What is happening in our cities has millions of decent citizens in a state of disbelief and confusion. The absolute insanity of the mess that is being allowed to transpire by those whose responsibility it is to safeguard the interests of America borders on unbelievable. Nevertheless, it is happening, and those who simply observe it...
Author: support
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U.S.A.: SOLD OUT BY THE FED
For those who have been following my market-focused articles in the Trends Journal, you’ve got a heads up: you know what’s going to happen before it does. I am glad for the opportunity to bring you cutting-edge information on the markets, keeping you “in the know” with actionable plans to consider before the market reacts....
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U.S. MARKET OVERVIEW
Across Europe, governments have ramped up the COVID War with a wide range of rules that are locking up and closing down major segments of the economy. With few exceptions, across the globe, nations have sunk into sharpest economic contraction since the Great Depression. From the U.K. to Argentina, from India to South Africa, credit...
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GOING DOWN, GOING BUST, GOING OUT
OIL INDUSTRY CUTS 107,000 WORKERS. The jobs, which disappeared from March through August, are unlikely to return, even if oil prices remain at $45 a barrel through 2021, according to an analysis by accounting firm Deloitte. The jobs were lost when the overleveraged U.S. shale oil industry crashed, shot down by a combination of plunging...
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GLOBAL ECONOMIC TRENDS
BILLIONAIRES GAINED WEALTH DURING THE ECONOMIC SHUTDOWN, During the pandemic, the wealth of the world’s billionaires grew by 13 percent to reach $10.2 trillion, topping $10 trillion for the first time, according to a study by UBS and accounting firm PwC. The previous record was $8.9 trillion at the end of 2019. Between 7 April...
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TRENDS IN REAL ESTATE
REAL ESTATE INVESTORS CHOOSING SINGLE-FAMILY RENTAL HOMES. Invitation Homes, the largest owner of U.S. rental houses, has formed a joint venture with Rockpoint Group, a Boston-based property investor, to spend about $1 billion to buy another 3,500 rental properties. Invitation owns about 80,000 houses and has been spending an average of $200 million a quarter...
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LEAVING LAS VEGAS
Nevada conventions and other gatherings can now include as many as 1,000 people, up from 50, as long as the group is separated into sections of 250 individuals, including servers, according to recently revised orders from governor Steve Sisolak. That was not good enough for the Professional Rodeo Cowboys Association, which took its ten-day National...
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MOODY’S LOWERS NEW YORK’S CREDIT RATING
Moody’s Investor Service has lowered its credit rating for New York City and New York state because of the economic shutdown’s impact on their current and future revenue. Both were downgraded one step to a rating of Aa2, which is the third-highest rating possible. “The downgrade reflects the substantial financial challenges New York City faces,...