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 freedom in New England. And its motto is “Live Free or Die.” What’s not to love? Because in times like these it’s your FREEDOM that matters most. Look at the island of freedom New Hampshire offers to New Englanders, and you see why it tops my list. Plus, it’s a great escape from any city, including Newport, from seasonal crowds. My family has been going to New Hampshire skiing for as long as I can remember. When I was a kid, we’d go to King Ridge, where you parked … [Read more...]
This Isn’t the First Time the Fed Got Inflation Wrong
At the Financial Times, Frederic Mishkin explains how the Fed has gotten inflation so wrong, and that this isn't the first time. He writes: Three flaws in the Fed’s monetary policy framework have led to overly expansionary monetary policy. First, there has not been enough focus on demand shocks. The Fed has based its view that the inflation surge would be shortlived on the extensive negative supply shocks that Covid-19 has imposed on the economy. Although, negative supply shocks are surely one source of the surge in inflation, the Fed has not paid enough attention to very strong … [Read more...]
TOP HEAVY: Focus on Big Indexing Could Cause Market Chaos
Originally posted on December 14, 2021. In an excellent review of a festering problem in the market today, Randall Smith of The Wall Street Journal, outlines the $1.3 trillion Vanguard Total Stock Market Index Fund (VTI), and the growing importance of the CRSP U.S. Total Market Index to the future of markets. What’s concerning to Your Survival Guy is that the top 10 companies of the CRSP U.S. Total Market Index comprise a quarter of its value. Does anyone remember the plight of the Nifty 50 in the 70s? When people fell out of love with the Fifty, the S&P crashed 48.2% from early … [Read more...]
Your Survival Guy’s 2022 Super States
Last year I brought you the first installment of my Super States. The fundamental characteristic of a Super State is one that treats its citizens with respect, as though they were the state's best customers. Businesses and citizens in Super States are encouraged and aided by state policies, not encumbered and held back by restrictions and regulations. Now, Your Survival Guy is pleased to present the Super States of 2022. This year my focus is on promoting the states where your freedom is a top priority. Here on the map you see my Super States in green. States showing up in red are the … [Read more...]
TECH WRECK: NASDAQ Stocks Suffering
The mostly tech oriented stocks of the NASDAQ Composite Index have not been faring well. Nearly 40% are down 50% from their 52-week highs. Vildana Hajric reports on the carnage for Bloomberg, writing: Roughly four in every 10 companies on the Nasdaq Composite Index have seen their market values cut in half from their 52-week highs, while the majority of gauge members are mired in bear markets, according to Jason Goepfert, chief research officer at Sundial Capital Research. “Whatever the fundamental and macro considerations, there is no doubt that investors have been selling first and … [Read more...]
HUGE IMPLICATIONS: Market Sell OFF Sends a Message
The implications are HUGE from yesterday’s stock market sell-off. If you live in or around Boston or Newport, RI, this is ground zero right now for Covid-19, thanks to everyone seeming to have the Omicron sniffles. This is the last gasp for power. You can feel the surge to lock things down, BIG TIME. Pay attention to what I’m telling you. Because if you want to dine at the premier dining establishments, you better have your Vax card because they no longer accept just American Express. It’s “show me your papers” or “no soup for you.” And if you don’t like it. Too bad. No problem. They’ll … [Read more...]
IKEA UPGRADE: Furniture, Meatballs and…Robots?
IKEA is best known for its self-assembled furniture, and Swedish meatballs available at its stores. But the next big thing people may associate with IKEA are robots. The company plans to employ many more robots and automation in its business to adapt to surging demand. Colin Campbell reports for Supply Chain Dive: Ikea is seeking to improve its e-commerce capabilities after struggling to adapt to the surge in orders at the beginning of the pandemic. Ikea upgraded its physical stores in addition to its distribution and customer fulfillment networks as it pursues … [Read more...]
MOVING TIME: You Know Where the Vans Are Headed
When was the last time you rented a U-Haul? You know those big moving vans, not a pickup truck for weekend projects. I’m guessing it was to move a son or daughter or perhaps your family. I’ve rented a big moving van twice in my lifetime, and both were big moves. The first time was moving from Boston to the suburbs when I was working at Fidelity Investments and bought a multi-family. The second was when we moved into our home in Newport, RI. Typically, when you rent big moving vans, it’s a big, big, deal. You’re leaving one life behind for a new one. It’s not like the flocks of snowbirds … [Read more...]
EV MARKET: It’s Getting Crowded in Here
New entrants are rushing into the EV space. The latest is Sony. The dash to sell EVs should tell EV investors something about the barriers to entry in the business and of the ultimate profitability in the industry. Based on the frothy share prices of EV firms, nobody appears to be listening to the message. Bloomberg's Takashi Mochizuki and Yuki Furukawa explain Sony's dive into EVs, reporting: Sony Group Corp. is exploring the commercial launch of its own electric vehicle, joining tech rivals like Xiaomi and Foxconn in a rush into the red-hot industry. Sony Chief Executive Officer … [Read more...]
Evergrande’s Situation Just Keeps Getting Worse
Troubled Chinese developer, Evergrande, has seen its fate go from bad to worse. News of its financial troubles has scared away potential customers, and now, local authorities are accusing the firm of illegal permitting activity and demanding it demolish thirty-nine buildings. Anniek Bao and Elaine Yu report for The Wall Street Journal: The crisis engulfing China Evergrande Group EGRNF -2.62% deepened, as the embattled property developer said it had been ordered to tear down dozens of buildings on an extravagant man-made island in southern China. At the same time, Evergrande released data … [Read more...]
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