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Economic Distress From Every Angle as Underlying Global Weakness Will Persist in 2021

GARBAGE ECONOMY DOESN’T HAVE TO BE THIS WAY — “HELP!”

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New York State Lawmakers Weigh Tax Increase on Wealthy – WSJ

New York State Lawmakers Weigh Tax Increase on Wealthy

New York state lawmakers may act this month to raise taxes on high-income people, a top legislator said, as the state confronts a budget deficit exacerbated by the coronavirus crisis. Assembly Speaker Carl Heastie, a Democrat from the Bronx, told reporters Monday he wants to increase rates during a December session so they can take effect starting in 2021.

What Happens When the 1% Move to Miami and Austin | What Happens When the 1% Go Remote – Bloomberg

https://www.bloomberg.com/news/articles/2020-12-16/what-happens-when-the-1-move-to-miami-and-austin

U.S. Treasury labels Switzerland, Vietnam as currency manipulators | Reuters

U.S. Treasury labels Switzerland, Vietnam as currency manipulators

WASHINGTON (Reuters) – The U.S. Treasury labeled Switzerland and Vietnam as currency manipulators on Wednesday and added three new names to a watch list of countries it suspects of taking measures to devalue their currencies against the dollar. In what may be one of the final broadsides to international trading partners delivered by the departing administration of U.S.

Phase One Monitor: September Update. Decoupling taking shape – RaboResearch

Phase One Monitor: September Update. Decoupling taking shape

Economic Comment Based on July trade data, China has imported USD 115bn of US goods and services covered by the Phase One trade deal China only has five months left to crank up imports of US goods and services covered by the deal by almost USD 100bn in order to reach the 2020 target in the Phase One trade deal This seems unrealistic given that US exports to China have been on a downward instead of an upward trajectory We believe that the Phase One trade deal will break down before the year is out.

Caught On Cam: 3 People Arrested After Fight Over PlayStation 5 Running Out At Walmart — CBS Miami

Caught On Cam: 3 People Arrested After Fight Over PlayStation 5 Running Out At Walmart

Cameras were rolling at a South Florida Walmart when a fight broke out because the store ran out of a popular gaming system.

StockX Raises $275 Million in Series E Funding Round

StockX Raises $275 Million in Series E Funding Round

Led by Tiger Global Management, LLC with new participation from Altimeter Capital, Sands Capital, and Whale Rock Capital Management, the raise marks the largest VC funding round in Michigan history and brings the total funds raised to $490 million.

South Carolina Legislature Online – Bill Search by Bill Number

South Carolina Legislature Online – Bill Search by Bill Number

H 3377 General Bill, By Jones Summary: Not yet available A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING ARTICLE 17 TO CHAPTER 1, TITLE 1 SO AS TO PROVIDE THAT GOLD AND SILVER COINS MINTED FOREIGN OR DOMESTIC SHALL BE LEGAL TENDER IN THIS STATE, AND TO PROVIDE THAT NO PERSON MAY COMPEL ANOTHER PERSON TO TENDER OR ACCEPT GOLD OR SILVER COIN UNLESS AGREED UPON BY THE PARTIES.

The ‘Fake Wealth’ Industry Making Influencers Look Rich

The ‘Fake Wealth’ Industry Making Influencers Look Rich

Pretending you were gifted those trainers might be the reason you’re not an influencer.

A New Satellite Can Peer Inside Buildings, Day or Night

A new satellite can peer inside some buildings, day or night

A few months ago, a company called Capella Space launched a satellite capable of taking clear radar images of anywhere in the world, with incredible resolution. It can even see inside some buildings, including spotting airplanes inside hangars – though only in the case of lightweight structures, the company clarified, and not dense ones like high rises or residential homes.


There has been more money flowing into tech stocks here in 2020. People have been buying ETF’s and ESG funds have seen a considerable amount of cash piling in. Money has been very cheap these days as interest rates are very low. Mortgage rates are low. More borrowing is happening with currency devaluing.


— APPENDICES —

— The Money GPS: Crisis or Bump in the Road? | Is this a crisis in your life that defines you? Or a bump in the road that you will overcome? (Instagram Dec 19, 2020)

— The Money GPS: Aim Higher (Instagram Dec 17, 2020)

— The Money GPS: Never lose money (Instagram Dec 16, 2020)

— 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 —

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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.

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IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta

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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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Every day, businesses are born, others destroyed. Always keep up with the trends. Always have a set of relevant skills or it’s too easy to be left behind. Market your skills. Use Craigslist, Kijiji, Upwork, Fiverr. #money #debt #getoutofdebt

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“I don’t have money to invest” is not an accurate statement. We can invest in ourselves every day. What we read, what we learn, who we spend time with. These are all investments in time and can make a huge difference in our lives. #money #debt #invest


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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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If You’re Dealing With Unemployment, Wage Cuts, or Crisis THIS Is What You Must Do

Populists called to last stand on January 6th [Video]