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Can the U.S. Dollar Survive the Mega Stimulus? Economic Meltdown Magnifies Debt

DOLLAR DESTRUCTION

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As more and more people find themselves without work, governments will feel the additional pressure. T[h]is has already been highlighted in the increase of taxation on the public. More taxation equates to slower growth. As a result, more stimulus will be needed. This cycle will continue and there will be no more market. Just control from the few, over the many. In any historical similarity, this always ends badly.

 

Americans Not Paying Rent: Las Vegas Tops US in Apartment Delinquencies – Bloomberg

https://www.bloomberg.com/news/articles/2020-10-05/las-vegas-tops-u-s-in-rise-of-apartment-tenants-not-paying-rent?sref=RJ2RlMrh

Las Vegas Tops U.S. in Rise of Apartment Tenants Not Paying Rent

Las Vegas Tops U.S. in Rise of Apartment Tenants Not Paying Rent

(Bloomberg) — With Covid 19 tanking tourism, Las Vegas saw the biggest jump in apartment tenants who have stopped paying rent. In September, 10.6% of Vegas tenants missed a rent payment, up from 4.1% a year earlier, the largest increase in the U.S.

Cineworld brings down the curtain on U.S., U.K. theaters; 45,000 jobs hit

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Singapore ‘cruises to nowhere’ plan sparks virus fears

MSN

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Toyota’s robotic butler will serve you from the ceiling | Popular Science

Toyota’s robotic butler will serve you from the ceiling

The Toyota Research Institute showed off some of the robotics work it has been doing over the past five years.

IMF coronavirus recovery: public investment could create millions of jobs

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The end of the dollar’s exorbitant privilege | Financial Times

The end of the dollar’s exorbitant privilege

A crash is likely given the collapse in US domestic saving and a gaping current account deficit

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Eurozone Deflation Will Push ECB To Act As Soon As December – Christophe Barraud

https://www.christophe-barraud.com/en/eurozone-deflation-will-push-ecb-to-act-as-soon-as-december

Canadians will pay the bill for COVID-19 in higher taxes — here’s how it will likely happen | The Star

https://www.thestar.com/business/opinion/2020/10/05/canadians-will-pay-the-bill-for-covid-19-in-higher-taxes-here-are-some-possibilities.html?utm_source=Twitter&utm_medium=SocialMedia&utm_campaign=Business&utm_content=canadiancovidbill


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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 economy is in a different position today in 2020 than it was in 2019, that’s for sure. The stock market has continuously hit record highs and it hasn’t let up. Money, debt, margin continues to expand as well. Corporate profits are expected to not matter as more stock buybacks happen.

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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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