood of Money’ With Soaring Asset Prices – Bloomberg
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Technically Speaking: Margin Debt Confirms Market Exuberance – RIA
During the past couple of weeks, I have discussed thein the markets. We have pointed to indicators like extreme investor positioning, put/call ratios, etc. However, the current surge in margin debt also confirms market exuberance. First, we have to step back a bit.
Palazzo suites temporarily closing | Las Vegas Review-Journal
Las Vegas Sands Corp. is temporarily closing down its 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 a Venetian spokesperson.
How A Rookie Day Trader Ended Up Losing $127,000 : NPR
YouTube is filled with videos promising to teach you how to make big bucks trading stocks on your home computer. Matthew’s videos tell you how to lose money. A real estate agent and amateur investor, Matthew, who prefers his last name not be used because of how it might affect his career, made thousands of dollars trading stocks over the years, only to lose most of it day trading.
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 —
- The Money GPS: The Broken Economy Leaving Millions Without A Job! Economic Crisis or Opportunity?
- The Money GPS: BIS Central Banker Admits EPIC Level Crisis Is the Most Likely Result of Global Mass QE
— FOOTNOTES —
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.
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
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 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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