Look at that melt up in Russell 2000 lol!
Small businesses practically wiped out.
This ponzi keeps surprising everyday.
— Hoz (@Hoz94s) August 12, 2020
We know that larger companies are filing for bankruptcy at record pace, but small businesses are disappearing by thousands & unfortunately there aren’t many ways to track data real-time, other than @Yelp’s breakdown of business closures @Bloomberg pic.twitter.com/6ktLfwUYKQ
— Liz Ann Sonders (@LizAnnSonders) August 12, 2020
“U.S. serious delinquency rate to quadruple by the end of 2021, pushing 3 million homeowners into serious delinquency.”
Provisions for loan losses are at the highest in a decade as lenders prepare for large-scale company bankruptcies…
— Gianluca De Stefano (@Theimmigrant84) August 12, 2020
The economic conditions continue to worsen as we see continued unemployment claims at a record high, millions laid off that have acknowledged they won’t be able to get their old job back, and a cascade of debt, defaults, and bankruptcies. But on the other end of the spectrum, we have unbelievable speculation in equities markets at this time. Never before in history have we seen such exaggerated statistics but since there are no sirens blaring, people don’t know, and will never know.
Suggests we will revisit the March lows this year.
US Dollar will not be the reserve currency forever.
It’s not possible to unwind the stimulus.
Not possible to pay back the unfunded liabilities.
Best Small Business Credit Cards of 2020 – CreditCards.com
New York, Miami Leading America in Mortgage Delinquencies – Bloomberg
Clouds on The Horizon for Many U.S. Homeowners: Overall Delinquency Rates Beginning to Climb, According to CoreLogic Loan Performance Insights Report | Business Wire
Boeing order cancellations outpace new sales for sixth straight month as demand continues to fall
Gundlach Says Trump Will Win, Calls Harris Too Charismatic – Bloomberg
UBS Tells Rich Clients to Leave Stock Bubbles to Day Traders – Bloomberg
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Justifiable Bullishness Or Is It Willful Blindness? – RIA