Head of ATM network warns cash could be almost killed off by end of summer

by

NEVER WASTE A GOOD CRISIS….. IT’S HAPPENING … https://www.thisismoney.co.uk/money/news/article-8163833/Head-ATM-network-warns-cash-killed-end-summer-shoppers-switch-cards.html Cash could be almost killed off by the end of the summer as shoppers switch to using cards and never go back, the head of the ATM network warned last night. John Howells, chief executive of Link, which runs Britain’s 70,000 cashpoints, said the coronavirus pandemic … Read more

With 50% soon to be unemeployed… welcome to the leisure economy!

by

https://youtu.be/60ksN96ST3Y As the U.S. hunkers down indoors to control the spread of the coronavirus, people are starting to fret about their jobs, with experts saying some 50 percent could end up unemployed, according to a CNN report on Monday (March 16). Virtually every industry is expected to be affected, from food trucks and restaurants to service businesses … Read more

The mental health consequences of a self-inflicted economic shutdown & isolation

by

by DCG As I wrote on March 30, Knox County, Tennessee was seeing an increase in suspected suicides during coronavirus pandemic. Mayor Glenn Jacobs was shocked and it made him wonder if they were handling this the right way. Again: Shutting down one’s livelihood and the economic machine that drives EVERYTHING for EVERYONE has consequences. A severe economic depression is about … Read more

Aaand Its Gone…The Biggest Support For Asset Prices

by

by Lance Roberts Since the passage of “tax cuts,” in late 2017, the surge in corporate share buybacks has become a point of much debate. I previously wrote that stock buybacks were setting records over the past couple of years. Jeffery Marcus of TP Analytics, recently confirmed the same: “U.S. firms have been the biggest incremental buyer of stocks in each of … Read more

California Lib Gavin Newsom ADMITS What Dems Plan to do During This Crisis

by

https://www.youtube.com/watch?v=quK55iVoacg Cristina Laila from The Gateway Pundit reports, Never let a crisis go to waste, right? California governor Gavin Newsom (D) said the CV is an opportunity to create a new “progressive era.” The CV panic has caused unemployment to spike in the wake of unprecedented shelter-in-place orders from local and state governments. Read More/Source/Credit/FairUse: … Read more

America Entering Great Depression! Unemployment Apocalypse, Business Collapse & Dollar Collapse

by

https://www.youtube.com/watch?v=-Gsog_DnA0I The US economy has been a debt driven economy for many years. At the moment we have a global economic collapse and the US economy has been hit very hard. This economic crisis is differentiating the real from the fake. Bubbles are popping up all over and this is leaving a very big hole … Read more

DISTURBING Video PROVES Just How IGNORANT Some People Can Be During a Crisis

by

https://www.youtube.com/watch?v=dkOs-5ZnUZk Jim Hoft from The Gateway Pundit reports, A woman was filmed going through a Walmart store and touching each computer and keyboard. This is very disturbing. She is confronted but continues to go touch each of the displayed computers. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2020…

Dec 2018 vs Now..

by

by RETAW57 I’m an Australian, and just wanted to hear your perspectives on the difference between now and December 2018. The December 2018 correction was well overdue, but reversed quickly and failed to even enter a bear market, since the Bull sentiment was too strong. P/E for many companies are still sky high (and will … Read more

SPX: Likely to go higher this week- Don’t be fooled.

by

by GoingToDisappear https://preview.redd.it/50u8q2miv4r41.png?width=1469&format=png&auto=webp&s=5397c09f268cfc013107f8f832c7dddaa8d23945 Henlo, autists. Pulled this DD from Zsplit but it’s logical and agree with his analysis. In my opinion and analysis, the SPX will likely go higher in the coming days off of artificial optimism from the OPEC deal. While the equity market lately has found some sort of normalcy (we haven’t seen … Read more

China is back to normal – looking at air travel

by

by should_not_register Yesterdays post about car traffic was interesting, lets look at air traffic. Wuhan aiport – https://www.flightradar24.com/data/airports/wuh/statistics Almost 0 tracked flights a day…. Shanghai airport – https://www.flightradar24.com/data/airports/sha/statistics 130 tracked flights a day. Still half the vol Beijing Aiport – https://www.flightradar24.com/data/airports/pek/statistics Half its normal air traffic and recent trend is down (past week) Just to compare the baseline of NYC – https://www.flightradar24.com/data/airports/jfk/statistics ​ … Read more

Well, China has important allies in the press.

by

WELL, YES: China Will Do Anything to Deflect Coronavirus Blame. “Not a single reputable epidemiologist has shown any evidence that the coronavirus came from anywhere else but China, and the Italian doctor whose comments were taken out of context to boost the case has publicly refuted it. Yet this is important because by permanently, or even temporarily, … Read more