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 the global economic rot. A world in which most cannot escape. There has been an attempted rescue of the financial system from the Repo actions of the Fed, the excessive money printing, and on the economic side, we watch as governments go further and further into debt to try and fill the holes in this proverbial boat. Sadly, this is all just a cover for a massive transfer of wealth and control to the globalist elite.
US, China, India, Europe can’t save global economy from recession – Business Insider
No one is coming to save the global economy this time
During the financial crisis big developing countries kept global growth alive. Those countries won’t save us this time around. No one will.
The coming wave of defaults | TheHill
The coming wave of defaults
We face a new wave of mortgage and rental delinquencies, many of which will come in the next few months.
Automotive’s new reality: Fewer trips, fewer miles, fewer cars?
Click to access automotives-new-reality.pdf
The average credit card interest rate by credit score and card – Business Insider
Understanding Average Credit Card Interest Rates
Discover the trends in average credit card interest rates, how these rates are determined, and effective strategies to manage or lower your APR.
Capital One Cuts Card Limits Amid U.S. Jobless-Aid Impasse – Bloomberg
Tech Shares Roil Market as Stocks Fall for Second Week – WSJ
https://www.wsj.com/articles/global-stock-markets-dow-update-09-11-2020–11599816452
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About derivatives statistics
https://www.bis.org/statistics/about_derivatives_stats.htm
The Big Corporate Rescue and the America That’s Too Small to Save
The Big Corporate Rescue and the America That’s Too Small to Save
Girish Patel doubts his small, 20-year-old shop will survive the pandemic economy. Thirty stories above, aerospace company TransDigm has sustained eye-popping profits thanks to steep layoffs and raised over a billion with help from the U.S. government.
Department Store Century 21 Files Bankruptcy, Will Shut Down – Bloomberg
Las Vegas Monorail Company files for Chapter 11 bankruptcy | Las Vegas Local Breaking News, Headlines | fox5vegas.com
News
Employees and shoppers at a 99 Cents Only store in Las Vegas are reeling from the sudden news that the chain is closing all its locations.
GameStop Will Close at Least 400 Stores This Year | Game Rant
GameStop Will Close at Least 400 Stores This Year
Amidst massive Q2 losses due to Covid-19, Gamestop has increased the number of stores it plans to close by the end of the current fiscal year.
Delta Air Lines to furlough 1,941 pilots in October, according to internal memo
Delta Air Lines to furlough 1,941 pilots in October, according to internal memo
Delta Air Lines is set to furlough 1,941 pilots in October, the carrier said in a memo seen by Reuters on Monday that noted the fallout from the COVID-19 pandemic and plunging air travel demand.
Singapore Air Cuts 20% of Workforce as Virus Smashes Travel – Bloomberg
Ford wants to cut 1,400 jobs through voluntary retirement: What we know
Ford wants to cut 1,400 salaried jobs in U.S.: Who is targeted
Ford wants 1,400 salaried workers to retire and warns of ‘involuntary separations’ if not enough people volunteer to leave.
Amtrak tells employees it will furlough 1,950 workers | Trains Magazine
https://trn.trains.com/news/news-wire/2020/09/01-amtrak-tells-employees-it-will-furlough-1950-workers
Retail Store Databank | Coresight Research
US and UK Store Tracker Databank
This chart shows the number of major retail store openings, store closures and net store openings in the US from 2012 to 2024 YTD, by retail sector. For more information on specific sectors, please select from the dropdown list. Sector:
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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 global economy and stock market have behaved very differently in 2020. We have seen the stock market rising considerably. We have watched the equities, bonds, ETF’s all seeing massive inflows of cash, currency, money, debt.
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 »