Delaying the inevitable is an issue, there’s no doubt. What really could be done instead, is what they will ask? How can this be resolved? How much debt can be added on top of a debt problem to fix it? Can the Fed save us again? Rent and mortgages being delayed to save those who can’t afford it. Landlords might be taken out if they’re not getting any breathing room on their end. The lenders aren’t getting their revenue. The domino effect in full force. Something has to break. The question is, what will it be?
New York City Renters Owe More Than $1 Billion in Unpaid Rent, Survey Finds – WSJ
New York City apartment tenants are more than $1 billion in debt from missed rent payments during the coronavirus pandemic, according to a new survey measuring the depth of the rent crisis brought on by Covid-19.
Biden’s stimulus plan includes $1,400 checks, enhanced unemployment
When President-elect Joe Biden takes office next week, he plans to ramp up federal spending on several fronts, including financial aid for struggling families, as well as vaccine production and distribution, according to the emergency coronavirus relief plan, called the American Rescue Plan, he released Thursday.
Jobless claims surge to highest weekly total since August
First-time claims for unemployment insurance jumped to 965,000 last week amid signs of a slowdown in hiring due to pandemic restrictions, the Labor Department reported Thursday. The total was worse than Wall Street estimates of 800,000 and above the previous week’s total of 784,000.
Reinhart Frets World Faces Financial Crisis if Pandemic Lingers – Bloomberg
Federal Spending Sets Record Through December | CNSNews
(Photo by Mark Wilson/Getty Images) (CNSNews.com) – The federal government spent a record $1,376,269,000,000 in the first three months of the fiscal year (October through December), according to the Monthly Treasury Statement released today.
World Bank Chief Economist warning of persisting issues inevitably bringing a full blown Financial Crisis… Many individuals are buying stocks, more real estate, and all other assets. At the same time we are seeing countless who are behind on rent payments. Money, debt, cash, all being an issue today. Not enough money while debt is adding up. Student debt is at record levels. Credit card debt increases. Many can’t pay their rent right now.
— APPENDICES —
- The Money GPS: The Untold Truth About Money. Inside the Failing Financial System Master Plan – Mini Documentary
- The Money GPS: How To Get Out of An Economic Crisis. Action Steps To Excel, Prosper, and Prepare!
- The Money GPS: If You’re Dealing With Unemployment, Wage Cuts, or Crisis THIS Is What You Must Do
- The Money GPS: Who Controls the World? These Organizations, Institutions, and Families Run the Show
- The Money GPS: Rothschild and Rockefeller Team Up With the Vatican! Follow the Money…
- The Money GPS: The Broken Economy Leaving Millions Without A Job! Economic Crisis or Opportunity?
- The Money GPS: BIS Central Banker Admits EPIC Level Crisis Is the Most Likely Result of Global Mass QE
— FOOTNOTES —
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.
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
IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta
— PLAYLISTS —
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Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2021
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 statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.