Fans of “complementary currency” are betting that this Depression-era idea for keeping towns alive by printing local money can prove its worth as pandemic relief. Source: A Depression-Era Idea Gets a New Look: Local Money – Bloomberg
Equity markets are hitting and maintaining all time historic highs, so it seems reasonable to believe that the economy is performing at exceptional levels in order to justify the record-high valuations. However, when one becomes aware that there are at least 32 million unemployed, that many of the lost jobs will never return, and that […]
Gold is hot but wood is on fire as the “shelter” of choice for many Americans. Check out the story link below. Source: Move Over Gold. Wood Is the Shelter of Choice in the Pandemic
Money isn’t distributed equally enough in America anymore, and it’s getting worse, faster. Those living on minimum wage are earning 38% less, adjusted for inflation, compared to their counterparts 50 years ago. What gives? — Read on finance.yahoo.com/news/america-we-have-a-problem-115714416.html
Cool new business idea from Japan: smart masks that do the communicating for you when you can’t. — Read on www.yahoo.com/entertainment/japanese-startup-creates-connected-face-094546599.html
The Corona Virus outbreak is expected to bring hardship to many parts of the economy, including the still overvalued housing sector. Once the virus contagion subsides and economy starts up again, baby boomers are expected to flood the housing market as they try to downsize and extract equity from their homes in order to cover […]
The world’s advanced economies are trying to keep their balance on an unstable platform of high consumption, asset prices and household debt as we enter the 2020s. Any significant shock or increase in volatility could trigger “doom loops” that compromise the economic and financial systems. — Read on finance.yahoo.com/news/economic-doom-loops-harder-avoid-000035999.html
Want to know what to do when the economy starts to decline? Take a look at what the superrich are doing and plan accordingly. Source: The Superrich Are Selling Stocks, Buying Properties and Keeping Cash Ready – Barron’s