I love the Wealthion market recaps. I watch early Sunday morning with my coffee, my pen and notepad and a very quiet house! Thanks for these thoughtful and very informative discussions.
Points made around the 22:00 mark concerning a specific 30 stock portfolio were excellent. Wealthion has interviews with some "meat" on them. Insightful!
One of the best weekend wrap up discussions you have both held! I actually watched it twice to absorb all of the good points. I especially agree with the excellent points about the Fed and how it has really destroyed investing in stocks with great fundamentals. I think John Bogle's ideas on indexing were pure genius when he developed them. Unfortunately, when everyone adopts a "one decision" investing methodology, it causes stocks to rise regardless of fundamentals. Monthly automatic inflow of funds, especially to the largest cap stocks in the S&P 500, has distorted the real value of major stocks. Add on Fed manipulation and interest rates at 5,000 year lows and we have a bubble. I think the market will rally to 4,400 and then down from there. I went back over the past 4 recessions and the average decline in S&P 500 earnings was (-52.8%), PE's also compress with higher interest rates. Assume a PE = 15 and $130 in S&P 500 earnings (15 x $130) = 1950 on the S&P 500 or lower. Thanks for a great discussion.
Great overview! I agree, the Fed has destroyed investing and replaced it with a casino. Nothing makes sense, fundamentals don't matter, trades are done on twitter comments, and Fed speak. I've long argued that not understanding fundamental economic theory while investing can make you poor, however, now (we) investors who are framing our strategy with knowledge and experience are at a disadvantage (short term). I've had to pivot to holding cash and placing bets via options to make some income....in my retirement! I'm fortunate enough to have the skill to do this successfully, but never imagined I would have to become a trader to ensure I have capital on the other side of this to put to work in a thoughtful portfolio. Very sad state we are in...
Recent rally related to portfolio manager career calculations. ETFs and 10 largest stocks. 42:30: March rate hike effect won't show up till Jan 2023. 46:15 As econ slows, growth should do better. 51:10: bond mkt betting on disinflation. 52:10: yield curve uninversion time to buy bonds, = time for real recession. 53:40: gold silver, respond to real yields, but mkt distortion. 53:25 gold = fear trade in recession. 57:00 No fundamentals to gold, trade based on technicals. 59:00 Joe Manchin bill
Huge respect for Lance. This is my first time really learning inflationary and deflationary markets and these wealthion podcasts help a ton. Will continue to be regular listener. Thanks Adam
I think Lance’s side note on the $10k car charger install is very misleading. I also had to add a 60amp breaker and my install was $300 USD. Yes it will be worse if they need add a new breaker box, but $10k ?! Also the payback math is flawed. I am a Tesla model 3 owner and it costs me 240Wh / mile or 2.4 cents /mile. That’s 1/5 to 1/6th of gas. So 300k miles break even (Lances swag) seems misleading. 300k miles * $0.16/mile (gas @ $5 gal @ 30mpg) and that’s $48k Vs my $7.2k in electricity.
I think Lance made a mistake, maybe if I'm wrong, he can clarify. When the Fed's Balance sheet increased, it was because of income receive (I've read). If they allowed $90B to mature and retired that money... but only wanted a net reduction of $80B, so bought $10B more, that would show a net reduction of $80B. Also, when they get paid off for maturing bonds (and don't buy more, retiring the money, reducing the money supply)... the government isn't paying that off, they're rolling it over, so they need to find buyers in the open market to absorb that. The Fed isn't buying, China is selling, Japan is selling... so with the top three buyers net sellers, that puts a HUGE amount of pressure on the rest of the market. I do think European buyers are there because their alternative is 'local negative yielding bonds', but how big is that market? Not big enough to absorb gigantic US deficits and a Fed reduction.
I agree on the data suggesting slowing growth. but why is then the long bond yield not crashing? ok, there is downwart pressure (yieldcurve) but still. i expect the yields to just go to zero across the curve...
You guys truly define the meaning of evergreen. Never get bored of your intellectual productive rants, especially when lance discusses his investments and technical/fundamental aspects of it. Please never cease to make Fridays full of wisdom again n again 🤜🏼🤛
The Fed has only tapered its balance sheet by $25 billion total over the last two months. I believe that they were suppose to be tapering $65 billion per month. Their balance sheet should be $100 billion lower based on their stated target.
Lance your comment about sound bite in the media sounds like an honest answer. I think the people in power do not want to convey and inconvenient truth.
