There are historic times we have read about. We’ve studied them. We’ve learned the details inside and out. Today, right now, is one of those times. We’re living in a monumental time where history is being made. The trouble is that what’s coming is not good. There will be bright spots. There will be winners. But the vast majority will be wiped out of the middle class, subsisting off never ending government stimulus and the consistent increase in taxation. Not a good combination for stability and prosperity. But no worries, the Fed will fix it.
Some investors are making the biggest bet against the stock market in nine years
U.S. Bankruptcy Tracker: Filings Soar to Match 2009 Record
U.S. Home-Mortgage Delinquencies Reach Highest Level Since 2011 – Bloomberg
90 (633×387)
Fink Cautions Virus Impact on Small Businesses Still Unknown – Bloomberg
Brookfield skips payments while demanding tenants pay up | Financial Times
https://www.ft.com/content/0a09ef0c-bf72-4680-89b6-e9ad7cd8c048
Third of U.S. Shale Near Technical Insolvency, Deloitte Says – Bloomberg
https://www.bloomberg.com/news/articles/2020-06-22/a-third-of-u-s-shale-near-technical-insolvency-deloitte-says#:~:text=Almost%20a%20third%20of%20U.S.,record%20low%20earlier%20this%20year.
Americans putting off traditional goals like marriage, having kids for financial security – Study Finds
Junk Bonds Topple Monthly Sales Record in ‘Party Like No Other’
https://finance.yahoo.com/news/junk-bonds-topple-monthly-sales-214812312.html
‘We Never Agreed to Full Transparency.’ Treasury Secretary Steven Mnuchin Defends Limits on Paycheck Protection Program Disclosures | TIME
https://time.com/5857184/steven-mnuchin-paycheck-protection-program/
Key Support for the Economy May Be About to Buckle – WSJ
https://www.wsj.com/articles/key-support-for-the-economy-may-be-about-to-buckle-11592908200
Every Federal Reserve Board Member Is A Multi-Millionaire – BIG by Matt Stoller
https://mattstoller.substack.com/p/every-federal-reserve-board-member
Vladimir Putin announces tax hike on Russia’s top earners in latest presidential address
https://rtvi.com/news_en/putin-announces-tax-hike-on-top-earners/