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 had seen the devastation of the original Big Short. When basically everyone was suggesting the financial markets were going higher, the real estate market was healthy, and the derivatives were never even discussed, few were warning of what was coming. Today, it almost seems too obvious. With massive retail bankruptcies taking place and will continue to grow in 2020 and beyond, the derivatives behind them will have to fail as well. Will the Fed do what they did with garbage mortgage backed securities and buy as much of them as they can forever?
Covid-19 Retail Bankruptcies Could Destroy the American Mall
https://www.bloomberg.com/graphics/2020-shopping-malls-in-decline/?srnd=fixed-income
America’s Empty Hotels Might Just Be Hedge Funds’ Next Big Short – Bloomberg
MGM Resorts lays off 18,000 previously furloughed employees
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Fed’s Bullard says the recession is over but rates will ‘stay low for a long time’
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Coca-Cola says it will cut thousands of workers – CBS News
Coca-Cola says it will cut thousands of workers
The first phase will include buyout offers to 4,000 workers in the United States and Canada.
U.S. tech stocks are now worth more than the entire European stock market
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‘Double dip’ in U.S. economy is ‘still possible,’ says ex-Fed official
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About 61 Million Americans Have Stopped Commuting Due to COVID-19 – ValuePenguin
https://www.valuepenguin.com/commutes-plummet-after-coronavirus#commute
Cashierless stores are popping up at gas stations, stadiums and even Dunkin’ – CNET
Cashierless stores are popping up at gas stations, stadiums and even Dunkin’
The concept popularized by Amazon Go may be getting a lot bigger.
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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 risen considerably while we have seen a massive inflow of cash, currency, and debt. The retail stores are going bankrupt. Too much debt. Lots of bankruptcies.
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 »
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