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Will 2021 Be the Year of Global Economic Collapse? Or Global Recovery?

2021: COLLAPSE OR RECOVERY

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.

source / The Money GPS

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

M1 (DISCONTINUED)

View a measure of the most-liquid assets in the U.S. money supply: cash, checking accounts, traveler’s checks, demand deposits, and other checkable deposits.

M2 Money Stock (M2) | FRED | St. Louis Fed

M2 (DISCONTINUED)

View data of a measure of the U.S. money supply that includes all components of M1 plus several less-liquid assets.

Dollar on track for worst year since 2017

More weakness seen as dollar posts 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

19.5 million Americans remain on unemployment at end of 2020

A $900 billion coronavirus relief package is on the way.

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Flix Brewhouse CEO expects up to 25% decline in attendance post-Covid

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New Year’s Eve Will Be Dud for Dining, Capping Hellish 2020 – Bloomberg

https://www.bloomberg.com/news/articles/2020-12-31/restaurants-brace-for-a-new-year-s-eve-without-much-celebration?srnd=markets-vp&sref=RJ2RlMrh

Trans-Pacific shipping rates just popped to new all-time high – FreightWaves

Trans-Pacific shipping rates just popped to new all-time high

Asia-U.S. container rates had held firm at a record high since September. Now they’re on the move again – and headed even higher.

U.S. stock funds record $354 million inflow in week -Lipper | Reuters

U.S. stock funds record $354 million inflow in week -Lipper

U.S.-based equity funds in the week ended Wednesday posted inflows of $354 million, according to Lipper.

Tesla Short Sellers Lost $38 Billion in 2020 as Stock Surged

https://finance.yahoo.com/news/tesla-short-sellers-lost-38-120733160.html

SPACtacular: Blank-check firms hit the jackpot in 2020 | Reuters

SPACtacular: Blank-check firms hit the jackpot in 2020

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

US banks rack up $200bn in fines and penalties over 20 years

Legal settlements have been more frequent since financial crisis, says Better Markets group

Federal checks salvage otherwise dreadful 2020 for US farms

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: Aim Higher (Instagram Dec 17, 2020)

— The Money GPS: Never lose money (Instagram Dec 16, 2020)

— The Money GPS: Master one thing before moving on. Know where you are in the cycle. (Instagram Dec 15, 2020)

— The Money GPS: Be a better investor | How to be a better investor. Window shop! (Instagram Dec 12, 2020)


— FOOTNOTES —

The Money GPS on Twitter: “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. / Twitter”

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.

The Money GPS on Twitter: “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 / Twitter”

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

The Money GPS on Twitter: “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 / Twitter”

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

The Money GPS on Twitter: “IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta / Twitter”

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 on Twitter: “The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #money #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT / Twitter”

The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #money #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT


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Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2021


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.

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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.

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