The Leyendecker View: The New Tax Increase is Already Here«Back


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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?
 
Americans to pay debt, taxes with stimulus checks
Hmm…about that supposedly-looming economic boom…
 
Jobless claims fall
Man, those stimulus checks worked fast!!!
 
THE LABOR VIEW
 
Should you keep working from home
After the pandemic is over?
 
Wall Street loosens up
After reports of 100-hour workweeks.
 
Our redefined work relationships
After a year of WFH.
 
There are more realtors than houses for sale
Like we need more service jobs.
 
MEANWHILE IN EUROPE
 
Eurozone PMI jumps above 50
But new lockdowns cloud the future.
 
China retaliates
EU sanctions followed by China sanctions.
 
Spain will try 4-day work week
That’s gonna fix 16% unemployment?
 
Get paid to borrow money
It’s the next new thing coming.
 
THE GLOBE
 
Global economy not in ship shape
$9.8B a day lost with Suez Canal jam.
And it could take weeks to free
 
North Korea behaving badly again
Testing the Biden administration.
With China supporting the Kim guy
 
Jordan gives US military free reign
US gets new Middle East beachhead.
 
Turkey hikes interest rate to 19%
How would you like to live there?
 
THE FINANCE WORLD
 
Robinhood could democratize the IPO
Might not be good for investment banks.
 
The new stock influencers
Could just as easily be selling perfume.
 
How much Bitcoin should you own?
The math to figure it out, if you want some.
 
SPAC feeding frenzy
They gotta find something to buy.
 
CORONANEWS
 
Cases are rising again in the US
Infections surge in India
The Europe vaccine roll out problem
The race is on with vaccinations.
 
Europe virus surge could be telling
Will spring break be a super spreader?
 
Here comes the vaccine passport
Europe wants one by June.
 
COVID variant in Brazil is bad
More contagious, rough on youth as well.
 
TECHNOLOGY
 
Intel to invest $20B in Arizona
To build two new chip factories.
While China government backs China chips
 
Facebook eliminates 1.3 billion fake accounts
In just the last three months of 2020.
 
Tokyo chip factory has a fire
The chip problem gets worse.
 
Facebook developing brain wave wristband
For you to control computers, or for them to control you?
 
THE WAR ON CARBON
 
Toyota warns about electrifying all autos
Common sense Japanese understand the challenge.
 
Are EVs better for the environment?
This author needs to dig deeper.
 
How green are electric vehicles?
Not green green green.
 
THE CHINA SYNDROME
 
China attacks foreign clothing brands
For bringing up human rights abuses.
 
US and allies sanction China
And they don’t like it!
Pushing the EU around
 
Boycotting the 2022 Winter Olympics
This story likely isn’t going away.
Especially with this new chapter
 
Alaska meeting was a disaster
China is ready to push US around
Distrust deepening on both sides.
 
THE NEXT NORMAL
 
Doughnut economics
European cities new post-pandemic model.
 
Federal judge slams media
“a frighteningly orthodox media culture”
 
Nearly 50% of people are anxious
About getting back to normal too quickly.
 
Small-town folk are returning home
Including the young folk.
 
MAKING A BETTER YOU
 
The 7 types of rest we all need
We certainly all need media rest.
 
Hokey health?
Or better stress management strategy?
 
Preserving optionality
Makes us more resilient to the unexpected.
 
HOW ABOUT A BREAK
 
News ratings have tanked
As Donald Trump predicted.
 
Cave discoveries in Mexico
Humans not so new to North America?
 
NYC man sells farts for $85
Cashing in on NFT craze.
 
The New River Gorge
Get to know US’s newest national park.
 
MINDCATION VIDEOS OF THE WEEK
 
Want to see lava flow?
Very short drone clip is pretty cool.
 
Watch the “vaccines” interact
Cute spoof of the vaccines arguing.
 
Some new documentary trailers to consider:
Tiger
Billie Eilish
The Beatles: Get Back
 
FROM THE HEADHUNTER’S KITCHEN
 
Perfect pillowy cinnamon rolls
Big breakfast smile here!
 
Meet cascatelli
There’s a new pasta in town
               
What really made McDonald’s
Was it the secret french fry recipe?
 
THOUGHTS FROM DOUG
 
Europe struggling with vaccine distribution, supply chains struggling to reboot, and now a giant container ship stuck in the Suez Canal. What else can happen that could derail Wall Street’s prediction of an impending economic boom?
 
Uh oh! The global shipping container crunch could lead to another toilet paper crisis.
 
The housing market seems to have peaked. This means consumer capital goods spending may have also peaked. So, do we really expect an economic recovery and boom to come from restaurants, cruise ships, spas, nail salons and theme parks?
 
Will this decade be the "Roaring Twenties" or the "Boring Twenties"? Are post-pandemic people going to be more conservative with their money? Demographics alone does not support the “Roaring Twenties” narrative.
 
A year ago, people thought the lockdowns would cause a baby boom. Instead, they’ve caused a baby bust. Now people seem to think an economic boom is coming. Hmmm…
 
Are our successes and failures due to fate, chance, free will or a little of each?
 
You can figure anything out. All it takes is a little time and lots of desire.
 
IN CASE YOU MISSED IT
 
The Leyendecker View: Here Comes the SPAC Attack
March 19, 2021
 
The Leyendecker View: Google Takes on Colleges
March 12, 2021
 
 


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