The Leyendecker View Blog
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» The Leyendecker View: Goldman Launches Robo Advisor
- February
- 19
- 2021
The Leyendecker View: February 12, 2021
They may be changing the world, but that doesn't mean they run it.
- Scott Morrison, Australian PM, on tech companies
THE ECONOMIC VIEW
Yellen makes push for tsunami stimulus
It’s only Monopoly money, right?
Retail sales rose measurably in January
And we have more stimulus coming.
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» The Leyendecker View: World’s Highest-Earning Hedge Fund Managers
- February
- 12
- 2021
The Leyendecker View: February 12, 2021
The truly unique power of a central bank, after all, is the power to create money,
and ultimately the power to create is the power to destroy.
- Paul Volcker
THE ECONOMIC VIEW
Stimulus to restore full employment by 2022
Careful with your predictions, Janet Yellen.
CBO projects $2.3T 2021 budget deficit
That’s before the $1.9 proposed stimulus package.
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» The Leyendecker View: Commodities Prices Set to Boom
- February
- 05
- 2021
The Leyendecker View: February 5, 2021
We are not a product of what has happened to us in the past.
We have the power of choice.
- Stephen Covey
THE ECONOMIC VIEW
Biden will not settle
He’s determined to bring out the stimulus canons.
Even as CBO projects 4.6% growth in ’21
And the Senate passed the $1.9T bill
The risk of too much stimulus
It doesn’t address fundamental economic problems.
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» The Leyendecker View: The GameStop War is Raging
- January
- 29
- 2021
The Leyendecker View: January 29, 2021
If you want to do a good deed, do it now.
The time will pass, and you will not have the chance again.
- Leo Tolstoy in A Calendar of Wisdom
THE ECONOMIC VIEW
Metro home prices rise in every market
As existing-home sales hit 14-year record
While apartment owners face a rent squeeze
States are lifting restrictions
California lifts stay-at-home orders
Let’s hope mutant strains don’t show up.
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» The Leyendecker View: Visualizing 150 Years of US Labor
- January
- 22
- 2021
The Leyendecker View: January 22, 2021
The fact is, being ordinary is very important to me…It’s really quite rational, my ordinariness. It is actually my answer to the question, ‘What is the best way to be?’ I think ordinary.
- Paul McCartney
THE ECONOMIC VIEW
Janet Yellen is in charge
Of rebuilding the US economy.
The boiling frog situation
With property taxes.
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» The Leyendecker View: PE Grabs the Cash
- January
- 15
- 2021
The Leyendecker View: January 15, 2021
A lie doesn’t become the truth, wrong doesn’t become right,
and evil doesn’t become good just because it’s accepted by a majority.
- Booker T. Washington
SOMETHING NEW…FOR YOUR MEMORY
According to my calculation from the Bureau of Labor Statistics data, in January of 1980 we had 2.64 service-providing jobs for every goods-producing job. In 1990, we had 3.61 service-providing jobs for every goods-producing job. And just prior to the pandemic lockdowns, we had 6.16 service-providing jobs for every goods-producing job. According to the Federal Reserve Bank of St. Louis, in 1980 total public debt as a percent of GDP equaled about 31%. Today, total public debt as a percent of GDP is about 125% and growing rapidly. The US now has a debt level that rivals that of Italy’s.
So, how is the transition from a goods-producing to a service-providing economy working out in this country? Goodie good? Whatcha think?
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» The Leyendecker View: China Has a $15T Problem
- January
- 08
- 2021
The Leyendecker View: January 8, 2021
Seems to me there need only be one New Year’s Resolution –
keep getting better at everything we do.
- Doug Leyendecker
THE ECONOMIC VIEW
US manufacturing output is back
Reaches pre-pandemic levels.
Consumer confidence slumps
Wait a minute, but we got a vaccine!!!
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» The Leyendecker View: Buffett Speaks, Will People Listen?
- December
- 18
- 2020
The Leyendecker View: December 18, 2020
In the beginner's mind there are many possibilities,
in the expert's mind there are few.
- Shunryu Suzuki
THE ECONOMIC VIEW
It’s an “economic war”
Buffett speaks, but will people listen?
Fed will keep buying bonds
Until…
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» The Leyendecker View: Software Ate the World
- December
- 11
- 2020
The Leyendecker View: December 11, 2020
'Maximize shareholders wealth’ is a simple theoretical way of looking at a business, but it’s not supported by the reality of many great companies…For them, profit is simply a strategic necessity rather than the supreme end point.
- Jim Collins in Good to Great
THE ECONOMIC VIEW
Why the US economy will take off in 2021
Bring it on!!!
Homeowners are $1Trillion richer
While renters could owe $70B
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» The Leyendecker View: Pace of US Recovery Picking Up
- December
- 04
- 2020
The Leyendecker View: December 4, 2020
Nothing other people do is because of you. It is because of themselves. All people live in their own dream, in their own mind; they are in a completely different world from the one we live in. When we take something personally, we make the assumption that they know what is in our world, and we try to impose our world on their world.
- Don Miguel Ruiz in The Four Agreements
THE ECONOMIC VIEW
Fed says pace of US recovery picking up
While virus surges. Hmmm…
And here comes more stimulus
But has the Fed mucked it up?
Their policies aren’t helping Main Street.
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» The Leyendecker View: China Embracing Crypto
- November
- 27
- 2020
The Leyendecker View: November 27, 2020
Thankfulness is the quickest path to joy.
- Jefferson Bethke
THE ECONOMIC VIEW
Millions set to lose unemployment benefits
Is necessity really the mother of invention?
Consumer outlook dims
Virus rates scare more folks.
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» The Leyendecker View: Global Debt to Hit Record $277 TRILLION!
- November
- 20
- 2020
The Leyendecker View: November 20, 2020
The noblest art is that of making others happy.
- P.T. Barnum
THE ECONOMIC VIEW
Citi predicts dollar with fall 20% in 2021
Who wins when the dollar falls?
WE NEED MORE MONEY
So, say the states.
Read More »