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The Global Economic Collapse Will Force EVERYONE To Sell EVERYTHING.

CUTS ACROSS THE BOARD — “UH OH.”

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.

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There has never been a more questionable period. During the Financial Crisis, it was well understood the direction things were headed. Today however, there is such polarization. No information is secure. Nothing seems to make sense. Looking at the traditional indicators at face value has proven to be a big misstep for many. Instead, piecing together this complex puzzle has unveiled a mystery.

 

Ray Dalio Warns of Threat to Dollar as Reserve Currency – Bloomberg

https://www.bloomberg.com/news/articles/2020-09-15/ray-dalio-warns-of-threat-to-dollar-as-reserve-currency

Economists warn of US ‘wasteland’ without stimulus deal | Financial Times

Economists warn of US ‘wasteland’ without stimulus deal

Hopes fade for $1tn or more in government aid for workers, businesses and local governments

Forget Pension Obligation Bonds. Two Cities Are – No Joke – Leasing Their Streets To Fund Pensions.

Forget Pension Obligation Bonds. Two Cities Are – No Joke – Leasing Their Streets To Fund Pensions.

Yes, cities are leasing their streets, in a new take on the Pension Obligation Bond.

Chesterfield Food Bank averaging a million meals per month during the pandemic, triples in donations | 8News

https://www.wric.com/news/local-news/chesterfield-county/chesterfield-food-bank-averaging-a-million-meals-per-month-during-the-pandemic-triples-in-donations/

Citigroup to Resume Job Cuts After Pausing for Pandemic – Bloomberg

https://www.bloomberg.com/news/articles/2020-09-14/citigroup-to-resume-cutting-jobs-ending-pause-during-pandemic

Here’s the latest on Wells Fargo’s billions of dollars in layoffs | Charlotte Observer

$10 billion in Wells Fargo cost cuts will mostly be layoffs, take several years

Wells Fargo plan to cut billions of dollars in expenses will mostly consist of layoffs and potentially take as much as four years, a bank executive said Monday.

Blackstone Said to Boost Mobile-Home Bet With $550 Million Deal – Bloomberg

https://www.bloomberg.com/news/articles/2020-09-14/blackstone-said-to-boost-mobile-home-bet-with-550-million-deal?sref=RJ2RlMrh

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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.

Jobs and the economy are in a different scenario than in 2019. We have seen employers and employees changing the direction. The stock market was climbing higher. Lots of money, cash, debt, has been going into the stock market. Stocks were rising in 2020.

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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.

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The President hit it out of the park on ABC’s Town Hall last night

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