You have been enduring an era of Bidenflation for a little more than a year now, and you're used to watching prices climb ever higher. But what's happening to fuel prices right now is shocking no matter how accustomed you are to inflation. The problem with fuel price inflation is that sooner or later, it hits everything that moves. Just imagine what will happen as higher fuel prices hit an already stretched-thin trucking fleet, and those costs are pushed on to grocery stores and retailers. Ashley Soriano reports for FoxBusiness: Many Americans are penny-pinching as the cost of food – and just … [Read more...]
Archives for March 2022
TECH WRECK: Scale of Wealth Destruction Underappreciated
Is the "Tech Wreck" a new dot-com bubble bursting? In the Financial Times, Robin Wigglesworth suggests that the scale of wealth destruction currently happening in the market is underappreciated. He writes: At what point does the slump in US technology stocks stop being dismissed as a mere “tech wreck” primarily centred on the most speculative companies and become considered a fully-fledged dotcom crash 2.0? The combination of increasingly hawkish central banks and Russia’s invasion of Ukraine has been toxic for equity markets this year. The MSCI All-Country World index is now down 12 per … [Read more...]
ILLEGAL? ESG Is Strangling Oil Exploration, and May Break the Law
You know that the so-called "Masters of the Universe" at Wall Street's big money managers have taken it upon themselves to use their influence over investors' money to push their own political agenda on markets. In other words, you invest, and they win. That agenda has been pursued via an investing philosophy known as Environmental, Social, and Governance (ESG) investing. A particular target for ESG investing has been oil and gas companies, which have found it very difficult to raise capital in the face of an investment industry that has become hostile to their efforts. The capital … [Read more...]
Ukraine Invasion Breaks the Nickel Market
The invasion of Ukraine by Russia, and the subsequent sanctions placed on Russia by most of the world, have broken the nickel market. Russia is one of the world's largest nickel exporters and attempts to shut off that supply have led to market fallout. The FT reports: The London Metal Exchange suspended trading in one of its main contracts after a vicious “short squeeze” sent the price of nickel soaring and left a Chinese metals tycoon facing billions of dollars in potential losses. Nickel prices doubled on Tuesday and briefly rose above a record $100,000 a tonne as banks and brokers … [Read more...]
MARKET TURBULENCE: Investors Must Navigate Russia-Ukraine War
It’s in times like these where you need to have Your Survival Guy investment plan in place and be vigilant about your personal security. You need to start off by understanding the value of compound interest, and of counterbalanced portfolio returns. Those are the foundations of any investment plan that seeks to ride through storms like the one in Europe today. The war in Ukraine is causing large increases in oil supplies as oil traders prepare for possible bans on Russian oil. The Wall Street Journal reports: The S&P 500 dropped 1.4%, while the Dow Jones Industrial Average declined 1.2%, … [Read more...]
Are High Gas Prices Hurting the Growth Outlook?
The oil market is wrapped in unknowns, and American consumers are feeling the pain of higher prices for gasoline and heating oil. In The Wall Street Journal, Scott Patterson discusses what could happen in the days to come as high gas prices affect the economy. He writes: Analysts were split on whether gasoline prices could rise high enough to discourage Americans from road trips when the spring and summer traveling season begins. If fewer people venture out onto the highways due to nosebleed gasoline prices and belt-tightening, that could reduce demand, potentially easing pressure at the … [Read more...]
BIDENFLATION: Gas Prices Started Rising Well Before War in Ukraine
Prices for gasoline are going up, and the media is blaming it all on the war in Ukraine. Certainly, Russia's invasion of Ukraine is affecting global markets, but gasoline prices began rising well before the bullets began to fly. Look at the chart below on the price of gasoline in New York Harbor since Joe Biden was inaugurated. Most of the increase in gasoline prices happened well before Ukraine was invaded. Action Line: Don't fall for the idea that the war in Ukraine is the root cause of energy price spikes. The root cause lives in the White House. It's not just gasoline either, … [Read more...]
Another New Entrant Targets Tesla and EV Market
Electric vehicle (EV) stocks have been popular with the investing public. Some have even grown so popular among investors that their market capitalizations are larger than many traditional auto companies. But ultimately the economics of the business are likely to bring many EV companies back to earth. The big problem for the EV industry is that the barriers to entry are low. Witness all of the new entrants you have never heard of before. Now Sony and Honda are teaming up to take share in the EV market. The Financial Times reports: Sony and Honda said they would form a joint venture to produce … [Read more...]
YOU’RE NOT A DATA POINT: Don’t Rely on a Robo-Advisor
Why is your lazy cash still sitting on your couch? Why is it eating your food and watching your TV for free while inflation runs hotter than ever? And it feels much higher than any government stats you’re hearing. Your Survival Guy wonders, isn’t it time you kicked your lazy cash to the curb and made it do something with its life? Of course it is. But what to do? Times, they’re a changin’. There was a time, as my father-in-law, Dick Young, reminds me in an early morning email, when investors could invest in low-cost index funds and call it a day. Not anymore, especially with “Robo-Advisors” … [Read more...]
COVID Has Paved the Way for More at Home Medical Tests
For years, testing companies have been lobbying for the ability to produce more at-home tests for things like flu and strep throat. Now that the world has gone through an at-home test crash course during COVID-19, they may get what they wanted. Austen Hufford reports for The Wall Street Journal: The Covid-19 pandemic has hastened consumers’ willingness to test for more medical conditions at home, test makers said, expanding the market for self-diagnostic products. Manufacturers are developing new types of at-home tests, including for flu and strep throat, aimed at consumers who are … [Read more...]
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