Dewey Fernfield
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.
There is one very consistent trend that has been very loud in the media, lots of stimulus measures. We know that. But there’s an underlying, almost silent trend. Jobs going away and never coming back. We’re always told that the middle class will be better off, next year, next 5 years, 10 years and so on. But the trend has been dominated by an evaporation of the middle class. Real wages are declining. Stimulus can’t fill the gap.
IMF: $12 trillion stimulus from government. $7.5 trillion from central banks. Nearly $20 trillion flood of money in a span of months.
Exclusive: Wisconsin report confirms Foxconn’s “LCD factory” isn’t real – The Verge
Exclusive: Wisconsin report confirms Foxconn’s so-called LCD factory isn’t real
A memo says Foxconn’s Wisconsin “LCD factory” is extremely small, now permitted for storage, and may be better as a showcase than actually manufacturing LCDs.
Wisconsin’s Foxconn Boondoggle Looks Worse Than Ever – Reason.com
Wisconsin’s Foxconn Boondoggle Looks Worse Than Ever
President Donald Trump and Gov. Scott Walker promised thousands of jobs in return for billions of dollars in subsidies from the state. More than two years later, there’s little to show for it.
Opinion | Many companies pay nothing in taxes. The public has a right to know how they pull it off. – The Washington Post
Opinion | Many companies pay nothing in taxes. The public has a right to know how they pull it off.
There are two solutions that could achieve this.
Half of Europe’s Smaller Businesses Risk Bankruptcy Within Year – Bloomberg
Rich New Yorkers flee to Hamptons, sparking $1B real estate boom
Rich New Yorkers flee to Hamptons, sparking $1 billion real estate boom
In just three short months – from July to September – almost one billion dollars worth of property was snapped up in the Hamptons, according to a new market report by Brown Harris Stevens.
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Bloomberg – Bloomberg
https://www.bloomberg.com/canada
IMF concerned over post-COVID social unrest across Latin …
https://news.trust.org/item/20201022222757-gs7k8
IMF Videos – A New Bretton Woods Moment
A New Bretton Woods Moment
IMF Annual Meetings Plenary Speech by Kristalina Georgieva. She calls for action to ensure a durable recovery and resilient future as countries adapt to structural transformations brought on by climate change and the new digital and knowledge economy
Walmart’s new store design proves browsing is dead
https://www.fastcompany.com/90557727/walmarts-new-store-design-proves-browsing-is-dead
Santa Claus won’t be coming to Macy’s Herald Square this year
Santa Claus won’t be coming to Macy’s Herald Square this year
Santa Claus won’t be greeting kids at the flagship Macy’s store in Midtown this year due to the coronavirus.
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The employment scenario has been interesting for many. People are looking for high paying jobs. Stocks are going higher in price and the economy is moving in a different direction.
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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In reference to the $20 Trillion and the “New” Bretton Woods, the IMF head said nothing really about Bretton Woods in that it’s a new monetary system. I was interested to see if they would officially call for it but it was more fluff… Do you expect to see a new monetary system at some point?
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