“Markets are so terribly distorted by the Fed” I couldn’t agree more. It’s all about guessing the Fed’s next move and ETF index funds, fundamental analysis doesn’t matter much. As an ex-fundamental analyst and PM I couldn’t agree more - it’s mostly about momentum as well as boring and crowded speculative trades.
Adam says it best, "we are all forced to be speculators." How exactly does the FED help anything? Markets based on mass speculation does not seem to be a good way to efficiently allocate capital. I agree with Mike Greene that we should not be reliant on a cabal to set interest rates, the most important price in the whole global economy. The FED needs a good wing clipping.
Good weekend recap video this week. Adam, two great points "we are all speculators now" and "Why in the world would Biden say he thinks there will be no recession?"
Food inflation is skyrocketing for every staple food. Simple example: Can of Campbell soup 2020 was 92 cents, today $2.29. Every 2 weeks items are going up $1 on sub $10 items. Double digit food inflation. Even if CPI goes down, these new prices are very high and will test 'Elasticity of Demand'.
Exactly I appreciate wealthion even more hearing both of them surprised in their non partisan approach. But u hit the nail on the head. Theyve lost all credibility. They don't care anymore because they'll just gaslight. Who cares what we've said this is the new definition. Who cares what we've said ur wrong not us we're the victims. Who cares what we've said, we lost all credibility so we have nothing to lose. It's always some weird game with these people.
Great video guys, enjoyed it, esp the end re: politicians and playing the market. I worked for many years in a federal regulatory agency. Every year we all had to submit an attestation stating we had no stocks or interests in regulated industry, including spouses. One year they audited the Commissioner and found he was on the board of 5 medical device companies. and he was allowed to retire...no penalty...no....no nothing. The following year the commissioner of the Chinese FDA was accused of accepting a bribe and he was shot. Different worlds.
Guys, politicians (including Fed governors) are always going to make the positive statement that fits the scenario they want to see happen. While your point on Biden is correct, realistically why would you expect something different. Those statements should go in one ear and out the other.
Interesting, I always thought it was just my (large) employer that started layoffs almost a year after an economic downturn obviously started. lol. Perhaps, its actually common to need at least 6 to 9 months of internal planning before the first staff are off boarded.
See what I wrote in the comments last week. I said you have been talking down the stock market, the truth of the matter is nobody knows where the top or bottom is. Now you are playing with words like A Bottom, The Bottom, We May See a Short/Intermediate Bottom, May, Likely, Probably, etc. Anyone can use these words!
I disagree bearish sentiment is strong. People are still waiting to jump back in. Bearishness is when no one wants to jump back in. Also to note, alot of these rallies are low volume.
As a CPA who processes EV charging system credits, I have never seen a $10,000 cost to install a charging station. Most of the time they are in the $1500 to $2000 area.
I thought rates needed to be above inflation in order to bring it down?Real inflation is around 15% so rates would need to be above that surely.Also if the fed pivots and returns to quantitative easing inflation will go even higher!
Pascal's Wager is not intellectual honesty or authentic. it's also a poorly constructed argument. Furthermore, coercion is not free will, which the threat of damnation as a result of disbelief is in the absence of evidence.
Employment only looks strong if you look at the unemployment rate. The labor participation rate is 1.2% below pre-pandemic. That’s worth 2% in the unemployment rate. That’s a lot of “slack” in the labor market and one reason why unemployment has not moved up. The recession is hitting everyone in the pocket book through inflation so the pain is spread out as opposed to hitting a handful of people that have lost their job.
Your description of inflation does not account for dollar devaluation. Is it inflation or devaluation? The federal reserve doubled the money supply in two years versus 254 years of gradual increases. And that’s devaluation…it’s not going back if we look at it from that lens.
Perhaps, he had to upgrade his electrical box/wiring, especially if it was an old house. Neighbor's cost had about $2500 but that was several years ago, and he has two Teslas.
I agree, but Wall Street had and continues to have no problem with the profits they are seeing from speculation, buybacks, and massive constant trading.
Jokes on Lance - his prediction of 4150 within the next couple weeks... already hit 4130 by Fridays close, not even 48h later. Nobody in this market got time for a multi week squeeze, we do it all at once! Best July for the S&P500 since 1932 or something like that. Multiple 75 bps rate hikes are dovish and recessions are bullish now, get with the program! Bad news are good news, good news... also good news. Earnings miss but could be worse? Bullish. Earnings beat, bullish or course. Everything's bullish, no questions asked. Almost like back in 2021. What could possibly go wrong?
