75,000 Airline Workers Warned of Job Cuts! High Unemployment and Gig Jobs are Permanent

This is the euphoria before the madness. The willfully blind. The stream of delusion… Any other ways to put it?.. Regardless, we are in a time in which nothing makes sense and more have agreed with that but have simply suggested that it’s ok cause fed is my papa. Is that really what people are putting their savings into?!

The economic engine is all about the consumer. Americans must buy stuff. Lots of stuff. Without ever increasing expansion of debt on all levels, there is no possible way the economy can be recovered. People need to be working because they need the disposable income to spend. If the employment situation is not optimal, the economy will suffer. It’s a simple equation. That’s why there’s such an argument over the government stimulus. They know exactly what the economy needs.

 

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www.zerohedge.com/s3/files/inline-images/bfmC612.jpg?itok=69c8UC1y

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www.goldmoney.com/images/media/Images/Articles/Tutorials/xau_graphic_34.png

Reasons (NOT) To Be Cheerful

www.gmo.com/americas/research-library/reasons-not-to-be-cheerful/

Coronavirus: More job losses loom as airlines industry struggles

www.cnbc.com/2020/08/16/a-flood-of-job-losses-looms-as-airlines-industry-struggle-in-coronavirus-pandemic.html

Zillow 2020 Urban-Suburban Market Report – Zillow Research

www.zillow.com/research/2020-urb-suburb-market-report-27712/

Lumber prices go through the roof on high demand, short supply in Galveston County | Local News | The Daily News

www.galvnews.com/news/free/article_457bb5f1-ec84-550f-8505-9a2f834163ae.html

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www.zerohedge.com/s3/files/inline-images/bfm21C3.jpg?itok=UFlj91AM

Struggling Farmers Work With Overwhelmed Food Banks to Stay Afloat | The Pew Charitable Trusts

www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2020/08/13/struggling-farmers-work-with-overwhelmed-food-banks-to-stay-afloat

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www.zerohedge.com/s3/files/inline-images/DXY%20net%20shorts_0.jpg?itok=NpvYJB3L

Novogratz Says Stock-Market Bubble Will Probably Pop If Joe Biden Wins Election – Bloomberg

www.bloomberg.com/news/articles/2020-08-14/novogratz-says-stock-market-bubble-will-likely-pop-if-biden-wins

California wealth tax could become first of its kind in US under new proposal – SFChronicle.com

www.sfchronicle.com/business/networth/article/California-lawmakers-propose-a-15482011.php

PBOC Adds Cash to Ease Liquidity Stress with Rate Unchanged – Bloomberg

www.bloomberg.com/news/articles/2020-08-17/china-pumps-cash-into-banking-system-to-ease-liquidity-stress?srnd=fixed-income