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.
As the economy erodes, governments are trying to fill the void. They can do this by creating work. Infrastructure. Bridges to nowhere. Ghost cities. If they want to simply maintain the current standards and have only the elite class feel any benefits, they print money. Public works and unnecessary activity is obviously not beneficial to the majority but in comparison, printing money is just horrific. It just makes the divide worse and worse. But what is the response from everyone? Do more! Do more they say. They say it because they don’t know the truth.
Bank of England pumps an extra £100bn into UK economy | Business | The Guardian
Bank of England pumps an extra £100bn into UK economy
Quantitative easing expanded to help Britain recover from coronavirus crisis
FT [UK economic recovery stuttered in October]
FT
The latest UK and international business, finance, economic and political news, comment and analysis from the Financial Times optimised for your device on app.ft.com.
Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program – Bank of Canada
Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.
New Zealand Dollar Outperforms as RBNZ Tapers, Activity Rises and Virus Retreats
New Zealand Dollar Outperforms as RBNZ Tapers, Activity Rises and Virus Retreats
The New Zealand Dollar was lifted back into the black against most major rivals for the week Friday as the Reserve Bank of New Zealand (RBNZ) detailed plans to taper its bond purchases, economic activity rose and the coronavirus beat a fresh retreat in the antipodean country.
Jumbo and FHA mortgage rates set record lows, juicing refinance demand
https://www.cnbc.com/2020/11/04/jumbo-and-fha-mortgage-rates-set-record-lows-juicing-refinance-demand-.html
Toronto home prices climb 14% to new record even as condo market sputters – BNN Bloomberg
Toronto home prices climb 14% to new record even as condo market sputters – BNN Bloomberg
Home prices in Canada’s largest housing market climbed to yet another all-time high last month as red-hot activity in the detached property market offset a condo market that turned south.
Toronto home sales rise 25 per cent year-over-year, breaking October record | The Star
https://www.thestar.com/business/2020/11/04/toronto-home-sales-rise-25-per-cent-year-over-year-breaking-october-record.html
Downtown Condo Sales Fall in Toronto as People Flee to Suburbs – Bloomberg
Housing market optimism ‘won’t last too long’ as economy will slow: CIBC’s Tal – Video – BNN
Housing market optimism ‘won’t last too long’ as economy will slow: CIBC’s Tal
Benjamin Tal, deputy chief economist at CIBC joins BNN Bloomberg with his take on recent data from Nanos Research Group suggesting confidence in Canada’s housing market is booming. He says many people are taking advantage of the low interest rates during ‘the most housing friendly recession ever.’
CIBC Economist Warns that Housing Market Slowdown is Coming
CIBC Deputy Chief Economist Warns that Housing Market Slowdown is Coming
While confidence in the Canadian housing market continues to grow, one Canadian economist is warning that a market slowdown is coming.
Goldman’s U.S. Head of SPACs Sees Investors Hitting Their Limits – Bloomberg
The RBA has cut the interest rate to a historic low of 0.1%, and will pursue more aggressive quantitative easing | Business Insider
https://www.businessinsider.com.au/rba-interest-rate-decision-cut-qe-november-2020-11
RBA cuts rates, starts $100b-plus QE
RBA cuts rates, starts $100b-plus QE
The Reserve Bank has cut the official interest rate to 0.10 per cent from 0.25 per cent and announced a quantitative easing program of $100 billion.
China-Australia relations: import ban on Australian copper, sugar expected after blocks on lobster, timber, barley | South China Morning Post
China bans Australian lobster, timber imports and copper, sugar may follow
China placed blocks on Australian imports of lobster, timber, barley at the weekend, with bans on copper ore and concentrate and sugar expected this week.
Big Tech Lobby Spend Q3 2020 – DataTrek Research
https://datatrekresearch.com/big-tech-lobby-spend-q3-2020/
Walmart lays off shelf-scanning robots for humans
Walmart lays off shelf-scanning robots for humans
Walmart is laying off the robots it had deployed in about 500 stores to keep tabs on what’s on and not on the shelves.
More money has been flowing into equities here in 2020. Tech stocks have performed incredibly well as a result of the huge inflow of cash, debt, margin, and easy money policies. Investments have been increasing.
HOW TO MAKE MONEY ON AMAZON – FREE eCOURSE: http://TheAmazonGPS.com
LOOK THROUGH MY BOOKS! http://books.themoneygps.com
SUPPORT MY WORK: https://www.patreon.com/themoneygps
PAYPAL: https://goo.gl/L6VQg9
OTHER: http://themoneygps.com/donate
AUDIOBOOK: http://themoneygps.com/store
T-SHIRTS: http://merch.themoneygps.com
MY FAVORITE BOOKS: http://themoneygps.com/books
Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2020
— PLAYLISTS —
The Money GPS – How To and Solutions
The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.
#money #finance #investments #$GPS
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 QE is GOOD or BAD?”
#TheMoneyGPS