We knew that the market’s ups and downs would, in the short-term, be dependent on stimulus talks. With yesterday’s frustrations came a market selloff. But it’s not the end of the world. Markets have largely priced in a stimulus package, and it’s only a matter of time before politicians give the voting population what they want.
Of course, not every stock will go along for the ride. The news that the FTC, as well as 48 state attorneys general, are suing Facebook for running a monopoly brings back the days of the government’s antitrust case against Microsoft. That may weigh on some big tech shares, so expect more volatility than usual in the tech space.
Now here’s the rest of the news:
U.S. Economy at Risk of ‘Double-Dip’ Recession Without Additional Coronavirus Relief
That’s according to a new analysis published by S&P economists, which argued that without additional stimulus measures amid a surge in COVID-19 cases, the GDP – the broadest measures of goods and services produced in the country – will almost certainly decline for two consecutive quarters, postponing a full recovery until the second half of 2022.
Americans are likely to see prices jump across a variety of sectors next year, thanks in part to Covid-19 vaccines that will potentially turbocharge demand for such pandemic casualties as travel and tickets to sporting events.
Gold currently at $1,873.31, silver at $24.67
December 10, 2019
WHEN SOMEONE TOLD ME I LIVED IN A FANTASY LAND I NEARLY FELL OFF MY UNICORN.
Let’s have a bit of fun today, okay? Searching the WWW, I came upon this definition of Passive Income.
Passive income is earnings derived from a rental prop-erty, limited partnership or other enterprise in which a person is not actively involved. As with active income, passive income is usually taxable. However, it is often treated differently by the Internal Revenue Service (IRS). [May 9, 2019]
Here’s Sunny Lenarduzzi to provide us with “Three 100%_evidence_based Passive Income Strategies.”
This is my favorite NO NONSENSE quote from Warren Buffet, “If you don’t find a way to make money while you sleep, you will work until you die.” And I certainly don’t want to work! 🙂