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What a year 2020 was. Super extremes in all directions. 2021 is very questionable. Some have suggested it’s the year of recovery. Others say a worsening crisis, leading to collapse. There are certainties though, higher taxation, more money printing, devaluation of currencies, and more control from the top on everyone else. That gives us a starting point from which to draw inferences on the big questions facing us in the near future.
M1 Money Stock (M1) | FRED | St. Louis Fed
Source: Board of Governors of the Federal Reserve System (US) Release: H.6 Money Stock Measures Units: Frequency: Notes: M1 includes funds that are readily accessible for spending. M1 consists of: (1) currency outside the U.S.
M2 Money Stock (M2) | FRED | St. Louis Fed
Source: Board of Governors of the Federal Reserve System (US) Release: H.6 Money Stock Measures Units: Frequency: Notes: M2 includes a broader set of financial assets held principally by households. M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs).
Dollar on track for worst year since 2017
The dollar posted its biggest yearly loss since 2017 on Thursday, capping off a manic year that saw the currency serve as a safe haven in March when panic over the spread of COVID-19 in the United States peaked, before dropping on unprecedented Federal Reserve stimulus.
19.5 million Americans remain on unemployment at end of 2020 – Axios
787,000 Americans filed for initial jobless claims last week, a decline of 19,000 from the previous week and 41,000 fewer unemployment claims than economists had projected, according to Labor Department data. Why it matters: It’s the lowest weekly figure this month, but the overall level of economic pain experienced across the U.S.
Flix Brewhouse CEO expects up to 25% decline in attendance post-Covid
Flix Brewhouse CEO Allan Reagan told CNBC on Wednesday he anticipates the coronavirus pandemic will lead to a sustained reduction in movie theater attendance. In an interview on “Squawk on the Street,” Reagan said the Texas-based company, which operates 10 dine-in cinemas and brews its own craft beer, is projecting 2022 to be a “more normal year” for its business, after Covid-19 vaccinations become broadly available.
New Year’s Eve Will Be Dud for Dining, Capping Hellish 2020 – Bloomberg
Trans-Pacific shipping rates just popped to new all-time high – FreightWaves
Is this the end of the mysterious trans-Pacific rate plateau? The good news for ocean carriers – and bad news for shippers – is that rates are rising yet again. Base spot rates for container shipments from Asia to the U.S. West Coast had been curiously flat since late September.
U.S. stock funds record $354 million inflow in week -Lipper | Reuters
(Reuters) – U.S.-based equity funds in the week ended Wednesday posted inflows of $354 million, according to Lipper. Taxable bond funds attracted $9.527 billion, the biggest inflow in eleven weeks, while U.S. money market funds drew $15.32 billion, Lipper data showed on Thursday.
Tesla Short Sellers Lost $38 Billion in 2020 as Stock Surged
(Bloomberg) — Tesla Inc. short sellers lost billions more on the electric-vehicle maker than any other company in 2020, as bears got severely burned by the stock’s surge to new highs.With shares up over 730%, Tesla bears have seen more than $38 billion in mark-to-market losses this year, according to data from S3 Partners.
SPACtacular: Blank-check firms hit the jackpot in 2020 | Reuters
Blank-check firms – popularly known as SPACs – emerged as the most popular investment vehicles and the primary driving force behind a record year for initial public offerings (IPOs) in 2020, even as overall dealmaking activity tumbled to a three-year low.
US banks rack up $200bn in fines and penalties over 20 years | Financial Times
The six largest US banks are close to hitting a milestone $200bn paid out in fines and penalties globally since the turn of the century, according to a new tally by advocacy group Better Markets.
Federal checks salvage otherwise dreadful 2020 for US farms
DES MOINES, Iowa (AP) – Thanks to the government paying nearly 40% of their income, U.S. farmers are expected to end 2020 with higher profit than 2019 and the best net income in seven years, the Department of Agriculture said in its latest farm income forecast.
The stock market continued to break records in 2020, hitting new highs just about every day. There were suggestions that perhaps the purchases of assets by the Fed may have been […]
— APPENDICES —
- The Money GPS: How To Get Out of An Economic Crisis. Action Steps To Excel, Prosper, and Prepare!
- The Money GPS: If You’re Dealing With Unemployment, Wage Cuts, or Crisis THIS Is What You Must Do
- The Money GPS: Who Controls the World? These Organizations, Institutions, and Families Run the Show
- The Money GPS: Rothschild and Rockefeller Team Up With the Vatican! Follow the Money…
- The Money GPS: The Broken Economy Leaving Millions Without A Job! Economic Crisis or Opportunity?
- The Money GPS: BIS Central Banker Admits EPIC Level Crisis Is the Most Likely Result of Global Mass QE
— FOOTNOTES —
Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.
What if the stimulus included more money for people. Is $1200 enough? $2000? Is this going to solve any deep rooted problems? What about the disgraceful 5600 pages filled with billions that have nothing to do with where people actually need help? #StimulusChecks #StimulusBill
We live in a fantasy land. More money flowing in than ever before, IPO frenzy, housing skyrocketing. Euphoria never end well. The higher it goes the worse it will be. Slow and steady growth is much safer. #money #investments #debt
IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta
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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.