The Leyendecker View Blog
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» The Leyendecker View: China Warns the World
- April
- 12
- 2021
The Leyendecker View: April 9, 2021
I do wonder at this point, Bitcoin should also be thought (of)
in part a Chinese financial weapon against the U.S.
- Peter Thiel at virtual roundtable
THE ECONOMIC VIEW
The Fed is not concerned about inflation
Accommodative policy here for a good while.
“This boom could easily run into 2023”
Suggests JPM’s Jamie Dimon.
Here’s his annual letter to shareholders
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» The Leyendecker View: Capitalism Is Dead
- April
- 02
- 2021
The Leyendecker View: April 2, 2021
Frugality is the mother of all virtues.
- Justinian I
THE ECONOMIC VIEW
US manufacturing index at 37-year high
Woohoo!
US home prices soared in January
Home price rise fastest in 15 years
Inflation is already here!!!
Yet higher rates shutting down refi market
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» The Leyendecker View: The New Tax Increase is Already Here
- March
- 29
- 2021
The Leyendecker View: March 26, 2021
Culture eats strategy for breakfast.
- Peter Drucker
THE ECONOMIC VIEW
The new tax increase is already here
Gasoline prices are up 37% from last March.
New home sales plummet 18.2%
Cold weather, saturated market, higher interest rates?
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» The Leyendecker View: Here Comes the SPAC Attack
- March
- 19
- 2021
The Leyendecker View: March 19, 2021
I’m very optimistic about economic prospects for the next year or two. Beyond that, however, we’re going to need another big policy initiative to keep the good times rolling.
- Paul Krugman in a March 8 NYT piece
THE ECONOMIC VIEW
Fed expects 6.5% GDP growth this year
Gonna be interesting to see how this plays out.
Housing starts and building permits fall
Winter weather or peaked-out market?
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» The Leyendecker View: Google Takes on Colleges
- March
- 12
- 2021
The Leyendecker View: March 12, 2021
We estimate 25 percent of colleges could go out of business in the next few years.
- Dan Rosensweig
THE ECONOMIC VIEW
Mortgage applications drop
Refinancing demand falls, too
Refinancing recently hit peak
Housing, a big economic engine, may be stalling.
US set to power global economy
Cause we’re stimulating more than even China.
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» The Leyendecker View: Private Equity Faces a New Challenge
- March
- 10
- 2021
The Leyendecker View: March 5, 2021
There has been no incubator
for unleashing human potential like America.
- Warren Buffett
THE ECONOMIC VIEW
US business optimism grows
Light at the end of the tunnel?
US manufacturing jumps to 3-yr high
Orders surging. A catch up from lockdowns?
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» The Leyendecker View: AI Knows Nothing About Investing
- February
- 26
- 2021
The Leyendecker View: February 26, 2021
All of humanity’s problems stem from man’s inability
to sit quietly in a room alone.
- Blaise Pascal, Pensées, 1670
THE ECONOMIC VIEW
Factories can’t keep up
Fueled by stimulus checks
So companies are investing
And farmers are ramping up big time
US household debt hits record high
All the new mortgages push debt up.
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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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