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Deepest Economic Contraction in History Has Only Just Begun To Wreak Havoc

POVERTY BECOMES NORMAL

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There are serious consequences for attempting to stop the business cycle from functioning. The system needs an Economic Detox and yet it’s just getting more of the [s]ame garbage fed to it, every single day. The problem is only compounded. The danger is only mounting. The desire to create a bigger bubble is not to help people, help the retirement account[s], and help main street. It’s specifically to cause the biggest collapse possible to effect massive change, further erode the middle class, and enrich the elite. But hey, who cares, right?

 

Goldman Warns of More Job Losses With Jumbo Mergers on the Rise

Goldman Warns of More Job Losses With Jumbo Mergers on the Rise

Wall Street’s top matchmaker for megadeals sees a wave of corporate takeovers coming with a worrying implication for the workforce: a jump in job losses.

Pandemic worsens NYC’s food crisis

Pandemic worsens NYC’s food crisis

An estimated 1.5 million New Yorkers cannot afford food, according to the New York Times. Their only lifeline is a food pantry.

Rampant shoplifting leads to another Walgreens closing in S.F. – SFChronicle.com

Rampant shoplifting leads to another Walgreens closing in S.F.

Speculating on where all the merchandise had gone, a clerk at the Walgreens at Van Ness…

Real Estate Market: Rental Apartments, Houses Pile Up From New York to Singapore – Bloomberg

https://www.bloomberg.com/news/articles/2020-10-20/real-estate-market-rental-apartments-houses-pile-up-from-new-york-to-singapore?srnd=premium-canada

Container slots sell out, risking holiday ‘shipageddon’ – FreightWaves

Container slots sell out, risking holiday ‘shipageddon’

On a collision course: holiday timing, surging consumer demand, thin inventories, and capacity constraints for container liners and ports.

Technically Speaking: Market Bulls Are “All-In” Again – RIA

Technically Speaking: Market Bulls Are “All-In” Again

Here we go again, “market bulls” are once again “all in” the market as we head into a potentially contested election. A look at the risk, & rules to follow.

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U.S. Justice Department hits Google with biggest antitrust …

https://news.trust.org/item/20201020125802-8fsx9

Top Universities Took Billions in Unreported Foreign Funds, U.S. Finds – WSJ

https://www.wsj.com/articles/top-universities-took-billions-in-unreported-foreign-funds-u-s-finds-11603226953

Robots Encroach on Up to 800 Million Jobs Around the World

Robots Encroach on Up to 800 Million Jobs Around the World

Advances in automation technology threaten a significant share of jobs in industries accounting for nearly a quarter of the global workforce, according to Bloomberg Economics’ estimates.


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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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