Inflation? Yes. Your Survival Guy paid $19.50 per pound for fresh cod last week. I know you’re seeing inflation too because you’re telling me about it. How about buying a boat? New ones are back-ordered for months because of a shortage of resin and off-the-charts demand for new boats. How about used boats? This is anecdotal evidence, but the for sale listings in the back pages of On the Water magazine are scarce. In the past, there would be several pages worth of listings. The most recent issue? Two pages. You can’t find a boat today. Not to mention a good fishing rod and reel to go with … [Read more...]
Archives for June 2021
Your Emails and Comments on Med School Talk
In my conversations with you, you're telling me you liked Your Survival Guy Presents to Prestigious Med School. I turned it into a Special Report: How To Invest After Graduating College so you can give it to someone you care about who's just starting out with their career. If you haven't read the piece, you can read it here: Excerpts from my Wednesday presentation to recent grads and associates of an esteemed NYC med school. I love hearing from you. This week I'm choosing two emails to share with you because of their unique perspectives: One from a doctor client remembering when he first … [Read more...]
Can Robinhood and SoFi Bring IPOs to the Masses?
For most of history, initial public offerings have been a walled garden for many investors, who were unable to gain access to their benefits. That may start to change if Robinhood and SoFi Technologies get their way. Telis Demos reports for The Wall Street Journal: Small investors seem more influential than ever these days. So as the initial public offering market heats up, efforts to get those investors a bigger seat at the table is a hot idea. It’s also not a new one. Upstart brokerages Robinhood Markets and SoFi Technologies recently said they would give their customers access to IPOs. … [Read more...]
Inflation and Destruction of the U.S. Dollar University
Biden's backdoor student loan forgiveness is as clear as day even though headlines read otherwise. With inflation running hot, team Biden is actually thinking about forgiving student debt by destroying the dollar. When you run out seven percent inflation (not impossible) for ten years, debt is half of what it was. Coincidence? Hardly. While Biden ratchets up inflation to pacify the radical progressives and students who put him in office, the American middle class will suffer. Kristin Tate writes in The Hill: The sharpest tax President Biden is levying upon Americans is one that was … [Read more...]
The Plan to Make Food Delivery Profitable, Eventually
Food delivery has not been a very profitable business in the past. In fact, net income has been elusive. Laura Forman reports in The Wall Street Journal on the plan to change that, eventually. She writes: They say those who don’t learn from history are doomed to repeat it. But in food delivery, DoorDash DASH -4.10% and Uber Eats are trying to avoid repetition. Last month, Grubhub GRUB -1.91% Chief Executive Matt Maloney called food delivery a “crummy business” in an interview with The Wall Street Journal, something he has been quoted as saying in cruder terms years earlier. Grubhub was … [Read more...]
2020 Exposed the Madness of Living in Big Cities
America's big cities are normally a balanced churn of people arriving and people departing, but 2020 tipped the balance. Residents rushed to escape the city, with Americans eager to build islands for their families away from the riots, looting, and COVID lockdowns imposed on them by governors gone wild. Other Americans who would normally have moved into the city were too afraid or just didn't want to deal with COVID restrictions, and mass unrest. In big blue cities, where the wealthy are treated like a piggy bank for politicians focused on their own legacies, departures soared. With remote … [Read more...]
The Reach for Return at Pension Plans and Endowments
In the last few years with bond yields so low, institutional money managers at endowments and pension funds have had to reach for return in areas they normally would eschew in order to hit their targets. Robin Wigglesworth reports on the industry's tactics, and what the future may bring at the FT, writing: Institutional money managers are grappling with a grim investing outlook, sending them on a hunt for the next big idea decades after the late David Swensen triggered a revolution when he arrived at Yale’s endowment in 1985. It is a pressing problem. Asset allocators like Swensen — who … [Read more...]
Biden’s Infrastructure Plan Is a Giveaway to Corporate Cronyism
The problems plaguing roads, bridges, subways, and airports are mostly caused by a lack of political will at the local level. No amount of federal money can fix those problems, and will probably only make them worse by insulating the inept local politicians from the problems they have created. Joe Biden's massive infrastructure plan (which spends much of its funds on nearly everything but infrastructure) is a corporate giveaway to green energy lobbyists and a backdoor bailout for underperforming Democratic governors who have treated their citizens like a piggy-bank. Is it any wonder … [Read more...]
Computer Buying Boom Continues as Businesses Join In
At the start of the COVID-19 pandemic, the rush to work from home created a run on personal computers that pushed demand much higher than it had been for some time. That demand is still elevated but is now being joined by commercial demand for computers as employers seek to bring employees back to the office. Maria Armental reports for The Wall Street Journal: A pandemic-fueled run on computers helped HP Inc. HPQ +1.88% and Dell Technologies Inc. DELL +2.13% deliver strong financial results for the latest quarter despite a semiconductor shortage that is denting some industries. Dell on … [Read more...]
Even After One-Child Policy Disaster, China Thinks it Can Fix It All With A New Mandate
After decades of mandating one child per family, China's government caused a demographic and human rights disaster. Far too late, the government began allowing two children per family in 2015. But that's not enough, and the country is now allowing three children per family. China said Monday that it would allow all married couples to have as many as three children and provide government support for education and child rearing, a move that comes as Beijing struggles to reverse a worsening demographic situation that presents a host of social and economic challenges. The shift comes more than … [Read more...]
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