Consumer Confidence Resumes Slide After V-shaped Hopes Dashed, Unemployment Beginning To Rise Again
The collapse in consumer confidence was definitely a big upset. Expectations were for a continued rise howbeit a modest one but the V-shaped hopes from the last survey turned out to be unfounded. The drop in consumer sentiment was across all segments but was more pronounced among higher wage earners. The last U Mich consumer sentiment survey was celebrated as being the beginning of a V-shaped recovery and many consumers didn't expect the economy to deteriorate further and it's caused some of those V-shaped hopes to fade. Buying conditions also fell for autos and large durables like appliances. Buying conditions for homes was supported in the beginning of the month by the record low mortgage rates but that too has begun to turn lower as the economic uncertainty and mass job losses are beginning to put pressure on an increasing number of households. I think the main issue here is a lot of consumers were led to believe the situation in the US was much better than it is in reality and it has really caught them off guard. With a turn in sentiment and expectations for a continued decline from the University of Michigan, we could see it begin to reverberate through the rest of the economy and see a lot more data sets begin to reflect the collapse from here. Another alarming trend is the fact that unemployment is on the rise again after declining for several weeks and we are back above double the previous record outside of this economic collapse. With continuing unemployment claims ranging in the millions every week, it will be hard to stage any kind of recovery besides one made of pure belief. As we can see in the consumer confidence data the facade is beginning to fail and the economic realities of the 2020 recession are pressing in on American households. ... https://www.youtube.com/watch?v=3NL-xS2v7sM
To avoid getting lost, you have to know how to find your location.
There are no street addresses in a combat area. However, by using
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No two squares have the same number. To get the right numbers
for a certain grid square, read from left to right along the bottom
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what happens in a government shutdown. Well failing to reach enough vote to fund the government we are faced with a shutdown but how does it affect you. Here is just what shuts down when the funding stops.
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https://www.youtube.com/watch?v=2SR4ai2Pdr0
Economic collapse news November 20, 2019.
First we begin with the downgrades to two types of cmbs deal due to failing shopping malls and other shopping retailers. This is one of many ways the retail collapse is beginning to be a drag on the economy. Shorting the mall retailers has become known as the Big Short 2 so we look at a couple heavy bets into a retail collapse that haven't panned out. Maybe He wasn't wrong, maybe He was just early... Also a lot of other stuff is going crazy including silver getting pummeled recently. It looks very attractive.
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https://www.youtube.com/watch?v=qElNlFTh1LA
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Inflation is much higher than official predictions and the main differences are very deceiving. Food prices and apparel were where it hit consumers in the inflation during the 70's though comparing the food in the grocery store today to the fresh natural food that was common in the 70's is completely ridiculous. Back in the 70's all of the food would be considered organic by today's standard and would only be available to those willing to pay top dollar, it's kind of sad actually. Comparing the same natural foods today reveals insane inflation in food prices.
Economist John Williams, the founder of ShadowStats.com, says the Federal Reserve has painted itself into such a tight corner with the economy it really has only two choices. Williams says it comes down to “Inflation or Implosion.”
Williams explains,
“You could see financial implosion by preventing liquidity being put into the system. The system needs liquidity (freshly created dollars) to function. Without that liquidity, you would see more of an economic implosion than you have already seen. In fact, I will contend that the headline pandemic numbers have actually been a lot worse than they have been reporting. It also means we are not recovering quite as quickly. The Fed needs to keep the banking system afloat. They want to keep the economy afloat. All that requires a tremendous influx of liquidity in these difficult times.”
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https://www.youtube.com/watch?v=ryosTOIeG0c
Silver Outperforms Every Investment YTD, and the party has just begun. We should note many market analysts are calling for a short term pull back but The end is not yet for previous metals. Silver is always degraded and stocks get all of the positive coverage however The best performing asset this year is silver followed by gold and the nasdaq at number three. Silver has even beat out assets The Fed has been purchasing with their freshly created funds. The positives for gold and silver remain strong as the money printing isn't even close to finished. The Elite have been Consolidating Power As Small Businesses Fail is the other problem and it seems the type of support, handouts, and favors that all of the chosen companies have received the small businesses in America had less than effective support and permanent business closures are soaring. It isn't just small businesses but large bankruptcies are running near record pace apart from the chosen ones. If you'll notice all of the most powerful companies has gained a tremendous amount of power during the worst depression since the great depression. millions of workers lose their jobs while Microsoft is handed TikTok.
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https://www.youtube.com/watch?v=p_YaGgiy3Yc
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Toyota stock plunged, global markets were hammered and Tokyo stocks closed at a 7-month low after the Nikkei reported that Toyota would slash global production for September by 40% from its previous outlook. The production cut - result of the pervasive global chip shortage which has crippled supply chains - will reduce Toyota's global production for September from 900,000 automobiles to 500,000.
As a result, Toyota's global production for the month well be below that of last September, when demand was beginning to recover from the initial stages of the chaos and Toyota turned out 840,000 units.
The production cut, which amounts to just about 350,000 units, means the auto giant will temporarily suspend production lines at multiple domestic factories, including its Takaoka plant in Aichi Prefecture, starting early next month. Production in North America, China and Europe will also be scaled back by tens of thousands of units, resulting in widespread furloughs.
European luxury stocks slumped, and were among the worst performers in Europe’s Stoxx 600, after Chinese state media this week said President Xi Jinping offered an outline for “common prosperity” via wealth modification- that includes income regulation and redistribution, putting China’s wealthiest citizens on notice. Among the biggest losers were Richemont -5.6%, Kering -5.3%, LVMH -4.2%, Swatch -3.6%, Burberry -2.7%, Hermes -2.2%. Hong Kong-listed Prada plunges 10%.
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https://www.youtube.com/watch?v=-Szr4A6g4zA
This video is tips and tricks to help someone get started investing in precious metals. I attempt to illustrate some things to avoid in silver investing. I also wanted to share some mistakes I have made and what I have learned from investing in silver. First we display some different types of silver, different weights. Then I attempt to explain my rational for my silver buying strategy. I also discuss what I find is the best value for your money when buying silver bullion and coins. Finally where to find the best deals on the silver coins I explained.
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https://www.youtube.com/watch?v=DxAKViWvYZg