In any country, in any city, you will find inequality. Some areas are more obvious than others. Today, we are seeing a growing gap in between those who have it all, and those who have nothing. Prosperity is an essential component of a healthy economy. If people are feeling confident, they will save, spend, and invest. If they’re unsure, their decisions will be short term, and done out of fear and survival. A strong middle class is what is needed.
Coronavirus is exacerbating economic inequality in the U.S.
Welcome to the Covid Economy, CNBC Make It’s deep dive into how the coronavirus pandemic is impacting all areas of our lives, from to housing, health care to small business . We’re focusing on North Carolina, a swing state that has seen rapid economic growth – and growing inequality – since the last recession to learn how residents are weathering the economic consequences of this once-in-a-lifetime health crisis.
Herd Mentality – Hussman Funds – Commentaries – Advisor Perspectives
Here in the U.S., I estimate that the actual number of people infected by SARS-CoV-2 to-date is currently just over four times the number of reported cases. Actual cases are undercounted partly because, based on very large-scale, unbiased testing, roughly 45% of people who acquire SARS-CoV-2 infection are asymptomatic.
Furloughed Jobs Disguise The Eurozone Employment Crisis – Analysis – Eurasia Review
By Daniel Lacalle* The United States jobs recovery slowed down slightly in September, but the employment recovery is still faster than in most comparable economies. The jobs report showed a healthy 661,000 gain in nonfarm payrolls last month. Much of the difference with consensus came from shifts in government payrolls, which fell 216,000 in September.
(6) Mike “Mish” Shedlock on Twitter:
“1. Back-to-back, the NBER is likely to call it one big recession. Europe may call it two. 2. Short-term, I expect more silly US decoupling theories. 3. Some claim the US recession is already over. If so, it was the most uneven recovery in history.” / Twitter
1. Back-to-back, the NBER is likely to call it one big recession. Europe may call it two.2. Short-term, I expect more silly US decoupling theories.3. Some claim the US recession is already over. If so, it was the most uneven recovery in history. https://t.co/UKgvB4ikJo
Q3 2020 Market Reports: Manhattan Rents Fall to 2011 Levels
College-Age Americans Face Permanent Hit With Few Job Prospects
Bloomberg 2 days ago Craig Torres, Catarina Saraiva and Gufeng Ren (Bloomberg) — America’s youngest workers started the year with a rare opportunity to slingshot their careers in the hottest job market in decades. They’ll end 2020 facing some of the nation’s bleakest employment prospects and the most volatile job market ever for recent college graduates.
COVID-19 Kills Sovereign Wealth Funds Appetite for US Direct Real Estate Investing – SWFI
Direct Sovereign Wealth Fund Transactions – U.S. Real Estate Sector Data: SWFI.com (SWFI Asset Owner Terminal) Filter: Sovereign Wealth Funds. Type: Deal, New Security Issue, Open Market. No fund commitments. Sector: Real Estate. Country: United States NOTE: For Logistics, included Industrial REITs. 2020 data is ongoing.
Fitch Downgrades WeWork to ‘CCC’
HOW TO MAKE MONEY ON AMAZON – FREE eCOURSE: http://TheAmazonGPS.com
LOOK THROUGH MY BOOKS! http://books.themoneygps.com
SUPPORT MY WORK: https://www.patreon.com/themoneygps
MY FAVORITE BOOKS: http://themoneygps.com/books
Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2020
The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.
The financial system has been dealing with considerable issues. We have seen more retail and institutional investors trying to attract yield and higher returns. They are buying stocks, buying equities, buying ETF’s.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.