Economic turmoil has ensued and today we see nothing but chaos. Nothing makes sense. Nothing can be explained. There are lineups for hours to get food. But for those who are employed and now fall into the 401k millionaire status, they’re unable to see what’s around them. There are always haves and have nots. Those part of the big groups, the elite, and at the bottom, it’s everyone else. Sometimes it just takes more time to shake out the many and hand over their assets to the few.
Coronavirus drives global debt to a new record high
LONDON – The coronavirus crisis pushed global debt levels to a new high of over $272 trillion in the third quarter, the Institute for International Finance said, as it warned of the “attack of the debt tsunami.” The institute said global debt would break new records in the coming months to reach $277 trillion by the end of the year.
global debt q3 2020.jpg (795×615)
DB debt IIF q4 2020.jpg (492×393)
EM debt IIF q4 2020.jpg (492×395)
largest debt buildup on record.jpg (564×479)
total debt 360_0.jpg (502×394)
John Malone buys hard assets like housing in bet on currency devaluation
Liberty Media Chairman John Malone told CNBC that hard assets look attractive as the unprecedented coronavirus stimulus is poised to lead to a depreciation in currencies. “We’ve survived this [pandemic] because of enormous fiscal and monetary stimulus,” Malone said in an interview that aired Thursday with ” Squawk on the Street” co-host David Faber.
Fed’s Mester Says More Fiscal, Not Monetary Support, Is Needed – Bloomberg
The financial system has been seeing much investment and increased volatility. More stocks have been moving higher, especially tech stocks as [they] dominate the index. Looking at ETF’s and passive investment there is more money, debt, margin flowing in.
HOW TO MAKE MONEY ON AMAZON – FREE eCOURSE: http://TheAmazonGPS.com
LOOK THROUGH MY BOOKS! http://books.themoneygps.com
SUPPORT MY WORK: https://www.patreon.com/themoneygps
MY FAVORITE BOOKS: http://themoneygps.com/books
Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2020
— PLAYLISTS —
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 statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.