Mottek On Money

Mottek On Money (Weekend of November 14th, 2020)


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Stocks rally on optimism that a coronavirus vaccine will soon be available in the U.S. Covid cases meanwhile rise in all 50 states as authorities warn against having large holiday gatherings in hopes of slowing the spread of the out of control virus.  The SP500 ended the week at a record high. All of the other major averages touched record intraday highs early in the week. Analysis of the markets and the Main Street economy from Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Share's ETF's and Beanstox, Economist Robert Kleinhenz, Principal, Kleinhenz Economics, Associate Director of Research, Office of Economic Research, Cal State Long Beach https://cla.csulb.edu/departments/economics/office-of-economic-research/csulb-regional-economic-forum/ Jeff Lazerson, President of Mortgage Grader and OC Register columnist discusses the latest on mortgage rates and a spike in mortgage delinquencies. Armando Castro, Jr., Owner, El Floridita restaurant in Hollywood, discusses the challenges of staying in business during the pandemic as long time customers beg for the return of salsa music and dancing as soon as possible.  www.elfloridita.com 

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