At 39:18 in the interview: Pascal's Wager Then at at 43:40 : "The consumer just cares how they feel. The guy running the ship/captain lied...." Everybody knows that the boat is leaking Everybody knows that the captain lied Everybody got this broken feeling Like their father or their dog just died - Cohen
Great analysis as usual! But...either Lance needs to fix his studio lighting or...he needs to stay out of thr Texas sun lol ....says the brown guy in Florida ;) lol
I appreciate the weekly review but if you ever read my comments you know a note of disagreement is coming. Have you been to car dealerships lately? I have a friend that ordered an EV, and he expects to receive it in 12 months. Their inventory is down around 90%. So the drop in car sales is not demand destruction. It’s a supply shortage. I bought a car in May of last year. This June I sold it back to the dealership for $2000 more (taxes excluded). Some facts you can verify locally I’m sure. Again, not a sign of demand destruction. Sorry…
Lance talking out of his ass… Tesla charger only require a 60amp breaker ! Which if you have a dryer in you garage you already have 240v 70amps … and if you don’t , upgrading your panel which I did 3 yrs ago (50’s panel was burning) was only $2k …
Could we be entering the complacency phase of a market crash?! Is the FED really done with raising interest rates ? Will inflation hit instantly , with no lag ? 🤔 The ULTIMATE SPECULATION & only time will tell .
I think money will be worthless and hence are spending . Recently my daughter bought a 1000$ ROBOT to clean my one bedroom house. I am wondering weather I can afford elec bills to use it.
I love the Wealthion market recaps. I watch early Sunday morning with my coffee, my pen and notepad and a very quiet house! Thanks for these thoughtful and very informative discussions.
Ive notice for a while that almost all comments in the Wealthion comment section are (very) positive. The quality of this channel is simply fantastic.
I appreciate your weekly podcast, guys. Thanks for posting.
I nominate Lance Roberts to The Hall of Fame of Financial Experts!
Saturday chat with Adam and Lance is the best part of every weekend
Your life must suck
💯
Boring and no value,added blah blah blah
Oh yeah.
And Sunday night charts with the bond king…. And the macro trading floor trade show.
And j bravo
Thank you, Adam and Lance. This session is a gem.
Another solid interview with Adam and Lance.
Points made around the 22:00 mark concerning a specific 30 stock portfolio were excellent. Wealthion has interviews with some "meat" on them. Insightful!
I used to think these weekly videos were great. I was wrong. THEY ARE FANTASTIC!!! Keep it up guys.
One of the best weekend wrap up discussions you have both held! I actually watched it twice to absorb all of the good points. I especially agree with the excellent points about the Fed and how it has really destroyed investing in stocks with great fundamentals. I think John Bogle's ideas on indexing were pure genius when he developed them. Unfortunately, when everyone adopts a "one decision" investing methodology, it causes stocks to rise regardless of fundamentals. Monthly automatic inflow of funds, especially to the largest cap stocks in the S&P 500, has distorted the real value of major stocks. Add on Fed manipulation and interest rates at 5,000 year lows and we have a bubble. I think the market will rally to 4,400 and then down from there. I went back over the past 4 recessions and the average decline in S&P 500 earnings was (-52.8%), PE's also compress with higher interest rates. Assume a PE = 15 and $130 in S&P 500 earnings (15 x $130) = 1950 on the S&P 500 or lower. Thanks for a great discussion.
THE BEST AND MORE USEFUL investment show on youtube.. Thanks Adam & Lance
So much value in each and every interview and the weekly roundups. Glad that got to know Wealthion from George Gammon.
Great overview! I agree, the Fed has destroyed investing and replaced it with a casino. Nothing makes sense, fundamentals don't matter, trades are done on twitter comments, and Fed speak. I've long argued that not understanding fundamental economic theory while investing can make you poor, however, now (we) investors who are framing our strategy with knowledge and experience are at a disadvantage (short term). I've had to pivot to holding cash and placing bets via options to make some income....in my retirement! I'm fortunate enough to have the skill to do this successfully, but never imagined I would have to become a trader to ensure I have capital on the other side of this to put to work in a thoughtful portfolio. Very sad state we are in...
Lance and Rick the ruler are my fav guests because of the density of information they divulge in a short time. Adam is cool too. I love this channel.
Thanks Adam and Lance for another great punch interview ⚘️
Thank you, thank you thank you!!!
Love the weekly catch up!!
These weekly videos are excellent, thanks to both of you.
