We have witnessed an acceleration of the trends previously seen in 2017. Month after month of gains. Indicators flashing red. Warning signs everywhere. But 2020 is truly different. Different in that there is basically nobody suggesting the markets will go down at this point. The Fed has acknowledged they desire confetti currency and the people love it. But do they even know what they are wishing for?
Coronavirus: How the pandemic impacts America’s “working poor”
In just the past six months, more than 22 million American jobs have been lost, and fewer than half have so far returned. Even when they were working, many people weren’t earning enough to get by. Trying to survive on low-paying jobs prompted journalist David Shipler in 2004 to write, The Working Poor: Invisible in America.
BlackRock Leads Investors Worldwide With ‘Follow the Fed’ Mantra – Bloomberg
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(20) Sven Henrich on Twitter:
“The credit bubbles keep getting larger. https://t.co/uRaXD1Glb1” / Twitter
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Barry Sternlicht’s S$700 Million Starwood Retail CMBS Portfolio on the Brink – Bloomberg
Billionaire Ron Perelman selling almost everything as pandemic roils his empire, Banking & Finance – THE BUSINESS TIMES
NEW YORK] Bit by bit, billionaire Ronald Perelman is parting with his treasures. His Gulfstream 650 is on the market. So is his 257-foot yacht. Movers hauled crates of art from his Upper East Side townhouse after he struck a deal with Sotheby’s to sell hundreds of millions of dollars of works.
Six Giant Tesla (TSLA) Batteries Used to Keep Lights on in Britain – Bloomberg
Qantas seven-hour flight to nowhere sells out in 10 minutes | CNN Travel
(CNN) – Pre-pandemic, many of us viewed flying simply as a method of getting from one destination to another as quickly as possible. But amid global restrictions, travelers have been daydreaming not only about far-flung destinations, but the flying experience itself — from the thrill of the take-off to the unmatched views of the Earth from the cabin window.
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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 monetary system is designed to create debt. More debt is beneficial for the lender because they can effectively borrow from deposits and loan many times that amount. Cash has been flowing into equities with tech stocks, technology companies seeing particular interest.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.