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Tale of Two Americas Now A Global Story. Unprecedented Recession or Fantastic Bull Market?

BOOM OR BUST?

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Massive economic disparity today as certain businesses flourish and others fail. Certain businesses that were producing billions in revenue every year are now completely bankrupt. We are witnessing a scale of unlimited potential for failure. This presents future issues as well because the impact is truly unknown. The response from government? Stimulus checks and more Fed money printing. Excellent, that should work out nicely.

 

McDonald’s, Chipotle and Domino’s Are Booming During Coronavirus While Your Neighborhood Restaurant Struggles – WSJ

https://www.wsj.com/articles/mcdonalds-chipotle-and-dominos-are-feasting-during-coronavirus-while-your-neighborhood-restaurant-fasts-11602302431

Air Canada Slashes Price of Transat Deal, Citing Covid Impact – Bloomberg

https://www.bloomberg.com/news/articles/2020-10-10/air-canada-slashes-price-of-transat-deal-citing-covid-impact

Trudeau Unveils New Plan to Help Companies Pay Rent – Bloomberg

https://www.bloomberg.com/news/articles/2020-10-09/trudeau-set-to-unveil-new-plan-to-help-companies-pay-rent?srnd=premium-canada

Retirement: It’s Becoming Tougher Than Ever Because of Low Interest Rates – Bloomberg

https://www.bloomberg.com/news/articles/2020-09-29/retirement-it-s-becoming-tougher-than-ever-because-of-low-interest-rates

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Report: Crane counts in North American cities drop for first time since 2017 | Construction Dive

Report: Crane counts in North American cities drop for first time since 2017

While four cities saw an increase in the number of cranes, others experienced what Rider Levett Bucknall called a “significant decrease” in cranes, dropping by as much as 76%.

Transportation capacity hits new lows, ‘no relief in sight’ for pricing – FreightWaves

Transportation capacity hits new lows, ‘no relief in sight’ for pricing

Transportation capacity has dropped to new lows and the precipitous rate at which pricing is increasing is expected to continue for at least the next 12 months, according to a September supply chain survey.

Robinhood Users Says There’s No One To Call When Accounts Are Hacked – Bloomberg

https://www.bloomberg.com/news/articles/2020-10-09/robinhood-users-had-accounts-looted-say-there-s-no-one-to-call?srnd=premium-canada

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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.

The stock market has risen considerably throughout 2020. This was after going higher and higher for over a decade. This is due to cheap money, debt, expansion of money supply, low interest rates.

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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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