Thanks mate
I didn't know Adam and Lance were running for president. Quite the campaign speech in this recap.
Well I never thought I'd get to brush up on Pascal's Wager from listening to Wealthion😀39:20
Thank you! Great session. Liked and subscribed! 👌👍
Always a great show Guys!
Thanks
Nice interview with Lance, as always. You should interview Dr. Kirk Elliott, Adam
@Adam : Which central bank amongst the Top 20 economies has been LEAST wrong?
Recent rally related to portfolio manager career calculations. ETFs and 10 largest stocks. 42:30: March rate hike effect won't show up till Jan 2023. 46:15 As econ slows, growth should do better. 51:10: bond mkt betting on disinflation. 52:10: yield curve uninversion time to buy bonds, = time for real recession. 53:40: gold silver, respond to real yields, but mkt distortion. 53:25 gold = fear trade in recession. 57:00 No fundamentals to gold, trade based on technicals. 59:00 Joe Manchin bill
Still watching Frank G Melbourne Australia 🇦🇺 ❤️
Thanks once again Guys!!
One thing I've learned since becoming interested in finance is to use my credit card for everything and pay it off before the end of the month.
Great stuff guys.
Always look forward to this.
Love Lance's positive attitude. And all the great information.
And Great questions Adam. ,👌👍
Huge respect for Lance. This is my first time really learning inflationary and deflationary markets and these wealthion podcasts help a ton. Will continue to be regular listener. Thanks Adam
I think Lance’s side note on the $10k car charger install is very misleading. I also had to add a 60amp breaker and my install was $300 USD. Yes it will be worse if they need add a new breaker box, but $10k ?! Also the payback math is flawed. I am a Tesla model 3 owner and it costs me 240Wh / mile or 2.4 cents /mile. That’s 1/5 to 1/6th of gas. So 300k miles break even (Lances swag) seems misleading. 300k miles * $0.16/mile (gas @ $5 gal @ 30mpg) and that’s $48k Vs my $7.2k in electricity.
Great content as always!
Nice reference to Paschals Wager.
I am with Lance. I hate being so heavy in cash, but I just have a bad feeling. Great conversation guys.
I think Lance made a mistake, maybe if I'm wrong, he can clarify. When the Fed's Balance sheet increased, it was because of income receive (I've read). If they allowed $90B to mature and retired that money... but only wanted a net reduction of $80B, so bought $10B more, that would show a net reduction of $80B. Also, when they get paid off for maturing bonds (and don't buy more, retiring the money, reducing the money supply)... the government isn't paying that off, they're rolling it over, so they need to find buyers in the open market to absorb that. The Fed isn't buying, China is selling, Japan is selling... so with the top three buyers net sellers, that puts a HUGE amount of pressure on the rest of the market. I do think European buyers are there because their alternative is 'local negative yielding bonds', but how big is that market? Not big enough to absorb gigantic US deficits and a Fed reduction.
I agree on the data suggesting slowing growth. but why is then the long bond yield not crashing? ok, there is downwart pressure (yieldcurve) but still. i expect the yields to just go to zero across the curve...
Takes time
You guys truly define the meaning of evergreen. Never get bored of your intellectual productive rants, especially when lance discusses his investments and technical/fundamental aspects of it. Please never cease to make Fridays full of wisdom again n again 🤜🏼🤛
it cell member ?
We are 20 points away from s & p 4150. .5% rally on Monday and we're there.
Watching from costa rica….but i live in Guatemala as a retiree. and it is fun in central america…
Glad to see you both again. Thanksguys
All very useful information and as close as the truth and reality as one can get in the current environment.
The problem with Pascal's wager is that if you believe in the wrong God (as if you can just choose to believe), you still go to some variant of hell.
Question should be who will lose. MIDDLE CLASS.
“Alright Two things… there are Three or Four things in there” 🤣😛
The Fed has only tapered its balance sheet by $25 billion total over the last two months. I believe that they were suppose to be tapering $65 billion per month. Their balance sheet should be $100 billion lower based on their stated target.
Check FRED. They are not really tapering, yet.
Lance your comment about sound bite in the media sounds like an honest answer. I think the people in power do not want to convey and inconvenient truth.
These wrap-ups are invaluable...
“Markets are so terribly distorted by the Fed” I couldn’t agree more. It’s all about guessing the Fed’s next move and ETF index funds, fundamental analysis doesn’t matter much.
As an ex-fundamental analyst and PM I couldn’t agree more - it’s mostly about momentum as well as boring and crowded speculative trades.
