25,000 Stores Will Close in 2020 as World Trade Plummets! Worst Economic Crisis in 100 Years

We are standing on the edge of the precipice. Unaware of our surroundings, we continue to risk it all. But those who watch in the distance know that just one gust of wind will be the gentle push to send us falling down. Today, this is what many people are experiencing: Those who are wholeheartedly facing massive and unlimited risk, and those watching it happen. The economic data is absolutely horrible. But the top 5 tech stocks have been performing as if nothing has happened. Eventually, everything will find balance. 

 

The millions ‘hanging by a thread’ as coronavirus aid expires – BBC News

www.bbc.com/news/business-53534435

24 million Americans say they have little to no chance of being able to pay next month’s rent

www.usatoday.com/in-depth/graphics/2020/07/24/24-million-americans-say-they-have-little-no-chance-being-able-pay-next-months-rent-eviction/5497764002/

11 million households could be evicted over the next four months

www.fastcompany.com/90532305/11-million-households-could-be-evicted-over-the-next-four-months

Coresight predicts record 25,000 retail stores will close in 2020

www.cnbc.com/2020/06/09/coresight-predicts-record-25000-retail-stores-will-close-in-2020.html

Zara owner to close up to 1,200 fashion stores around the world | Retail industry | The Guardian

www.theguardian.com/business/2020/jun/10/zara-owner-to-close-up-to-1200-fashion-stores-around-the-world

announced US store closures.jpg (1280×1099)

www.zerohedge.com/s3/files/inline-images/announced%20US%20store%20closures.jpg?itok=ixGx1oth

completed store closures.jpg (1280×493)

www.zerohedge.com/s3/files/inline-images/completed%20store%20closures.jpg?itok=lVLiaaSe

African Diamond Mining: De Beers Rethinks Business Model – Bloomberg

www.bloomberg.com/news/articles/2020-07-24/de-beers-rethinks-business-after-diamond-collapse-exposes-cracks

World trade monitor | CPB.nl

www.cpb.nl/en/worldtrademonitor

Hertz Has To Sell 182,000 Cars by 2021

www.roadandtrack.com/new-cars/a33422578/hertz-has-to-sell-182000-cars-by-2021/

Workers are leaving the restaurant industry

www.restaurantbusinessonline.com/workforce/workers-are-leaving-restaurant-industry?utm_source=Marketo&utm_medium=email&utm_campaign=NL_RB_Whats_Trending_07-26-20&LID=15687345&mkt_tok=eyJpIjoiWWprNE5HRTJaR1JpTkdObCIsInQiOiI4cXBuOTJ5V2NlMHBCQTE5K1NNcTAyNWE4MFcyTUlWMWRiN210YkNzTktjSlQ5UExIOUdzZEdEMncyNnk4elpHMkRUU053eFQxQnEycTdLVXArRTY0RmVOYVhyS3VMXC9MVklaMmRJeFJGb3VaNVUxMFJlRmpGeU5Fa3JvdEhmQzgifQ%3D%3D

(29) Alastair Williamson on Twitter: “behind the scenes: a “massive food bank line” is what one official told me t.co/MPktSSx46Y” / Twitter

twitter.com/StockBoardAsset/status/1287360079004606464?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1287360079004606464%7Ctwgr%5E&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fus-recovery-stalls-food-bank-lines-reemerge

(29) Alessio Urban on Twitter: “@StockBoardAsset Trump on portnoy’s interview said that the stock market is that the highs “we’re doing very well”” / Twitter

twitter.com/AlessioUrban/status/1287365053004615680

Big Tech Goes on Shopping Spree, Brushing Off Antitrust Scrutiny – Bloomberg

www.bloomberg.com/news/articles/2020-07-27/big-tech-goes-on-shopping-spree-brushing-off-antitrust-scrutiny

fed balance sheet 20 trillion.jpg (718×429)

www.zerohedge.com/s3/files/inline-images/fed%20balance%20sheet%2020%20trillion.jpg?itok=3G8InL8W