The Leyendecker View Blog
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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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» The Leyendecker View: The Bubble No One is Talking About
- April
- 30
- 2021
The Leyendecker View: April 30, 2021
Let everything happen to you. Beauty and terror.
Just keep going. No feeling is final.
- Rainer Marie Rilke from the poem “Go to the Limits of Your Longing”
THE ECONOMIC VIEW
Consumer confidence soars
After being locked in our caves for over a year.
Biden lifts minimum wage for federal contractors
We can afford it, just borrow more money.
Or print more money
Hey pres, how much we paying our soldiers?
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» The Leyendecker View: Losing $8B in 10 Days
- April
- 23
- 2021
The Leyendecker View: April 23, 2021
I made a fortune getting out too soon.
- J.P. Morgan
THE ECONOMIC VIEW
Housing starts jump more than expected
Supply chain challenges may be easing.
While existing home sales decline
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» The Leyendecker View: Is War Coming?
- April
- 16
- 2021
The Leyendecker View: April 16, 2021
A mind is like a parachute. It doesn’t work if it’s not open.
- Frank Zappa
THE ECONOMIC VIEW
Retail sales soar 9.8%
When’s the next stimulus check?
Tax cheats cost US $1T a year
Suggests IRS chief.
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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.
Read More »