The Leyendecker View: A Brief History of Anti-Trust«Back


Interested in receiving our newslettersClick here to sign up.

 
The Leyendecker View: July 31, 2020


Those who dream by day are cognizant of many things which 
escape those who dream only by night.”
Edgar Allen PoeEleonora


SPREAD THE WORD

2019 GDP was $21.4T. That makes the 70%-service economy worth $14.98T and the 30%-goods-producing economy worth $6.42T. Service employment is at 130M jobs, and goods production employment is at 21M jobs. That means each service job generates $115K of GDP, while each goods production job generates $304K of GDP. So, what should our economic policy be?

OUR FINANCE WORLD
 
Old folks venture capital
Fund started to back older entrepreneurs.
 
Oxford professor questions PE returns
Again and again, but this is his last warning.
 
Hedge fund fees in free fall
They are no longer the rock stars.
 
THE GLOBAL VIEW
 
COVID’s next crisis
Developing-nation debt.
 
Junk food ban coming to the UK
Boris Johnson has change of heart after COVID.
 
UK also considering online sales tax
You can guess who doesn’t like that idea.
 
THE ECONOMIC VIEW
 
Over 40% of renters at risk of eviction
See the map, state by state.
 
Graphing GDP from 1950
See how our recent decline compares.
 
Was the extra $600 a week a disincentive to work?
Much debate over it and what to do next.
 
REBUILDING AMERICA
 
A brief history of anti-trust
Is it time for a refresh?
 
Eighteen is too young to vote
Wowsville on this perspective.
 
Billion$$$ going to national parks
In a rare bipartisan vote.
 
THE WAR ON CARBON
 
Snooze the climate alarms
The problem is likely going to fix itself.
 
The green energy myth
It’s not as clean as you think.
 
Climate emission killer
Construction begins on world’s largest liquid air battery.
 
TECHNOLOGY
                       
Meet Flippy
It’s gonna cook your burger for you.
 
Jeff Bezos’ back story
Another Horatio Alger story, gotta love America.
 
The next Amazon could be Shopify
From $40B to $60B in sales in one year.
 
THE CHINA SYNDROME
 
EU to limit tech exports to Hong Kong
Chinese clampdown scaring more people.
                      
Human rights abuses denied
Includes reports of forced sterilization.
 
India’s military gets serious
With warship build up and port acquisitions.
 
THE NEXT NORMAL
 
1 in 3 families has a parent who’s left the work force
Suggests most recent survey by HR benefits firm.
 
The pandemic has changed our relationship with time
Lockdowns are changing our personalities, too.
 
New York City is reopening but workers stay home
How long until there’s hustle and bustle again?
 
A BETTER YOU
 
How to read more books
“Modern” life demands it.
 
Appearances or experiences
What really makes us happy?
 
Walking is the bomb
No gym needed.
 
VIDEO OF THE WEEK
 
Truffle hunting in Italy
And then a snack.
 
HOW ABOUT A BREAK
 
Inside the world of black-market bourbon
Shhhh…don’t tell anyone.
 
The 50 best movies
On Netflix right now.
 
Costco, oh so great
But why?
 
COOL SCIENCE
 
Researchers create new really hard material
So hard it cannot be cut.
 
Possible Alzheimer’s breakthrough
The “cuddle drug” looks promising.
 
Sea sponge possess cancer-fighting chemical
Mother Earth holds many more secrets that could benefit us.
 
FROM THE HEADHUNTER’S KITCHEN
                    
Summer is a tough time to cook. Too hot. Want to eat light. Hmmm…. How about…
Gazpacho! Toss a little crab meat and/or baby boiled shrimp on top.  
 
THOUGHTS FROM DOUG
 
Dystopian projections of the economic, social and environmental future fail to take into account humanity’s greatest capability—the capacity to adapt.
 
Let’s look at an unofficial presidential poll. How many Facebook followers do the presidential candidates have? Donald Trump has just over 30M. Joe Biden has 2.4M. Huh? How could this be, given the “official” poll data? November is gonna be interesting.
 
According to the Bureau of Labor Statistics, as of 2019 the total number of jobs in government was about 22.6M, while the total number of jobs in the private sector goods producing industries was about 21M. So, in the US there are more government jobs than there are jobs making tangible things. How do you feel about that?
 
FDR never ran a government deficit greater than 7.5% of GDP during the Great Depression. We’re likely going to 20% of GDP this year. Just sayin’.
 
Now doesn’t seem like a time where people can focus on their career paths. Especially when so many traditional paths have been broken. Instead, perhaps one’s career focus should for now be on personal and family sustainability. Today's mantra might need to be: any cash flow is better than no cash flow. And, what can I do to help ensure the generation behind me leads happy and fulfilling lives?
 
At the end of the day, those in power generally protect their brothers and sisters in power, no matter what side of the aisle they sit on. And then revolutions happen.
 
IN CASE YOU MISSED IT
The Leyendecker View: Who is This Steven Mnuchin Dude?
July 24, 2020
 
The Leyendecker View: FBI Investigating Private Equity
July 17, 2020
 
 


  •  
    • LEAVE YOUR COMMENT BELOW
    • Name:
    • Email:
    • URL:
    • Comments:
    •