Worst of Crisis Still Coming, Warns BIS! Debt, Evictions, and Looming Economic Volatility

The global economy is continuing on its downward trend. The financial system teeters on the edge, while maintaining the facade that somehow we have nothing to worry about. We have the occasional report of positivity from paid actors and institutions. But overall, the data is not reasonable. It’s not ok to have millions of people subsist only by help of government. Something is broken and those in charge are not there to fix it, in fact they’re only making it worse.

 

Americans are forced to raid retirement savings during the pandemic

www.cnbc.com/2020/09/14/americans-are-forced-to-raid-retirement-savings-during-the-pandemic.html

Lumber’s Staggering Rally Has New Homes Selling for $16,148 More – Bloomberg

www.bloomberg.com/news/articles/2020-09-14/lumber-s-staggering-rally-has-new-homes-selling-for-16-148-more?srnd=prognosis

Eviction Filings by Big Landlords Surged After Trump Issued Ban – Bloomberg

www.bloomberg.com/news/articles/2020-09-14/eviction-filings-by-big-landlords-surged-after-trump-issued-ban

Biggest Crisis Test Is Still to Come With Insolvencies, BIS Says – Bloomberg

www.bloomberg.com/news/articles/2020-09-14/biggest-crisis-test-is-still-to-come-with-insolvencies-bis-says

Biggest Crisis Test Is Still to Come With Insolvencies, BIS Says – Bloomberg

www.bloomberg.com/news/articles/2020-09-14/biggest-crisis-test-is-still-to-come-with-insolvencies-bis-says

Bank Credit Swaps Signal Concern Over World’s Weakest Lenders – Bloomberg

www.bloomberg.com/news/articles/2020-09-14/bank-credit-swaps-signal-concern-over-world-s-weakest-lenders

Manhattan’s One Vanderbilt Skyscraper Opens Up to Dead Midtown – Bloomberg

www.bloomberg.com/news/articles/2020-09-14/manhattan-s-newest-skyscraper-is-opening-up-to-a-dead-midtown?srnd=premium-canada

New York Sports Clubs Owner Goes Bankrupt After Gym Shutdown

finance.yahoo.com/news/york-sports-clubs-owner-files-045126109.html

Steven Mnuchin: Now is not the time to worry about federal deficits

www.cnbc.com/2020/09/14/steven-mnuchin-now-isnt-the-time-to-worry-about-the-deficit-fed-balance-sheet.html

What Is Monetary Policy in 2020? Latest Thinking During Virus, Covid-19 Lockdown – Bloomberg

www.bloomberg.com/news/articles/2020-09-13/the-year-unconventional-monetary-policy-turned-conventional?srnd=premium-canada

The illegal occupation of houses grows 58% in five years | Spain

www.elmundo.es/espana/2019/11/24/5dd97350fc6c83f63c8b45b1.html

Food bank operators are optimistic despite expecting a surge this fall

www.jsonline.com/story/news/2020/09/09/food-bank-operators-optimistic-despite-expecting-surge-fall/5702005002/

BP says oil demand may have peaked last year – CNN

www.cnn.com/2020/09/14/business/bp-oil-demand-peak-coronavirus/index.html

Creating More Job Opportunities: Amazon Hiring 100,000 New Full- and Part-Time Employees Across the U.S. and Canada | Amazon.com, Inc. – Press Room

press.aboutamazon.com/news-releases/news-release-details/creating-more-job-opportunities-amazon-hiring-100000-new-full