Every empire falls. It does this largely because of its own failures. It crumbles from within as more corruption and greed consume it in haste. More people are jumping onto the pile, pushing their savings into the stock market. Many inexperienced traders are rushing to buy leveraged positions in technology stocks which have completely taken over. The question is, if the Fed never takes away the punch bowl, will the party ever stop?
Airlines are now selling tickets for scenic ‘flights to nowhere’
https://theweek.com/speedreads/938039/airlines-are-now-selling-tickets-scenic-flights-nowhere
Airlines Make Final Plea for Aid to Avoid Job Losses – WSJ
https://www.wsj.com/articles/airlines-make-final-plea-for-aid-to-avoid-job-losses-11600351485
Jim Cramer on how to invest if Congress approves coronavirus stimulus
Nearly half of NYC’s top earners considered relocating: poll
https://nypost.com/2020/09/16/nearly-half-of-nycs-top-earners-considered-relocating-poll/
Deal Reached in N.J. for ‘Millionaires Tax’ to Address Fiscal Crisis – The New York Times
https://www.nytimes.com/2020/09/17/nyregion/nj-millionaires-tax.html
BlackRock, the world’s largest asset manager, may never be 100% back in the office, CEO Fink says
U.S. weekly jobless claims total 860,000, vs 875,000 expected
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Bank of England eyes sub-zero rates in face of virus, Brexit
https://ca.finance.yahoo.com/news/bank-england-says-economic-outlook-111515858.html
Monetary policy summary and minutes of the Monetary Policy Committee meeting ending on 16 September 2020
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Deutsche Bank Spoofer Tells Jury His Bosses Showed Him How – Bloomberg
Ex-JPMorgan Trader Convicted for Helping Rig Currency Market – Bloomberg