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Each sector has felt the Crisis of 2020 differently, that’s for sure. Retail has taken a huge hit, there’s no doubt and as a result, the data is piling up and won’t stop. We have seen such a massive injection of capital into the system but it won’t do any good. This sector was weakened before 2020 and this just put it over the edge. W[h]at will come of all of this commercial real estate?
Struggling Retailers Rack Up $52 Billion in Missed Rent – Bloomberg
Delayed unemployment benefits led to $20,000 in credit card debt
https://www.cnbc.com/2020/11/21/delayed-unemployment-benefits-led-to-20000-in-credit-card-debt-.html
change in debt to gdp.jpg (720×694)
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Kenya Seeks $2.3 Billion Loan From IMF to Help Economic Recovery – Bloomberg
. [Guitar Center Takes Next Step to Recapitalize Company with Comprehensive Support Agreement and Financing]
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Dow could hit the 40,000-point level next year, analyst says
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Amazon Expands Push Into Health Care With Online Pharmacy – Bloomberg
Buffett bets on big pharma and bails on banks
Buffett bets on big pharma and bails on banks
Berkshire Hathaway takes new stakes in Pfizer and Merck and increases its stake in AbbVie and Bristol-Myers Squibb
Tech icon criticizes San Francisco, announces move to Florida: ‘Impossible to stay here’
Tech icon criticizes San Francisco, announces move to Florida
Keith Rabois, an early executive and investor at PayPal, Square, LinkedIn and more, told…
Caribbean Island Work Rule and Covid-19: How to Enter, What Visa, How Long Stay – Bloomberg
Canadian Housing Market Gets Reality Check With Drop in Sales – Bloomberg
Worldwide Cost of Living 2020 – Economist Intelligence Unit
Worldwide Cost of Living 2020
The Worldwide Cost of Living Survey compares more than 400 individual prices across 160 products and services in cities around the world
The stock market has been driven higher by ultra low interest rates. The economy is going in a very different direction in 2020.
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“In your opinion, what do you think will happen to the retail jobs? Will they be filled once again in 2021? Or will there be massive displacement for millions?”
#TheMoneyGPS
Don’t worry, the democrat communists have a plan.
Blame Trump.