When the President appoints the head of the FED, there is a very strong Government and FED connection!
Some of the most significant bear market rallies preceded the greatest crashes
Buy POWW stock Monday. Semper Fi Bros!
You guys are at your best during the self declared rant segments. More cowbell/more rants please. 🙂
Adam says it best, "we are all forced to be speculators." How exactly does the FED help anything? Markets based on mass speculation does not seem to be a good way to efficiently allocate capital. I agree with Mike Greene that we should not be reliant on a cabal to set interest rates, the most important price in the whole global economy. The FED needs a good wing clipping.
The fed need to be destroy
HaardddlvavaoosadDgDZD dvg
BBC from
8% car sale drop, what is the part of demand destruction and what is the part of chip shortage and supply chain perturbation?
Good weekend recap video this week. Adam, two great points "we are all speculators now" and "Why in the world would Biden say he thinks there will be no recession?"
Adam we need to hear from Felix Zulauf again, for updated views
Food inflation is skyrocketing for every staple food. Simple example: Can of Campbell soup 2020 was 92 cents, today $2.29. Every 2 weeks items are going up $1 on sub $10 items. Double digit food inflation. Even if CPI goes down, these new prices are very high and will test 'Elasticity of Demand'.
I think many analysts would love to get ahold of Walmart's deep database for past trends and future forecasting models.
@@darwinjina The Campbell Soup graph under Google image has been used for years as common measure of Inflation. I can of soup.
Can of soup index, gotta love it haha
@@johnmerlino7011 yea, reminds me of the Big Mac cost used on the international comparisons.
He doesn't have to worry about being wrong because they will never admit a recession. They will simply change the definition again.
Exactly
I appreciate wealthion even more hearing both of them surprised in their non partisan approach. But u hit the nail on the head. Theyve lost all credibility. They don't care anymore because they'll just gaslight. Who cares what we've said this is the new definition. Who cares what we've said ur wrong not us we're the victims. Who cares what we've said, we lost all credibility so we have nothing to lose. It's always some weird game with these people.
No Pascal citation?
Great video guys, enjoyed it, esp the end re: politicians and playing the market. I worked for many years in a federal regulatory agency. Every year we all had to submit an attestation stating we had no stocks or interests in regulated industry, including spouses. One year they audited the Commissioner and found he was on the board of 5 medical device companies. and he was allowed to retire...no penalty...no....no nothing. The following year the commissioner of the Chinese FDA was accused of accepting a bribe and he was shot. Different worlds.
Lance the man
Thank you, Adam and Lance, for such a jam-packed informative Video again.
Gold and silver juniors 🚀
Guys, politicians (including Fed governors) are always going to make the positive statement that fits the scenario they want to see happen. While your point on Biden is correct, realistically why would you expect something different. Those statements should go in one ear and out the other.
Interesting, I always thought it was just my (large) employer that started layoffs almost a year after an economic downturn obviously started. lol. Perhaps, its actually common to need at least 6 to 9 months of internal planning before the first staff are off boarded.
Teşekkürler.
See what I wrote in the comments last week. I said you have been talking down the stock market, the truth of the matter is nobody knows where the top or bottom is. Now you are playing with words like A Bottom, The Bottom, We May See a Short/Intermediate Bottom, May, Likely, Probably, etc. Anyone can use these words!
Great insights!
Whenever Lance’s house move is talked about I always think, “I hope the person who bought it doesn’t watch Wealthion” 🫣
I disagree bearish sentiment is strong. People are still waiting to jump back in. Bearishness is when no one wants to jump back in. Also to note, alot of these rallies are low volume.
As a CPA who processes EV charging system credits, I have never seen a $10,000 cost to install a charging station. Most of the time they are in the $1500 to $2000 area.
And the battery is good for life
The Faustian bargain, applied to the Resident.
My Dad told me 3 moves = a FIRE!!
Maybe add gas station energy rent to the cost of the ICE vehicle
I thought rates needed to be above inflation in order to bring it down?Real inflation is around 15% so rates would need to be above that surely.Also if the fed pivots and returns to quantitative easing inflation will go even higher!
The price of gold is up 400% the past 20 yrs, sandp is up 174%
And how much is gold up the last 40 years?
Pascal's Wager is not intellectual honesty or authentic. it's also a poorly constructed argument. Furthermore, coercion is not free will, which the threat of damnation as a result of disbelief is in the absence of evidence.
