The Leyendecker View: Radical Ideas From a Hedge Fund Manager«Back



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The Leyendecker View: May 1, 2020


“Plans are useless, but planning is indispensable.”
- Dwight D. Eisenhower
 

SOME GOOD NEWS

Supermarket Publix buying excess food from farmers
And donating to food banks.
 
Some Americans donating their stimulus checks
If it’s not material to you, then here’s what you can do.

6 year old sets up joke stand
Free jokes to help folks get through the crisis.
 
OUR FINANCE WORLD
 
Radical ideas from a former hedge fund manager
“Burn. It. The. F#&k! Down.”
 
Apollo navigates the crisis
Is alternative credit now more important than banks?
 
Bidding wars coming for distressed public companies
PE funds need to do something with all their dry powder.
 
TECHNOLOGY
 
Softbank’s write downs suggest
WeWork may be worth zero.
 
Rackspace files for IPO
With more online everything, web services are gonna be hot.
 
Amazon may need to be broken up
They’ve been using seller data to launch competing products.
 
THE ECONOMIC VIEW
 
Fed’s Powell chimes in
“W-shaped” recovery may be too optimistic.
 
The rebounding economy
Will it get us back to partying like it was 2019?
 
Who pays for all this growing debt?
Economic growth is the key. 
 
REBUILDING AMERICA
 
The future is not what it used to be
McKinsey thoughts on the next normal.
 
Telemedicine growing through the roof
Can it help us reduce health care costs?
 
US travel industry set to lose over $500B in 2020
Oucha magoucha!
 
THE CHINA SYNDROME
 
China threatens Australia
After Australia calls to investigate virus spread.
 
China threatens Germany
In Huawei battle.
 
China threatens US warships
With electromagnetic attacks.
 
THE NEXT NORMAL
 
Entering a new age of American austerity
So suggests the Financial Times.
 
Grocery surge may outlast virus
History suggests supermarket sales stay elevated after big downturns.
 
Permanent universal basic income in Spain
Time to become a Spaniard.
 
HOW ABOUT A BREAK
 
At the limits of thought
Will science be driven by human minds or the machines we’ve created?
 
Jeff Bezos building giant clock inside a Texas mountain
Huh?
 
The ideal doomsday vehicle
Cuz you may need it one day.
 
FROM THE HEADHUNTER’S KITCHEN
 
Classic baguettes
When they aren’t available anywhere.
 
THOUGHTS FROM DOUG:
 
For at least two decades, Keynesian stimulus has resulted in consumers supporting foreign producers. Not sure that’s what Keynes had in mind. 
 
With social distancing either mandated or volunteered, can we really expect post-crisis restaurants to survive at 50% of pre-crisis sales?
 
How can airlines survive if they can’t fill middle seats? 
 
Since existing health issues are the predominant factor leading to coronavirus death, will people decide to lead healthier lifestyles?
 
The increasing urban density trend may be over. As we’re learning, disease spreads fast in close quarters.
 
Yields on everything, including dividends, are going down.
 
Maybe it's time to listen to critics of the lockdown...They might have a point.
 
IN CASE YOU MISSED IT
 
The Leyendecker View: A Remarkable Leap Forward
April 24, 2020
 
The Leyendecker View: Investment Banking Consolidation Coming?
April 17, 2020
 
 

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