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.
Mass layoffs are taking place today and in contrast, we have seen such euphoria in the stock market. Of course, to those who have been paying attention, easy money policies have not only enabled this but encouraged such behavior. There has never been a time in history when such a discrepancy has occurred and yet the media, the analysts, the investors are all chanting and cheering for it to never stop, even for a day. Big mistake.
U.S. airline jobs to hit lowest levels in years after Covid cuts 90K jobs
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Job Openings, Hiring in Banking Are Falling, While Firings Rise, Offers Pay Less – Bloomberg
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COVID-19 will drastically change travel habits forever – Inmarsat
https://www.inmarsat.com/news/covid-19-will-drastically-change-travel-habits-forever/
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https://www.zerohedge.com/s3/files/inline-images/GS%20econ%20gdp%20forecast.jpg?itok=lcKCbrKM
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Former Kodak executives given millions in stock for options they did not own | Financial Times
Former Kodak executives given millions in stock for options they did not own
Company blames internal ‘deficiencies’ for award and takes $5.1m expense
$521,769,000,000: Federal Spending Sets Record for First Month of Fiscal Year | CNSNews
Front Page Featured | MRCTV
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US piles up record October budget deficit of $284.1 billion
US piles up record October budget deficit of $284.1 billion
WASHINGTON (AP) – The U.S. is starting the 2021 budget year the way the old year ended, with soaring deficits.
CA: Golden Gate Bridge tolls may go up as district faces financial crisis: ‘It’s quite brutal’ | Mass Transit
https://www.masstransitmag.com/management/news/21162173/ca-golden-gate-bridge-tolls-may-go-up-as-district-faces-financial-crisis-its-quite-brutal?utm_source=MASS+NewsViews+Newsletter&utm_medium=email&utm_campaign=CPS201111055&o_eid=7111F4679190C2R&rdx.ident%5Bpull%5D=omeda%7C7111F4679190C2R
Should working from home be taxed? – MarketWatch
https://www.marketwatch.com/story/should-working-from-home-be-taxed-11605027448
Greece Offers Tax Breaks to Lure the Work-From-Anywhere Crowd – Bloomberg
Global Rich Are Rushing to Buy UK Country Homes and Historic Estates – Bloomberg
Chipotle opens its first digital-only restaurant as online orders soar
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The stock market has risen in particular tech stocks. People have been asking what tech stocks should I buy? They are purchasing ETF’s and stocks like Apple and Amazon. The economy has been in a different scenario as we have seen an unwinding.
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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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“This is the madness of 2020. Job cuts, economy weak, stocks up. But 2021 looks to be much worse for the economy. Stocks on the other hand will definitely need some more QE. “Only” $20 trillion from global central banks in a few months is definitely not enough. What do you think? 2021 BETTER or WORSE for the economy and/or stock market?”
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Killer Kapitalism…Even the largest bubble will burst one day.