I think it makes sense Jim, this is a macro "buy the dip" where the employment market is a bellwether for the fed to provide liquidity to help reshuffle the cards to a more efficient arrangement. Investing more dollars in US companies at that point makes sense because in the future they will be able to create more value. It's first principles! You aren't betting against the country, you are betting that our bureaucrats will facilitate the creation of new value in the future.
This Economy Thing is simple, just look at the “Starbucks Meter” to see that it's cooling off for Mainstreet. People are liquidating their shares, even on good news, so they can spend, but the Fed can't cut cause the spending. But if the spending is reduced, companies won't meet earnings. Cluster Funk!
But there is another way. Jim to bring down inflation without slowing industry that employs people and that is to shift taxation from corporations, capital gains and payrolls over to real property. A tax on land can shrink the M2 money supply without slowing employment, 😊😊
The sticky inflation is NOT due to wages increasing. The Fed is so clueless about this. It is due to Housing prices and rents staying stubbornly high and the flow through to the wider economy that results. For example, when housing prices are increasing, then home insurance premiums also must increase. The slight increase people are getting in their wages is more than offset by increased costs for all these other items.
When you read about the layoffs at Apple's largest factory in Vietnam and the problems at its new factory in India, you realize that Apple's status as the top company is in jeopardy.
💯 James! Very intelligent man.
Jim what do you think investing in Gitlab?
I think it makes sense Jim, this is a macro "buy the dip" where the employment market is a bellwether for the fed to provide liquidity to help reshuffle the cards to a more efficient arrangement. Investing more dollars in US companies at that point makes sense because in the future they will be able to create more value. It's first principles! You aren't betting against the country, you are betting that our bureaucrats will facilitate the creation of new value in the future.
This Economy Thing is simple, just look at the “Starbucks Meter” to see that it's cooling off for Mainstreet. People are liquidating their shares, even on good news, so they can spend, but the Fed can't cut cause the spending. But if the spending is reduced, companies won't meet earnings. Cluster Funk!
But there is another way. Jim to bring down inflation without slowing industry that employs people and that is to shift taxation from corporations, capital gains and payrolls over to real property. A tax on land can shrink the M2 money supply without slowing employment, 😊😊
The sticky inflation is NOT due to wages increasing. The Fed is so clueless about this. It is due to Housing prices and rents staying stubbornly high and the flow through to the wider economy that results. For example, when housing prices are increasing, then home insurance premiums also must increase. The slight increase people are getting in their wages is more than offset by increased costs for all these other items.
Jim:
Hates Tesla
Also Jim:
I expect Apple to go 160
Also Jim:
Own it don’t trade it
It’s complicated
When you read about the layoffs at Apple's largest factory in Vietnam and the problems at its new factory in India, you realize that Apple's status as the top company is in jeopardy.