The Masters of the Universe Align Themselves with CHINA Using YOUR Money?
BlackRock now manages over $10 trillion in assets. Its funds are among the three largest shareholders in more than 80% of the companies in the S&P 500. In speaking about CEO Larry Fink, David Rubenstein, the co-founder of the private-equity firm Carlyle Group Inc. said, “Treasury Secretaries and finance ministers come and go. They work for someone else who can fire them tomorrow and have to build what others want them to. When you are the CEO of the biggest asset manager, you don’t have to do that.” So when you become THAT BIG, doesn’t life get boring? What’s next? Another jet, or a … [Read more...]
TECH DIFFICULTIES: Big Tech Focused Hedge Funds in Trouble
Hedge funds that have focused for years on big tech investments are finding themselves in trouble as the industry stalls. Juliet Chung reports for The Wall Street Journal: A major bright spot for the hedge-fund industry in recent years has suddenly darkened as stocks of technology and other fast-growing companies sell off, handing out large losses to some big investors. Hedge funds investing in growth stocks turned in their worst performance in years in 2021, according to portfolio managers and their clients. Many funds were hit by large losses late in the year, with the drubbing … [Read more...]
Inflating Their Way out of Inflation
Spending more money to end inflation is much like drilling a hole in the bottom of a boat to let the water out. Yet, that's just what many Democrats want to do. In The Wall Street Journal, former chairman of the Senate Banking Committee Phil Gramm, and former Deputy Staff Director of the Senate Banking Committee Mike Solon, point out the inanity of Democrats' attempts to justify more spending as a way to stop inflation. They write: For 40 years, the pain of inflation was only a fading nightmare. Then last year, piled on top of Donald Trump’s ill-advised postelection spending surge, the Biden … [Read more...]
GM of Vail Owned Attitash, NH to Step Down
Hopefully, this is a move in the right direction as the GM of Vail owned Attitash, NH is replaced as reported by the Conway Daily Sun: Attitash Mountain Resort General Manager Greg Gavrilets is resigning, effective Jan. 17. A statement shared with the Sun that Vail Resorts, corporate owner of Attitash, released to employees, said: “We thank Greg for all he has contributed to our resort and wish him every success in the future. Gavrilets, Vail said, "will continue to lead Attitash until his departure Jan. 17, after which Deirdre Riley will assume interim day-to-day leadership … [Read more...]
NO COMPASSION: Lockdowns Break Children, Murder Businesses
In my conversations with you, you're telling me without saying a word that you're weary. You're exasperated. And you're excited to vote the bums out in November. But it's a long time between now and then—and what is Trump going to do? Does he even like DeSantis? In my conversations with you, you're telling me about your water situation. You have well water. You're looking for a water filter if things break down. You know I like the Zero Water filter and own a Berkey water filter system. Can you improve your water situation? Find out here with my special report, Emergency Water Storage: How … [Read more...]
INFLATION EFFECT: Stocks Threatened by Rising Real Yields
Stock prices for shares with high valuations are being threatened by rising real yields. The Financial Times reports: A jump in real yields — the return bond investors can expect once inflation is taken into account — has jolted markets in early 2022 and is behind a pullback in high-flying technology stocks, investors say. The yield on 10-year inflation-linked US government bonds has surged 0.24 percentage points since the end of December to minus 0.86 per cent, as investors position for the end of the Federal Reserve’s bond-buying programme and bet on interest rate rises from the US … [Read more...]
SELL OFF? Taking a Bite Out of Apple
I want you to understand that stocks, like trees, don’t grow forever. Look at Apple stock. During the first trading day of 2022, Apple’s market cap surpassed $3 trillion. Did you know that on the same day with $3 trillion, you could have owned all of McDonald's, Walmart, AT&T, Philip Morris, Berkshire Hathaway, Proctor & Gamble, JP Morgan Chase, Starbucks, Boeing, Deere, and American Express combined? Does that mean Apple’s going down from here? Listen, I’m Your Survival Guy, not Johnny Appleseed. But here’s the deal. When you get older, you can’t afford to lose money (can you … [Read more...]
Want to Get Away? Mt. Washington -23° this Morning
Well, it’s -23° at the top of Mt. Washington, NH this morning, with a windchill of -64°. At my cabin in Bartlett, it’s -5° with a windchill of -33°. Key West it is not. But even with this bitter cold snap, my favored Super State of New Hampshire is an island of freedom for New Englanders. Isn’t it time you found the freedom you deserve? Check out the Mt. Washington Observation Deck Weather Cam here. Your Survival Guy's 2022 Super States: #1 New Hampshire Coming in at number one on Your Survival Guy’s 2022 Super States ranking is New Hampshire. Why? For starters, it’s a beacon of … [Read more...]
INVESTING BY NOTIFICATION: Future or Folly?
Do you want to make decisions for your $2 million dollar portfolio based on the automated notifications coming across your mobile device? That's what UBS is hoping for, as they roll out digital advice to investors across the globe. Margot Patrick reports for The Wall Street Journal: UBS Group AG UBS +0.29% doubled profit in its U.S. wealth business over the past five years by wooing rich families with white-glove service. For its next act, it is going after the not-as-rich with cheaper digital advice. The Swiss bank bills itself as one of the world’s largest wealth managers, with access to … [Read more...]