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93% of World in Recession as Nearly Half of Small Businesses May Close! Economic Contraction

CAN THE GLOBAL ECONOMY RECOVER?

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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There has never been a time like this in history. More money has been flowing into financial markets and yet the economies around the world have been suffering. In addition, the prospects for the following year are even worse. This is not sustainable when adding more debt on top of a weak economy, is the supposed solution. This cannot end well.

 

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Alignable: 48% Of Small Businesses Risk Closing in Q4, New Poll Says – Alignable

48% Of Small Businesses Risk Closing In Q4

Alignable just released the results of a new poll that reveals as many as 48% of small businesses risk closing in Q4 due to COVID issues

More Than Half of New York’s Restaurants Are in Danger of Closing, According to New Survey – Eater NY

https://ny.eater.com/2020/12/11/22166728/new-york-restaurant-closing-survey-pandemic

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The Super-Rich Are Buying Luxury Online Like Never Before – Bloomberg

https://www.bloomberg.com/news/articles/2020-12-07/the-super-rich-are-buying-luxury-online-like-never-before?cmpid=BBD120720_OUS&utm_medium=email&utm_source=newsletter&utm_term=201207&utm_campaign=openamericas&sref=RJ2RlMrh

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(2) Charlie Bilello on Twitter:

“The S&P 500’s P/E ratio has moved from 20.6 at the start of 2020 to 30.3 today, on pace for the highest year-end multiple on record (using TTM earnings). $SPX https://t.co/Pxqg1r3aWJ” / Twitter

Win Smart, CFA on Twitter: “⚡2020 IPO FRENZY⚡ pic.twitter.com/VY8LO8pa8b / Twitter”

⚡2020 IPO FRENZY⚡ pic.twitter.com/VY8LO8pa8b

— 2020 IPO FRENZY

https://twitter.com/WinfieldSmart/status/1337749351356100612/photo/2

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How Japan nationalized its stock market – Asia Times

How Japan nationalized its stock market – Asia Times

The concept of a creature dining on its own tail – suggesting a self-generated growth cycle – is a macabre one. So how about blowing it up to its logical limit: A whale eating its own tail? In fact, this “whale of a tale” – excuse the puns – is exactly what is happening in Japanese financial circles.

Eco Week: Fed’s Nightmare Year Isn’t Over Yet as U.S. Jobs Sour – Bloomberg

https://www.bloomberg.com/news/articles/2020-12-12/fed-s-nightmare-year-isn-t-over-yet-as-u-s-jobs-sour-eco-week?srnd=premium-canada

BofA: Central Banks Are Buying $1.3 Billion In Assets Every Hour, Creating A “Frankenbull” Market | ZeroHedge

Zerohedge

ZeroHedge – On a long enough timeline, the survival rate for everyone drops to zero

Money Managers’ Record-Low Fees Are About to Sink Even Lower – Bloomberg

https://www.bloomberg.com/news/articles/2020-12-08/money-managers-record-low-fees-are-about-to-sink-even-lower#:~:text=Money%20Managers’%20Record%2DLow%20Fees%20Are%20About%20to%20Sink%20Even%20Lower,-By&text=The%20pressure%20on%20money%20managers,Brown%20Brothers%20Harriman%20out%20Tuesday.

Goldman’s Florida Flirtation Stings Shaken NYC Office Market – Bloomberg

https://www.bloomberg.com/news/articles/2020-12-08/goldman-s-florida-flirtation-stings-in-shaken-nyc-office-market?srnd=business-of-equality&sref=6uww027M


The financial system has seen an influx of money. More debt has been piling in. Mortgages are growing. Stocks are rising higher. Equities are seeing gains especially with tech stocks. ETF’s.


— APPENDICES —

— 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: “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

The Money GPS on Twitter: “I’m listening to the Fed press conference. Jerome Powell hasn’t said one useful thing. This is painful. #jeromepowell #fed #thefed / Twitter”

I’m listening to the Fed press conference. Jerome Powell hasn’t said one useful thing. This is painful. #jeromepowell #fed #thefed

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


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How To Fix the Economy – Introduction
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How To Fix the Economy – Media
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The Money GPS on Twitter: “The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #money #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT / Twitter”

The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #money #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT


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Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2020


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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