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Job Losses RISE as Old Economy FALLS Like the Titanic! Fed Warns 2021 QE Taper

CONSENSUS THEN COLLAPSE

source / The Money GPS

Economic problems surround us and the stock market is simply ignoring it. The worse things get, the more the Fed will pump the markets. When the Fed is questioned about their actions, it’s always softballs and purposely wasting time to prevent real questions from slipping out. Nobody must question the true narrative of why the Fed is doing what they do in the first place when their dual mandate can’t be resolved by their actions. But I guess who cares, right?

 

Jobs report December 2020: First monthly job loss in 8 months

Economy sees job loss in December for the first time in eight months as surging virus takes toll

Job creation came to a halt in December as restrictions brought on by surging Covid-19 cases hammered virus-sensitive industries, particularly bars and restaurants, which lost nearly half a million positions. The Labor Department reported Friday that nonfarm payrolls fell by 140,000. That was below expectations for 50,000 from economists surveyed by Dow Jones.

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Stock Market Bubble Built on Interest Rates Must End Some Day – Bloomberg

https://www.bloomberg.com/opinion/articles/2021-01-08/stock-market-bubble-built-on-interest-rates-must-end-some-day?srnd=premium-canada

United States Balance of Trade | 1950-2020 Data | 2021-2023 Forecast | Calendar

United States Balance of Trade | 1950-2020 Data | 2021-2023 Forecast | Calendar

The trade deficit in the US widened to $68.1 billion in November of 2020 from $63.1 billion in October, well above market expectations of $65.2 billion. It is the biggest trade gap since August of 2006 as exports rose 1.2 percent and imports 2.9 percent.

Wall Street Is the Most Bullish on Commodities in a Decade – Bloomberg

https://www.bloomberg.com/news/articles/2021-01-08/wall-street-is-the-most-bullish-on-commodities-in-a-decade?srnd=premium-canada

Canada Loses Jobs for First Time Since April on Covid Clampdown – Bloomberg

https://www.bloomberg.com/news/articles/2021-01-08/canada-s-job-market-loses-jobs-for-first-time-since-pandemic-hit?srnd=premium-canada

Richest Americans Brace for Higher Taxes, Await Moves by Biden, Senate Democrats – Bloomberg

https://www.bloomberg.com/news/articles/2021-01-08/richest-americans-brace-for-higher-taxes-await-moves-by-biden-senate-democrats

Harker Says Fed May Begin Paring Bond Purchases in Late 2021 – Bloomberg

https://www.bloomberg.com/news/articles/2021-01-07/harker-says-fed-may-begin-paring-bond-purchases-in-late-2021?sref=q1j4E2z1

(12) Sven Henrich on Twitter:

“No shit:

Kaplan: “I worry that bond buying has some distorting impact on price discovery, that they encourage excessive risk taking, & excessive risk taking can create excesses & imbalances that can be difficult to deal with in the future.” https://t.co/M8OqPd9oVN” / Twitter

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No shit:Kaplan: “I worry that bond buying has some distorting impact on price discovery, that they encourage excessive risk taking, & excessive risk taking can create excesses & imbalances that can be difficult to deal with in the future.”https://t.co/M8OqPd9oVN

Mohamed El-Erian: «This Is Starting to Get to Dangerous Levels»

Mohamed El-Erian: “This Is Starting to Get to Dangerous Levels”

Deutsche Version Hardly anything can unsettle the markets: Whether it’s a potentially more dangerous mutation of the coronavirus, the Democrats’ surprising majority win in the U.S. Senate or the images of an angry mob storming the U.S. Congress: the bull market in stocks continues undeterred.

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The stock market continues to move higher and higher. We are seeing tech stocks, technology stocks rising higher and higher to new record highs constantly. Interest rates are very low and so investors are looking for places to put their capital, cash, money. Debt is expanding alongside this stock market growth.


— APPENDICES —

— The Money GPS: BITCOIN HITS $40,000 (Instagram Jan 7, 2021)

— The Money GPS: To get where you want to be, you have to know where you are now. (Instagram Jan 4, 2021)

— 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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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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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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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.

#money #finance #invest

 

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penrose
penrose
January 12, 2021

Time for America to split up and go the way of the Dodo bird.
Replace MAGA with SUAN (Split-Up-America-Now)

Twitter stock crumbles. Dorsey mocks Parler ban from app store

Big Brother Comes For…Big Brother