Ron Insana: Wall Street is surging while Main Street is suffering
New York Stock Exchange building is seen decorated for Christmas at the Financial District in New York City, United States on November 30, 2020. Anadolu Agency | Getty ImagesIt's absolutely time to revisit the Wall Street versus Main Street argument that has ebbed and flowed through the course of the pandemic-induced economic lockdown, the subsequent recovery and where we are today. I have said repeatedly on CNBC that, for the first time in my 36-year career, I care a great deal less about what happens on Wall Street than what IS happening on Main Street. Further, recent data show the pace of Main Street business failures accelerating. Multiplied across 50 states and the pain will continue to hurt Main Street far more than Wall Street, since the public financial markets have no active discounting mechanism for the success or failure of small, private shops.
cnbc.comAt last, the first coronavirus rap has emerged from Detroit and it's infectious AF
click to enlarge Screengrab / YouTubeStay away from GMAC Cash. And now, the current global COVID-19 pandemic has given usfirst masterpiece: GMAC Cash's latest, the aptly titled "Coronavirus" and it fucking slaps.GMAC Cash, Detroit's self-proclaimed "King of Parody Rap," has never shied away from addressing local hot topics. Last year, GMAC released On Strike made in solidarity with United Auto Workers' strike of General Motors. Like a roving fountain of health or a rogue sanitation fairy, GMAC runs through the streets misting anyone who crosses his path with pure rubbing alcohol because why the hell not? Stay vigilant, GMAC.
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