Interesting, Things are getting better and some folks are getting called back to work. Unfortunately it seems that in addition to some very big winners there are a lot of losers. small enough that even the large quantity does not afflict the bright average.
It is easy to blame it all on the pandemic disrupting things, but it is also rather incorrect. The federal bank has been pushing in the wrong direction for quite a while, as evidenced by the incredibly low interest rates paid on savings. So we can see that the 1% group certainly does have friends in high places.
It does not look good for most folks, the people that inflation hurts. And the big banks keep pressing on to gain a short term profit. The really bad news, so very long ignored and denied, is that eventually the borrowed wealth must be repaid. Debt very seldom vanishes on it's own. And why is it so hard to understand that increasing the supply of money dilutes it's purchasing power? Probably not today, but certainly next week.
But somehow the fed has it in its mind to do what benefits their friends, even at the expense of horribly damaging the majority of the population. They need to understand that misery is what fuels revolutions.
But perhaps the future will be rescued and the situation will be fine and inflation will not eat up all of our savings in a single week, and the economies will be stable.
I am thinking that most of the jobs being filled are not new jobs, but ones that were stopped for the closing shutdown of everything mandate. So it indicates a bit of recovery, which is good, but it does not indicate growth.
AfterPay seems like Quite an interesting development, and what benefit over credit cards is not obvious to me. What I see is some "wannabee" loan sharking with a new twist. And certainly the present players with large assets and existing positions will choose to compete, and they will not have the need to be highly profitable as rapidly as the startup. So it will be an interesting gunfight to watch. From a safe distance.
Certainly very interesting, but a few things are missing. First, the CEO's main job responsibility is dispensing Sunshine, and Mister Musk is well past Master in that area. Next is the presumption that massive inflation is not going to disrupt the world economy beyond what any can imagine, at least for the USA. There is also a presumption that folks will want these electric vehicles enough to purchase them, and that adequate amounts of power will be available in the right places to charge them. And the one final presumption is that no nasty revolution someplace will vastly reduce the availability of one of the key rare elements needed for either the batteries or the magnets in those motors.
And the one final presumption is that this nasty virus plague spreading around will not decimate the population so that the demand for cars will not support the production.
The post should have been in a text format so that it could be better grasped and taken into one's head.
Never ask how much worse a situation could get unless you wish to find out first hand. And never ever believe that things can't get any worse because there is no limit at the low end. And for the stock market, that ONLY gets bad for those who have invested, a fairly small portion of the population that is wealthy enough to be able to afford to invest.
My concern about how bad things are already set to become is based on the amount of money already to drive inflation, and the huge mountain of debt that producing that mountain saddled the nation with. To repeat an old expression of mine, " that is not the light at the end of the tunnel, it is a fast freight headed our way."
Certainly the portfolio looks like a collection of winners. But I have heard that "past performance is no promise of future performance." And yet folks tend to avoid those that are consistently poor performers.
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US Stock Market Weekly Review Aug. 31- Sept. 4, 2020
Interesting, Things are getting better and some folks are getting called back to work. Unfortunately it seems that in addition to some very big winners there are a lot of losers. small enough that even the large quantity does not afflict the bright average.
It is easy to blame it all on the pandemic disrupting things, but it is also rather incorrect. The federal bank has been pushing in the wrong direction for quite a while, as evidenced by the incredibly low interest rates paid on savings. So we can see that the 1% group certainly does have friends in high places.
The Race Is Afoot? Over To The ECB
It does not look good for most folks, the people that inflation hurts. And the big banks keep pressing on to gain a short term profit. The really bad news, so very long ignored and denied, is that eventually the borrowed wealth must be repaid. Debt very seldom vanishes on it's own. And why is it so hard to understand that increasing the supply of money dilutes it's purchasing power? Probably not today, but certainly next week.
But somehow the fed has it in its mind to do what benefits their friends, even at the expense of horribly damaging the majority of the population. They need to understand that misery is what fuels revolutions.
But perhaps the future will be rescued and the situation will be fine and inflation will not eat up all of our savings in a single week, and the economies will be stable.
I would be glad to have been wrong.
FX: Drop In US Unemployment Rate Sparks Mild Optimism
I am thinking that most of the jobs being filled are not new jobs, but ones that were stopped for the closing shutdown of everything mandate. So it indicates a bit of recovery, which is good, but it does not indicate growth.
Fintech Payment Pioneers Face War On Two Fronts
AfterPay seems like Quite an interesting development, and what benefit over credit cards is not obvious to me. What I see is some "wannabee" loan sharking with a new twist. And certainly the present players with large assets and existing positions will choose to compete, and they will not have the need to be highly profitable as rapidly as the startup. So it will be an interesting gunfight to watch. From a safe distance.
Tesla's Estimated CAGR Of 50% For The Upcoming 5 Years: Fairy Tale Or Plausible?
Certainly very interesting, but a few things are missing. First, the CEO's main job responsibility is dispensing Sunshine, and Mister Musk is well past Master in that area. Next is the presumption that massive inflation is not going to disrupt the world economy beyond what any can imagine, at least for the USA. There is also a presumption that folks will want these electric vehicles enough to purchase them, and that adequate amounts of power will be available in the right places to charge them. And the one final presumption is that no nasty revolution someplace will vastly reduce the availability of one of the key rare elements needed for either the batteries or the magnets in those motors.
And the one final presumption is that this nasty virus plague spreading around will not decimate the population so that the demand for cars will not support the production.
DocuSign Crushes: Buying Opportunity
An Interesting AND educational post. Thanks for sharing it.
Stocks: How Bad And How Much Worse Could It Get?
The post should have been in a text format so that it could be better grasped and taken into one's head.
Never ask how much worse a situation could get unless you wish to find out first hand. And never ever believe that things can't get any worse because there is no limit at the low end. And for the stock market, that ONLY gets bad for those who have invested, a fairly small portion of the population that is wealthy enough to be able to afford to invest.
My concern about how bad things are already set to become is based on the amount of money already to drive inflation, and the huge mountain of debt that producing that mountain saddled the nation with. To repeat an old expression of mine, " that is not the light at the end of the tunnel, it is a fast freight headed our way."
Daily Stock Pick: Polyus PJSC
Certainly the portfolio looks like a collection of winners. But I have heard that "past performance is no promise of future performance." And yet folks tend to avoid those that are consistently poor performers.
Wednesday Market Review
Quite an interesting summary!
Tesla Hits The Brakes After Mammoth Rally
If the national debt, as created by the present set of policies and actions, rises above the GNP, THEN WHAT????