Employment only looks strong if you look at the unemployment rate. The labor participation rate is 1.2% below pre-pandemic. That’s worth 2% in the unemployment rate. That’s a lot of “slack” in the labor market and one reason why unemployment has not moved up.
The recession is hitting everyone in the pocket book through inflation so the pain is spread out as opposed to hitting a handful of people that have lost their job.
Only reason we are gaining more jobs is because people are getting their hours cut and have to get multiple jobs now
It costed me 1500$ to install my car charger and the government paid the half
Your description of inflation does not account for dollar devaluation. Is it inflation or devaluation? The federal reserve doubled the money supply in two years versus 254 years of gradual increases. And that’s devaluation…it’s not going back if we look at it from that lens.
$10k to install a ev plug at my house? I had it done for $500. I’m suddenly questioning the rest of what this guy said. 🙄
Followed by a number other of additional uninformed statements about evs. (Battery replacement, etc) Please do more research on this topic.
Perhaps, he had to upgrade his electrical box/wiring, especially if it was an old house. Neighbor's cost had about $2500 but that was several years ago, and he has two Teslas.
One of the best YT channel, I am completely shocked why they dont have 1m subs, may be Elon needs to tweet abt it
Thanks! I’d love it if Elon did!!
Why would my comment about FRED and the Fed not tapering be deleted?
Where did you post that comment?
I deleted your comment. Sorry. My bad.
@@massonh7476
Here.
@@amgis5218
You wish.
Thank you Lance for accurately describing the stock market, The FED has hijacked the market.
I agree, but Wall Street had and continues to have no problem with the profits they are seeing from speculation, buybacks, and massive constant trading.
@@alfredepding974 Good observation. I see the connection. Do you?
@@caroledoerr6872; Absolutely.
Jokes on Lance - his prediction of 4150 within the next couple weeks... already hit 4130 by Fridays close, not even 48h later. Nobody in this market got time for a multi week squeeze, we do it all at once! Best July for the S&P500 since 1932 or something like that. Multiple 75 bps rate hikes are dovish and recessions are bullish now, get with the program! Bad news are good news, good news... also good news. Earnings miss but could be worse? Bullish. Earnings beat, bullish or course. Everything's bullish, no questions asked. Almost like back in 2021. What could possibly go wrong?
If your service is less than 30 years old you shouldn't need a service upgrade
At 39:18 in the interview: Pascal's Wager
Then at at 43:40 : "The consumer just cares how they feel. The guy running the ship/captain lied...."
Everybody knows that the boat is leaking
Everybody knows that the captain lied
Everybody got this broken feeling
Like their father or their dog just died - Cohen
Inflation is the expansion of the money supply and demand out weighing supply.
Inflation is purely the increase in the money supply. Higher prices may result out of that. Velocity, supply and demand play a role.
Why did jpow take the job again makes no sense
Pascal's wager~
IF DOLLAR BACKED BY GOLD IS THERE A SCENARIO THAT BITCOIN WILL SOAR. ANY IDEAS OUT THERE. BITCOIN NOW WOULD HAVE VALU.
You just have to love the fake bench marks that allow money managers to lose their clients money and feel good about it !
Great analysis as usual! But...either Lance needs to fix his studio lighting or...he needs to stay out of thr Texas sun lol
....says the brown guy in Florida ;) lol
I always wait every weekend for Lance Roberts weekly review interviews and his analysis is always excellent,spot on and very realistic.Keep up
I appreciate the weekly review but if you ever read my comments you know a note of disagreement is coming. Have you been to car dealerships lately? I have a friend that ordered an EV, and he expects to receive it in 12 months. Their inventory is down around 90%. So the drop in car sales is not demand destruction. It’s a supply shortage. I bought a car in May of last year. This June I sold it back to the dealership for $2000 more (taxes excluded). Some facts you can verify locally I’m sure. Again, not a sign of demand destruction. Sorry…
Lance talking out of his ass… Tesla charger only require a 60amp breaker ! Which if you have a dryer in you garage you already have 240v 70amps … and if you don’t , upgrading your panel which I did 3 yrs ago (50’s panel was burning) was only $2k …
Could we be entering the complacency phase of a market crash?! Is the FED really done with raising interest rates ? Will inflation hit instantly , with no lag ? 🤔 The ULTIMATE SPECULATION & only time will tell .
I think money will be worthless and hence are spending . Recently my daughter bought a 1000$ ROBOT to clean my one bedroom house. I am wondering weather I can afford elec bills to use it.