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.
We have seen such a devastating blow to the global economy in 2020 and without recovering from the Financial Crisis, central banks couldn’t do much. Governments pumped in stimulus from all corners. After all of this, the real engine of production has been weak, demand in many areas has been soft, and there is no actual solution to the problems at hand. Soooo, helicopter money?
Student Loan Losses Seen Costing U.S. More Than $400 Billion – WSJ
https://www.wsj.com/articles/student-loan-losses-seen-costing-u-s-more-than-400-billion-11605963600
— The Money GPS: Student debt (Instagram)
(20) Carl Quintanilla on Twitter:
“GOLDMAN: “The longer Congress waits to pass further fiscal measures, the smaller the bill is likely to get,” as the vaccine outlook “will restrain the amount of fiscal support Congress will want to provide.” We now expect Congress “to approve $700b .. vs. $1 trillion previously.” https://t.co/TGBrk4PYLj” / Twitter
Carl Quintanilla on Twitter: “GOLDMAN: “The longer Congress waits to pass further fiscal measures, the smaller the bill is likely to get,” as the vaccine outlook “will restrain the amount of fiscal support Congress will want to provide.” We now expect Congress “to approve $700b .. vs. $1 trillion previously.” pic.twitter.com/TGBrk4PYLj / Twitter”
GOLDMAN: “The longer Congress waits to pass further fiscal measures, the smaller the bill is likely to get,” as the vaccine outlook “will restrain the amount of fiscal support Congress will want to provide.” We now expect Congress “to approve $700b .. vs. $1 trillion previously.” pic.twitter.com/TGBrk4PYLj
(20) LiveSquawk on Twitter:
“Fed’s Bostic: When Households Burn Through Their Savings Will Signal A Tipping Point Requiring More Fed Engagement” / Twitter
LiveSquawk on Twitter: “Fed’s Bostic: When Households Burn Through Their Savings Will Signal A Tipping Point Requiring More Fed Engagement / Twitter”
Fed’s Bostic: When Households Burn Through Their Savings Will Signal A Tipping Point Requiring More Fed Engagement
(20) Sven Henrich on Twitter:
“M1 money supply increased by a further $100B in the week between November 2 and November 9. https://t.co/sklUKyImpD” / Twitter
https://twitter.com/NorthmanTrader/status/1330214527720452097
Lines grow at food banks across the US as soldiers hand out turkeys ahead of Thanksgiving | Daily Mail Online
Lines grow at food banks as millions seek help ahead of Thanksgiving
Millions of Americans are currently going hungry, relying on volunteers and non-profit organizations to stay fed as Thanksgiving approaches.
Retailers Cut Back on Choices; ‘We Don’t Need Three Types of Red’ – WSJ
https://www.wsj.com/articles/retailers-cut-back-on-choices-we-dont-need-three-types-of-red-11605934806
L.A. Home Sales Soar as California’s Housing Market Defies Covid
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No Bones About It: Ford Experiments with Four-Legged Robots, to Scout Factories, Saving Time, Money | Ford Media Center
No Bones About It: Ford Experiments with Four-Legged Robots, to Scout Factories, Saving Time, Money
These four-legged dog-like robots can sit, shake hands and roll over. They also can perform 360-degree camera scans, handle 30-degree grades and climb stairs for hours at a time.
Boston Dynamics dog robot ‘Spot’ learns new tricks on BP oil rig | Reuters
Boston Dynamics dog robot ‘Spot’ learns new tricks on BP oil rig
Boston Dynamics’ dog-like robot ‘Spot’ is learning new tricks.
Robots Invade the Construction Site | WIRED
Robots Invade the Construction Site
Boosted by advances in sensors and artificial intelligence, a new generation of machines is automating a tech-averse industry.
Swiss Watch Exports on Track for Biggest Decline in 80 Years – Bloomberg
Buenos Aires Times | Lower house opens debate on government’s ‘wealth tax’ bill
Lower house opens debate on government’s ‘wealth tax’ bill
Argentina’s lower house is expected to approve a bill to introduce a one-off capital levy on more than 9,000 of the country’s wealthiest citizens on Wednesday morning.
Wealth Taxes in Europe Raise Little Revenue | Tax Foundation
Wealth Taxes in Europe
How effective have wealth taxes in Europe been? Learn more about European wealth tax policy and which countries have adopted and repealed a wealth tax.
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— The Money GPS: Gold, a relic or asset? (Instagram)
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401(k) millionaires hit a new high amid pandemic – The Washington Post
Perspective | The number of 401(k) millionaires hit a new high, despite millions left behind by the pandemic
The number of 401(k) and TSP millionaires grows even as some workers are forced to tap their retirement account because of economic impacts of the pandemic.
Debt is growing fast at this time. Whether it is student loans, student debt or credit cards, mortgages, line of credit. All are growing rapidly. This is also happening on a global scale. Many countries are taking on debt themselves, financed with low interest rates.
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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 »
“Do you think that the student loan crisis will be bigger than the subprime crisis?”
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