in ,

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

source

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

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

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

Here’s why these 7 U.S. mall owners, including Simon, are in trouble, S&P Global MI warns

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.

106808053-1607451019081-20201208_mall_reit_risk_factors.png (740×451)

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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

m2 velocity gundlach.jpg (850×591)

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Technically Speaking: Margin Debt Confirms Market Exuberance – RIA

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.

image_2020-12-05_090414.png (870×578)

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Palazzo suites temporarily closing | Las Vegas Review-Journal

Las Vegas Sands temporarily shuttering Palazzo tower suites

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

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

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 —


— FOOTNOTES —

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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.

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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

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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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