Zombie The Coronavirus Financial Thread (Personal, Local, National)

I almost always go for quality over anything else. It never disappoints in the long run.
Yes, they are making a huge mistake although it's my conviction that it's more important in basketball than in soccer. However, it's important to some degree or other in all sports.

 

US trade deficit surges in July to highest in 12 years
for the guy who's economic policies attacked trade deficits and was going to renegotiate much better ones for the US, seems like a miss in that regard.
The goods deficit with Mexico hit a record high of $10.6billion in July. Trump has claimed the new free trade deal he has negotiated with Mexico and Canada will be a boon for American workers and businesses.

https://apnews.com/dd93ecd3cafc5df88a8f9f4a61693b07

 

Chase Sapphire Preferred sign up bonus is 80k Ultimate Rewards Points if you spend 4k in 3 months. That's like $1,000 in travel credits.

https://onemileatatime.com/chase-sapphire-preferred-80k-bonus/

Card gives you PRIMARY rental car coverage.

 

I think they're mostly 18 yrs old.

 

this should tell everyone that it is going to be a very long haul for economic recovery in the USA.

https://www.cnbc.com/2020/09/16/yel...e-coronavirus-pandemic-are-now-permanent.html

Yelp data shows 60% of business closures due to the coronavirus pandemic are now permanent

Key Points

• Yelp on Wednesday released its latest Economic Average report, revealing business closures across the U.S. are increasing as a result of the coronavirus.
• As of Aug, 31, 163,735 businesses have indicated on Yelp that they have closed, a 23% increase since mid-July.
• According to Yelp data, permanent closures have reached 97,966, representing 60% of closed businesses that won’t be reopening.

 

grave digging is a growth industry

 

This would be good for my kids to learn some lessons on finance and maybe build their credit at the same time.

 

What, financing consumer goods is stupid?

I saw that they are financing shoes and clothing now. Affirm pay or some shit.

Just have them get a CC and make sure they don't miss payments and keep their balances under 30% utilization, that should be good enough.

Although they probably shouldn't even worry about that until they are working in the real world. Its too tempting for college kids, God i know I ran my student visa up like crazy

 

Everything seems more expensive. Haircut went from 30 to 40 bucks.

Food at local breakfast spot 30% increase

 

Buy food stamps on the black market.

Haha I actually have a quirky friend who I’ve known since elementary school who does that. Gets them for 60% of their worth.

 

trickle down economics my ass.

The richest one-tenth of Americans owned more than two-thirds of the nation’s wealth, according to Fed data through the end of March, the latest period for which figures are available. The top 1% owned 31%.

look closely at the top chart. that tiny thin red line at the very bottom represnts the bottom HALF of this nation's population and the tiny share of its ownership of the wealth in the richest country on earth. lots of good info here. or bad. a country of haves and have nots . i wonder if has become as top heavy as pre revolution france?

Soaring wealth during pandemic highlights rising inequality
https://apnews.com/28a44dd1a025d9b9af5a8d4ff8c5a033

 

The experiment in capitalism has failed.