The Leyendecker View Blog
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» The Leyendecker View: America, Still Land of Opportunity
- July
- 23
- 2021
The Leyendecker View: July 23, 2021
The Chinese people will never allow any foreign force to bully, oppress, or enslave us. Anyone who tries to do so shall be battered and bloodied from colliding with a great wall of steel, forged by more than 1.4 billion Chinese people using flesh and blood.
- Xi Jinping, at 100 year Communist anniversary
THE ECONOMIC VIEW
US consumer sentiment dropping
Inflation and/or the end of free money?
Yet small business optimism is rising
Index highest since November.
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» The Leyendecker View: Dissecting Current Inflation
- July
- 16
- 2021
The Leyendecker View: July 16, 2021
There is a strong correlation between shorter working
hours and increased productivity amongst wealthy nations.
- Guðmundur D. Haraldsson and Jack Kellam
THE ECONOMIC VIEW
China warns about uneven economic recovery
As China goes, so goes...
World Bank trims future Asia growth
The pandemic isn’t over.
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» The Leyendecker View: Inflation is Coming
- July
- 09
- 2021
The Leyendecker View: July 9, 2021
If our solution is entirely just to get a green world, we’re going to have much higher
inflation, because we do not have the technology to do all this yet.
- Larry Fink, BlackRock CEO
THE ECONOMIC VIEW
All commercial bank loans chart
Total public debt chart
Public debt to GDP
Check out Fed’s balance sheet explosion
Draw your own conclusions.
Non-mortgage consumer debt surged in May
Consumption with debt growing
If household savings are so high, why borrow?
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» The Leyendecker View: Lumber Prices Are Collapsing
- July
- 08
- 2021
The Leyendecker View: July 2, 2021
The essence of America, that which really unites us, is not ethnicity or nationality or religion. It is an idea, and what an idea it is—that you can come from humble circumstances and do great things.
- Condoleezza Rice
THE ECONOMIC VIEW
Capital spending surge is here and growing
To replace labor with technology.
Treasury yields fell a quarter percent in Q2
Is it inflation or a waning economy we should fear?
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» The Leyendecker View: Gone Fishin'...
- June
- 25
- 2021
The Leyendecker View: June 25, 2021
Sometimes you have to lose your mind just to keep your sanity.
- Doug Leyendecker
Doug has absconded to a remote fishing camp on the shores of La Bahia del Espiritu Santo in Southern Mexico. Instead of tracking the most relevant events of the week and compiling them here, he’s tracking his fishing line and enjoying a break from it all.
While Doug’s gone fishin’, we’re doing a “Thoughts From Doug” greatest hits for this week’s TLV.
Here’s hoping you, too, can lose your mind some this summer, as we all need more sanity these days. Wishing you safe and enjoyable travels of your own!
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» The Leyendecker View: The Economic Recovery is Here
- June
- 18
- 2021
The Leyendecker View: June 18, 2021
It is easier to keep adding exceptions and justifications to a belief
than to admit a challenger has a better explanation.
- Zeynep Tufekci
THE ECONOMIC VIEW
May retail sales fell
People are spending on vacations now.
Here comes another potential housing crisis
As 4MM people fear eviction.
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» The Leyendecker View: Wall Street Dealing Is Hot
- June
- 12
- 2021
The Leyendecker View: June 11, 2021
The happiness of your life
depends upon the quality of your thoughts.
- Marcus Aurelius
THE ECONOMIC VIEW
Bipartisan agreement on infrastructure plan
Let’s see if it gets through the legislative process.
The rise of phantom investments
Is behind the global corporate tax deal.
Plan also calls for extra tax on profits for some companies
But will all this just lead to lower corporate taxes?
Yet global corporate tax deal faces opposition in Congress
Where it needs 2/3rds approval.
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» They Leyendecker View: How the World Ran Out of Everything
- June
- 04
- 2021
The Leyendecker View: June 4, 2021
Bull markets are born on pessimism, grow on skepticism,
mature on optimism and die on euphoria.
- Sir John Templeton
THE ECONOMIC VIEW
Lots of negotiations with possible infrastructure plan
For some reason, Biden wants/needs to work with GOP.
Has Biden’s agenda hit a Senate wall?
Demand for rental cars
Is through the roof.
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» The Leyendecker View: How McKinsey Destroyed the Middle Class
- May
- 28
- 2021
The Leyendecker View: May 28, 2021
Besides celebrating because you have a day off from work, what will you do this weekend to remember the sacrifices so many have made to create and maintain the United States of America? What will you show or say to your children so they too can understand Memorial Day?
Those who have long enjoyed such privileges as we enjoy
forget in time that men have died to win them.
- Franklin D. Roosevelt
THE ECONOMIC VIEW
How McKinsey destroyed the middle class
By helping create structural inequalities.
Shipping container rates hit all-time high
One more globalization reboot challenge.
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» The Leyendecker View: Cash is King in Corporate Land
- May
- 21
- 2021
The Leyendecker View: May 21, 2021
Moral sentiment has many problems.
The reality of power is the greatest of them.
- George Friedman
THE ECONOMIC VIEW
The federal budget in 2020
An infographic of revenues and outlays.
April housing starts plunge 9.5%
Lumber and supply chain challenges, or…
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» The Leyendecker View: Are CFOs Going to Embrace Bitcoin?
- May
- 14
- 2021
The Leyendecker View: May 14, 2021
Skilled labor isn’t cheap. Cheap labor isn’t skilled.
- Sailor Jack
THE ECONOMIC VIEW
Where apartment rents are falling fastest
Wowsville!
How the US won the economic recovery
It had the best COVID strategy and execution.
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» The Leyendecker View: Margin Debt Hits Another Record
- May
- 07
- 2021
The Leyendecker View: May 7, 2021
Breathe. Things are never as good or as bad as they seem.
- Andrew Ross Sorkin
THE ECONOMIC VIEW
Yellen says interest rates may have to rise
If Biden stimulus keeps growing.
Then she changes her story
Yet she also sees no inflation fuel
Mortgage applications continue to fall
Saturated market, or not enough inventory to buy?
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