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.
This is what the future looks like. You’ll see this today of course, but every street corner will be filled with those who fell into the downward spiral. Every country today is going through a series of events that are always seemingly assisted by those in control. They’re helping us, they say. But meanwhile, they are really just causing the problem in the first place. But will the public ever wake up to this fact?
FHA Mortgage Delinquencies Reach a Record, Led by New Jersey – Bloomberg
Subprime Mortgages Fall Massively Delinquent. Taxpayers on Hook. Housing Market Splits in Two | Wolf Street
Subprime Mortgages Fall Massively Delinquent. Taxpayers on Hook. Housing Market Splits in Two
The Federal Housing Administration (FHA) prides itself in insuring subprime mortgages with, as it says, “low down payments,” “low closing costs,” and “easy credit qualifying” – all true. Of its active portfolio of 8 million mortgages that it insures, 17% were delinquent in July, the highest rate in FHA history.
NYC Landlord Stepping Up Back-to-Office Campaign With Banks – Bloomberg
MTA Preps Commuting Doomsday Scenario for NYC If No Aid Comes – Bloomberg
Trudeau’s Deficit Balloons With Income Support Smashing Records – Bloomberg
U.S. Stock Market Looks Overvalued to Corporate Finance Chiefs – Bloomberg
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(8) Julien Bittel, CFA on Twitter:
“Generally speaking, when markets rise w/ volatility, bad things happen… https://t.co/pHJZhsfvL1” / Twitter
https://twitter.com/BittelJulien/status/1299371467277324289/photo/1
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Robot Boats Leave Autonomous Cars in Their Wake – WSJ
https://www.wsj.com/articles/robot-boats-leave-autonomous-cars-in-their-wake-11598673601
Bed Bath & Beyond cuts 2,800 jobs in restructuring move – nj.com
Bed Bath & Beyond cuts 2,800 jobs in restructuring move
The Union, New Jersey-based company said the action is designed partly to reduce layers at the corporate level.
Gap is closing more than 200 stores this year :: WRAL.com
Gap is closing more than 200 stores this year
Gap and Banana Republic are closing more than 225 store locations this year — nearly three times more than were previously announced — with the company warning more closures would follow next year.
Marks & Spencer to cut 7,000 jobs – MarketWatch
https://www.marketwatch.com/story/marks-spencer-to-cut-7-000-jobs-11597733879
Two more Wells Fargo branches close in North Carolina, including one in Mooresville – Charlotte Business Journal
Wells Fargo closes two more North Carolina branches, including one in Mooresville – Charlotte Business Journal
Wells Fargo & Co. shuttered two more North Carolina branches this month, including one in the Charlotte area.
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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 financial system has seen changes throughout 2020. The stock market has escalated with tech stocks in particular rising much higher. The debt based system we have is obviously seeing strains here at this time.
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 »
We have never seen a time where such disparities existed. They are referring to it as the K shaped recovery. For some, everything is booming, for others, it’s never been worse. What do you think is going on right now?
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Construction in the US was and still is booming. Lack of quality employees is the problem. Turning on the news and hearing the mass numbers of unemployment, figured people would be asking for work. Nope. Millennials constantly do no call, no show. Can’t fire these lazy bums because no one is there to replace them.