- Money is just not circulating all that
well. So, talk of inflation is probably a bit premature. Velocity of money
- YoY US Core consumer price inflation is
currently at 1.2%
- Great
NEWS! (AP) — New Zealand on Sunday marked 100 days since it stamped
out the spread of the coronavirus, a rare bright spot in a world that continues
to be ravaged by the disease.
- US Jobs grew 1.763 million, beating the
consensus estimate of 1.6 million.
The unemployment rate at 10.2% is down from 11.1% in May.
- According to
Bloomberg US renters are having a bit of a problem. Some 27% missed their
payment in July and some 34% have no confidence of being able to make the
August payment. Loss of
housing is similarly disruptive to both renters and owners on many dimensions.
- Gold will top $3,000, says this firm,
one of the first to call the gold bull market of the 20th century
- Economist: Nvidia
tries to get its hands on Arm
- Smartphones that use a certain
Qualcomm Inc. QCOM chip and run Alphabet Inc.'s GOOG Android operating system
have hundreds of vulnerabilities that hackers can exploit to spy on users,
according to cybersecurity company Check Point Software Technologies on
Thursday.
- Baker Hughes
Rig Count: U.S. -4 to 247, Canada +2 to 47 U.S. Rig Count is down 687 rigs from
last year's count of 934, with oil rigs down 588, gas rigs down 100, and
miscellaneous rigs up 1 to 2.
- Elon Digging? The machinery could suggest that the Boring Company is
setting up to dig a tunnel connecting Los Angeles and Las Vegas,
- Economist: Satellite images from
Brazil’s
National Space Agency revealed that there were 28% more fires in the Amazon
this July compared with last year.
- TIK Tok The
thing spreads faster than Covid-19: TikTok now has 800 million monthly active users around the globe. And it’s far more
contagious: Just under half of U.S. teenage internet users have used TikTok. If it were a pathogen, it
would be the Black Death.
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