News Briefing:

JP Morgan CEO Jamie Dimon says. “ The recessionary part of this you’re going to see down the road”

There is no one overseeing how the Treasury Department and Federal Reserve spend $500 billion in coronavirus relief funds.

The Charlotte Observer’s Austin Weinstein: “Wells Fargo said it plans to cut billions in expenses after posting a quarterly loss for the first time in over a decade on Tuesday

From the Washington Post: “A trove of data on $517 billion in emergency small-business loans contains numerous errors that cast doubt on the Trump administration’s jobs claims and obscure the real economic impact of the program”.

Stephen Roach, the former chief economist at Morgan Stanley, warned last June: "A crash in the dollar could well be in the offing. It's going to fall very, very sharply”

A wave of loan losses and inflation begin to strike the US Market and prices on everyday items. Yet interestingly the stock markets are still thriving. Is this proof of a design by overseers to take advantage of stock market spectators? This past year GME proved to be an industry disruptor. Causing an eye-opening experience creating thousandares all over the country. Which came with a price if you were a Robinhood user restricting from trading GME. However, we beat the elite. We drove the price of GME “to the moon”. Now we are experiencing inflation to the moon as the dollar loses its momentum as the world’s reserve currency. Not to mention the competitive landscape with bitcoin and other digital currencies now available and accepted across the world. Banks are beginning to set aside billions in order to cover losses from the pandemic. A recession will be triggered by the coronavirus and it may be longer than expected. Here a ways to protect yourself.

• Diversify your portfolios: Inflation tends to rise as commodity prices rise, and when commodity prices rise, that tends to be favorable for those that produce it.

• Commodity Indexed Trust ETF: Inflation tends to rise as commodity prices rise, and when commodity prices rise, that tends to be favorable for those that produce it.

• REITs hedge inflation: property prices and rental incomes should rise alongside it.

As financial institutions prepare we can prepare too even it is starting off very small!

Love.

Alexis Williams