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.
The Federal Reserve has created a stock market bubble. It was the intention all along of course. There has never been a time in which so much enthusiasm has been present while so many are struggling with basic essentials like food and housing. A grand disparity has formed and will always find it reverting to the mean.
Fed’s Powell: Jobless Rate Better Than Expected; Recovery To Take A Long Time : NPR
Fed’s Jerome Powell: Jobless Rate Better Than Expected; Recovery To Take A Long Time
In an interview with NPR, Powell says it may take years before the economy has fully recovered. He says practicing social distancing and wearing masks is essential for the economy to rebound.
(20) Bloomberg on Twitter:
“The number of people in the U.S. seeing permanent job losses rose by about half a million to 3.4 million, the highest level since 2013. It points to the ongoing business closures, bankruptcies, and investment cuts across the country https://t.co/bh4b4ZjdMa https://t.co/UxPOmQkCc3” / Twitter
Bloomberg on Twitter: “The number of people in the U.S. seeing permanent job losses rose by about half a million to 3.4 million, the highest level since 2013. It points to the ongoing business closures, bankruptcies, and investment cuts across the country https://t.co/bh4b4ZjdMa pic.twitter.com/UxPOmQkCc3 / Twitter”
The number of people in the U.S. seeing permanent job losses rose by about half a million to 3.4 million, the highest level since 2013. It points to the ongoing business closures, bankruptcies, and investment cuts across the country https://t.co/bh4b4ZjdMa pic.twitter.com/UxPOmQkCc3
Huge Discrepancies Cast Doubt On the Better Than Expected Jobs Report
Huge Discrepancies Cast Doubt On the Better Than Expected Jobs Report
Unemployment Rate CalculationThe unemployment rate is calculated by dividing the number of unemployed by the civilian labor force.Unemployment Rate = 13.550 million / 160.838 million = 8.42% N…
50% in U.S. Fear Bankruptcy Due to Major Health Event
50% in U.S. Fear Bankruptcy Due to Major Health Event
Half of all U.S. adults are concerned that a major health event could lead to bankruptcy, while 15% carry medical debt that they will be unable to repay in the next 12 months.
Worries grow over a K-shaped economic recovery that favors the wealthy
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FAO – News Article: Global food prices rise in August
http://www.fao.org/news/story/en/item/1305855/icode/
Hotel crisis hits new milestone – Axios
America’s hotels are on life support this Labor Day
The pandemic-era travel drought has continued through major holiday weekends.
Oil Industry Is Fading Away in Land of the World’s Richest Reserves – WSJ
https://www.wsj.com/articles/oil-industry-is-fading-away-in-land-of-the-worlds-richest-reserves-11599238961
Car Sales Are Down Almost 20%, but Prices Are Setting Records – WSJ
https://www.wsj.com/articles/car-sales-are-down-almost-20-but-prices-are-setting-records-11599219000
Apple stock enters correction territory with valuation set to fall below $2 trillion – MarketWatch
https://www.marketwatch.com/story/apple-stock-enters-correction-territory-with-valuation-set-to-fall-below-2-trillion-2020-09-04?mod=MW_article_top_stories
Warren Buffett and Berkshire Hathaway (BRK) Slashes Stake in Wells Fargo (WFC) – Bloomberg
‘Downbeat’ US executives dump most stock in a month since 2015 | Financial Times
‘Downbeat’ US executives dump most stock in a month since 2015
Record-breaking equity rally encourages company executives to cash in
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China may dump U.S. Treasuries as Sino-U.S. tensions flare: Global Times – Reuters
https://www.reuters.com/article/us-china-economy-treasury/china-may-dump-u-s-treasuries-as-sino-u-s-tensions-flare-global-times-idUSKBN25V179
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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 stock market has accelerated dramatically in 2020. We have seen some stocks perform better than others. The market is very bullish on equities. Investments are in an upward trend with interest rates 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 »
Recovery in sight?
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IF China decides to ‘dump’ us treasury bonds, it will NOT dump all or a significant portion of them, China will likely dump 5 – 10% onto the market. China’s Samson option would be to no longer take us treasury bonds for payment. China will demand payment in Euro or Gold.
THAT will shake the economic world far more than the dumping of their bond holdings.