There has been much investment into tech stocks. An embrace of the unknown has become normal today. Unknowns such as: Will the company ever be profitable? What exactly does this company really do anyway? Will this business model even make sense next year? But I guess the real question is who cares? Right? I mean, the Fed will never let it fall anyway. They love us. They love us so much they met in secret in 1913, colluded with politicians to pass a law allowing them to overtake the financial system, and now won’t even allow their criminality to ever be audited and even the suggestion of it is laughed off. Good stuff.
San Francisco Rents Drop 35% as Tech Embraces Remote Work in Pandemic – Bloomberg
‘It’s decimated down here’: About 85% of San Francisco FiDi, SoMa restaurants are closed
The sight of hurried business types carrying boxed salad was typical of San Francisco’s downtown lunch rush before March. But as the business crowd remains at home, that once familiar scene has since been replaced with emptied streets and dimmed storefronts.
DoorDash, Airbnb Deserve Their IPO Billions – Bloomberg
Tesla, Trading at $650, Gets $90 Price Target From JPMorgan – TheStreet
Tesla Inc. shares fell from their record high close of $650 per share Wednesday as analysts from JPMorgan lifted their price target on the clean energy carmaker to just $90.
valuation chart gundlach.png (656×430)
U.S. IPO Index – Renaissance Capital
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost.
Wage gap: Highest-paid workers see pay rise much faster
Yes, the rich got richer: Top 1% saw their wages soar by 160% since 1979, six times the increase of the bottom 90% of workers
The rich aren’t just getting richer. They’re getting there faster than the rest of America’s workers. During the last economic expansion, from 2009 to 2019, average yearly wages for the bottom 90% of workers rose 8.7% after adjusting for inflation, according to an analysis of Social Security Administration data by the liberal Economic Policy Institute (EPI).
Toronto’s Languishing Condos Put Mom-and-Pop Investors in a Bind – Bloomberg
Bank of Canada Holds Steady on Rates, Reiterates Guidance – Bloomberg
New York Needs to Raise Taxes, Gov. Andrew Cuomo Says – WSJ
ALBANY, N.Y. – New York Gov. Andrew Cuomo said the state will need to raise taxes to bridge its current budget deficit, even if Congress approves more funding as part of a coronavirus relief bill.
Billionaire Shocked by Son’s Quick $50 Million Trading Loss
Bloomberg 4 days ago Jonathan Browning (Bloomberg) — The son at the center of a $600 million divorce case in London said he felt he let his father down when he lost more than $50 million while day trading as a college student.
We have seen the financial system filled with new debt, more cash, more money here in 2020. As we move in 2021, more people have been looking for much higher stock prices. The tech stocks are seeing gains every single day with more money flowing in.
— APPENDICES —
Read about how our guardians use their combined imagination, influence and resources to change capitalism for good.
- 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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