Dewey Fernfield
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.
2 clear and distinct factions have form[ed] in the economy in 2020. We are witnessing some pieces rising higher, stronger, and better than ever before. Others are dealing with serious, overwhelming problems. Look at the financial system. It is nearly caving under the weight of the incredible debt load. But certain stocks have performed incredibly well. Within the jobs situation, some are simply business as usual, others don’t have food to put on the table. The disparity is unlike anything we’ve ever seen.
Food banks and pantries see explosive demand in North Carolina
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1 billion meals challenge | Feeding America
1 billion meals challenge | Feeding America
Help match Tony Robbins’ gift of more than 20 million meals to help feed the 44 million Americans who struggle with hunger.
U.S. faces shortage of up to 8 billion meals in next 12 months, leading food bank says – The Washington Post
https://www.washingtonpost.com/business/2020/10/02/food-bank-shortage-feeding-america/
The Salvation Army Sets Out to “Rescue Christmas” Due to Immense Impact of COVID-19 | The Salvation Army USA
The Salvation Army Sets Out to
Nation’s largest social-services organization launches iconic holiday fundraising campaign earlier than ever to meet increasing need
Long-term jobless figures rise, underscoring economic pain | TheHill
Long-term jobless figures rise, underscoring economic pain
The number of people who have joined the ranks of long-term unemployment has spiked to a record high in a worrying sign of the economic recovery’s health. According to the Labor Department, the number of people out of work for more than 27 weeks increased to 2.4 million in September, an increase of 32.5 percent…
‘Great Polarization’ may be next for world’s richest, UBS says
‘Great Polarization’ may be next for world’s richest, UBS says
The huge boost to the fortunes of technology and health-care billionaires during the coronavirus pandemic may be the beginning of a more permanent trend.
Wells Fargo (WFC) Eliminates More Than 700 Jobs in Commercial Banking – Bloomberg
Venezuela, Once an Oil Giant, Reaches the End of an Era – DNyuz
DNyuz – Latest Breaking U.S. News
Latest Breaking News, U.S. and World Politics, Crime, Business, Science, Technology, Autos, Entertainment, Culture, Movie, Music, Sports.
Fed’s Kashkari warns: Delayed stimulus will have ‘enormous consequences’
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Less than 11% of people with federal student loans are paying during Covid-19
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Condo Listings Surge 215% in Signal of Downtown Toronto Weakness – Bloomberg
Hertz Drops 2020 Executive Pay Plan Judge Called Offensive – Bloomberg
UK to EU: We need to know by October 15 if trade deal is possible | Reuters
UK to EU: We need to know by October 15 if trade deal is possible
Britain needs to know by Oct. 15 if there is going to be a deal with the European Union because businesses need to prepare, Prime Minister Boris Johnson’s spokesman said on Tuesday.
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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.
There have been many interesting financial market movements in 2020. People are investing in tech stocks. They ask what are the best tech stocks in 2020. It has been shown that equities are going higher because interest rates are so low.
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.
What Is The Money GPS? The Money GPS is a news aggregation source. It compiles data from government documents, white papers, mainstream news articles, financial reports, supranational entity reports, financial charts, and any other relevant information. The information is collected, dots are connected, and compiled into videos which tend to be around 10 minutes in length. Subjects include anything from central banks, debt, stock market analysis, and information which is specifically ALTERNATIVE to what the majority of people believe. If you are looking for stock tips or help with building your portfolio, this channel is not for you. If you… Read more »
Part 2 – Extreme Wealth Inequality and the Devaluation of Currencies Courtesy of Central Banks