MASS Store Closures, Evictions, and the Debt Default Fiasco That Has Only Just Begun

The market has shown true resilience. Or perhaps ignorance. We are standing at a point in time in which those investing may very well know how heated the market is, but simply going ahead, full steam, pedal to the metal, to maximize appreciation. The hope here is that the Fed will stimulate further if the market were to fall. Clearly, without saying it, they have supported assets by devaluing the currency. Inflationary pressures have increased the wealth gap and will make it impossible for many to ever have a chance at recovery.

 

Don’t fear a 10% to 15% market correction: Long-time bull Ed Yardeni

www.cnbc.com/2020/09/07/dont-fear-a-10percent-to-15percent-market-correction-long-time-bull-ed-yardeni.html

Stock markets: CIO says tech bubble not expected to pop anytime soon

www.cnbc.com/2020/09/07/stock-markets-cio-says-tech-bubble-not-expected-to-pop-anytime-soon.html

UK house prices see biggest jump since 2016 to hit fresh high

www.cnbc.com/2020/09/07/uk-house-prices-see-biggest-jump-since-2016-to-hit-fresh-high.html

Singapore’s economy may shrink 7.6% on-year in third quarter: MAS survey

www.cnbc.com/2020/09/07/singapores-economy-shrink-7point6percent-on-year-in-the-third-quarter-mas-survey.html

‘A tale of 2 recessions’: As rich Americans get richer, the bottom half struggles – POLITICO

www.politico.com/news/2020/09/07/income-inequality-wealth-gap-409234

‘A tale of 2 recessions’: As rich Americans get richer, the bottom half struggles – POLITICO

www.politico.com/news/2020/09/07/income-inequality-wealth-gap-409234

‘A tale of 2 recessions’: As rich Americans get richer, the bottom half struggles – POLITICO

www.politico.com/news/2020/09/07/income-inequality-wealth-gap-409234

‘It’s going to get worse’: Businesses brace for cold weather, closure of patios | CP24.com

www.cp24.com/news/it-s-going-to-get-worse-businesses-brace-for-cold-weather-closure-of-patios-1.5088154

NYC Commercial-Property Sales Fall 54%, Crush Tax Receipts – Bloomberg

www.bloomberg.com/news/articles/2020-08-28/nyc-commercial-property-sales-slid-54-this-year-report-shows

Goldman’s ‘favorite’ commodity has been on a tear, could have further to run

www.cnbc.com/2020/09/07/goldmans-favorite-commodity-has-been-on-a-tear-could-have-further-to-run.html

Assets: Total Assets: Total Assets (Less Eliminations from Consolidation): Wednesday Level (WALCL) | FRED | St. Louis Fed

fred.stlouisfed.org/series/WALCL

Tesla could be the most dangerous stock on Wall Street, investment researcher says

www.cnbc.com/2020/09/06/tesla-could-be-the-most-dangerous-stock-on-wall-street-investment-researcher-says.html

SoftBank sheds $8.9bn as ‘whale’ options bets unnerve traders | Financial Times

www.ft.com/content/9e5827e9-893a-453e-b28d-88c1c0adc9d5

Latest trend in RVing: Getting way off the grid – CNN

www.cnn.com/2020/09/07/success/boondocking-rvs-dry-camping/index.html