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 stock market moves fast. With countless interventions taking place over the years, any period of slow growth or falling levels has always been met with more stimulus. This can come from the Fed and their many programs or from the government’s big taxpayer funded bottomless pockets. Either way, it creates ridiculous distortions that are so blatant and yet it only gets worse. Every single cycle.
US jobless claims rise to 898,000 with layoffs still high
US jobless claims rise to 898,000 with layoffs still high
WASHINGTON (AP) – The number of Americans seeking unemployment benefits rose last week by the most in two months, to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession.
8 Million Have Slipped Into Poverty Since May as Federal Aid Has Dried Up – The New York Times
8 Million Have Slipped Into Poverty Since May as Federal Aid Has Dried Up (Published 2020)
Two new studies show the effect of the emergency $2 trillion package known as the Cares Act and what happened when the money ran out.
Unemployment is longer and more permanent. Here’s why that’s bad.
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Wage Statistics for 2019
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Tax Burden Equal to 70% Rate Crushes Americans Unable to Pay
https://finance.yahoo.com/news/tax-burden-equal-70-rate-090000602.html
New York coronavirus exodus fuels Maine real estate boom
New York coronavirus exodus fuels ‘gangbusters’ Maine real estate boom
Transplants and second home buyers from the tristate area looking for a rural retreat during the COVID-19 pandemic jacked up demand for Maine properties.
Greenwich Home Purchases Soar to a Decade High on NYC Exodus – Bloomberg
United Airlines Hunkers Down for Long Air-Travel Drought – WSJ
https://www.wsj.com/articles/united-airlines-hunkers-down-for-long-air-travel-drought-11602710121
Singapore Air’s A380 Restaurant Tickets Sold in 30 Minutes – Bloomberg
“Daily Cash Burn” to Continue till Further Notice: US Air Travelers Still -65%, Ticket Prices -25%, a Toxic Mix. Delta Q3 Passenger Revenues -83% | Wolf Street
“Daily Cash Burn” to Continue till Further Notice: US Air Travelers Still -65%, Ticket Prices -25%, a Toxic Mix. Delta Q3 Passenger Revenues -83%
US airlines are in the crappiest recovery ever. They’re getting hit in two ways: The number of passengers is still way down, seven months into the pandemic, or actually over eight months into it because for airlines it started at the end of January with flight bans; and on top of it, ticket prices have plunged – the toxic mix of crushed volume and crushed prices.
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Central Banks Say Need to Keep Spending Until Recovery From Virus – Bloomberg
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Smead: ‘Nightmare’ U.S. stock valuations driven by ‘young, dumb’ investors
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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 economy is very different than the stock market. Many investors are buying tech stocks in 2020 to make money. The financial system has been moving. Bonds, and other debt forms.
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 »