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2021 Store Closures Expected To Hit 10,000! Job Losses 4 Times Worse Than 2008 Crisis!

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source / The Money GPS

Alternative Data Show Growth Stumble on Fresh Virus Fear: Chart – Bloomberg

https://www.bloomberg.com/news/articles/2021-01-22/alternative-data-show-growth-stumble-on-fresh-virus-fear-chart?sref=RJ2RlMrh

Pandemic aftershocks overwhelm global supply lines

MSN

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Godiva is closing or selling all of its stores in the United States – CNN

Godiva is closing or selling all of its stores in the United States | CNN Business

Luxury chocolatier Godiva is getting out of the brick and mortar business.

Job losses from virus 4 times as bad as ’09 financial crisis

Job losses from virus 4 times as bad as ’09 financial crisis

A UN report says that four times as many jobs were lost last year due to the coronavirus pandemic as during the worst part of the global financial crisis in 2009.

International cooperation – World stands to witness greatest rise in inequality since record-keeping began | The Economic Times

World stands to witness greatest rise in inequality since record-keeping began – Extreme inequality

A temporary tax on excess profits made by the 32 global corporations that have profited the most during the pandemic could have raised $104 billion in 2020, Oxfam said. International cooperation would be key to implementing many changes, said Jayati Ghosh, an economics professor at the University of Massachusetts Amherst who was among the economists polled by Oxfam for the report.

U.S. Suffers Sharpest Rise in Poverty Rate in More Than 50 Years

MSN

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Billionaires thriving as poor suffer under COVID-19: Oxfam

Billionaires thriving as poor suffer under COVID-19: Oxfam

The 10 richest men, including Amazon’s Jeff Bezos, Tesla founder Elon Musk, Microsoft’s Bill Gates and Facebook CEO Mark Zuckerberg, saw their net worth increase by $540 billion

The Office Market in San Francisco Is Even Worse Than New York’s – Bloomberg

https://www.bloomberg.com/news/articles/2021-01-22/the-office-market-in-san-francisco-is-even-worse-than-new-york-s?sref=RJ2RlMrh

Man used $2M in COVID relief for a Bentley, Tesla, Las Vegas condos: feds

Man used $2M in COVID relief for a Bentley, Tesla, Las Vegas condos: feds

A Las Vegas man allegedly stole about $2 million in federal COVID-19 relief funds meant for small businesses – all so he could buy luxury cars and homes, prosecutors said. Jorge Abramovs has …


We are witnessing more economic challenges right now in 2021. There is more debt in the system as we have seen a jobs, manufacturing, retail, other industries. More cash, debt, taking advantage of very low interest rates. More money, stimulus needed to keep the boom going.


— APPENDICES —

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— The Money GPS: Jim Cramer says don’t go for grand slam. What do you think? (Instagram Jan 29, 2021)

 

https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/

archive

— The Money GPS: Robinhood caps hot stocks like #gme to 1 share! (Instagram Jan 29, 2021)

 

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— The Money GPS: STOCK MARKET TUMBLES as GME soars (Instagram Jan 29, 2021)

 

KOSS Interactive Stock Chart | Koss Corporation Stock – Yahoo Finance

At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

— The Money GPS: Find a company you thought was no longer in business, buy some shares, get rich quick. Is that what’s seriously happening right now?! (Instagram Jan 29, 2021)

 

— The Money GPS: Hedge your bets like @mcuban ? (Instagram Jan 28, 2021)
— The Money GPS: Fed won’t pull the plug right? (Instagram Jan 25, 2021)
— The Money GPS: Delaying the inevitable pain. (Instagram Jan 25, 2021)
— The Money GPS: Money flooding into stocks (Instagram Jan 24, 2021)
— The Money GPS: 2 ears, 1 mouth — use in that ratio. (Instagram Jan 23, 2021)
— The Money GPS: Buy the biggest shorts? (Instagram Jan 23, 2021)
— The Money GPS: Investing legend says bad things are coming because paper printing does not create an economy. (Instagram Jan 22, 2021)
— The Money GPS: The purpose of big tech is to absorb your data. Not to provide a service and later take advantage of you. Look up In Q Tel. (Instagram Jan 21, 2021)
— The Money GPS: Moving south? (Instagram Jan 21, 2021)
— The Money GPS: Bitcoin going higher? (Instagram Jan 20, 2021)
— The Money GPS: Janet Yellen will you go “big”? (Instagram Jan 19, 2021)
— The Money GPS: Time to move? (Instagram Jan 19, 2021)
— The Money GPS: Never stop (Instagram Jan 18, 2021)
— The Money GPS: Invest in yourself first (Instagram Jan 18, 2021)
— The Money GPS: BITCOIN HITS $40,000 (Instagram Jan 7, 2021)
— The Money GPS: To get where you want to be, you have to know where you are now. (Instagram Jan 4, 2021)
— The Money GPS: Aim Higher (Instagram Dec 17, 2020)
— The Money GPS: Never lose money (Instagram Dec 16, 2020)
— The Money GPS: Master one thing before moving on. Know where you are in the cycle. (Instagram Dec 15, 2020)
— The Money GPS: Be a better investor | How to be a better investor. Window shop! (Instagram Dec 12, 2020)

— 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: “Powell was just asked about GameStop stock. Said he doesn’t want to comment. Yea… We know you don’t want to comment on it because you’ve created this madness. David Liesman asked a follow up, specifically asked him to talk about super low rates creating a bubble #gamestop pic.twitter.com/JF0mPhS9PY / Twitter”

Powell was just asked about GameStop stock. Said he doesn’t want to comment. Yea… We know you don’t want to comment on it because you’ve created this madness. David Liesman asked a follow up, specifically asked him to talk about super low rates creating a bubble #gamestop pic.twitter.com/JF0mPhS9PY

The Money GPS on Twitter: “Powell: “The real unemployment rate is close to 10% when you include those who have left the labor force” Money printing does not impact asset prices. Stocks and low interest rates not very correlated #gamestop pic.twitter.com/qruhSmyBZL / Twitter”

Powell: “The real unemployment rate is close to 10% when you include those who have left the labor force” Money printing does not impact asset prices. Stocks and low interest rates not very correlated #gamestop pic.twitter.com/qruhSmyBZL

The Money GPS on Twitter: “We live in a fantasy land. More money flowing in than ever before, IPO frenzy, housing skyrocketing. Euphoria never end well. The higher it goes the worse it will be. Slow and steady growth is much safer. #money #investments #debt / Twitter”

We live in a fantasy land. More money flowing in than ever before, IPO frenzy, housing skyrocketing. Euphoria never end well. The higher it goes the worse it will be. Slow and steady growth is much safer. #money #investments #debt

The Money GPS on Twitter: “IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta / Twitter”

IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta


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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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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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Luka-The-K9
Reply to  Dewey Fernfield
January 31, 2021

Yes Dewey

As you probably know they wanted another Marshall plan for Europe.

Of course since the RF has rebuilt the NATO “wazzocks” know they will be defeated.

TG 252 of THE GAGGLE this week explores and identifies the “burgercrat class”

Well done THE GAGGLE.

Luka-The-K9
Reply to  Luka-The-K9
January 31, 2021

For readers who are “talk radio” fans the best laughs are given by the Edinburgh

office of Radio Sputnik International on week days between 1500 and 1700

GMT.

Now that is real entertainment.

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