The Leyendecker View: Capitalism Is Dead«Back


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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

One-third of small business need more help
Or they won’t survive.
 
Capitalism is dead
Long live debtism.
 
THE LABOR VIEW
 
Trade unions in the US
Compared to other countries.
And compared US state to state
 
College degrees are not needed
For many jobs that require them.
 
“Head of remote work”
Is the hottest job today.
 
The new normal for work
Will be dominated by tech tools.
 
MEANWHILE IN EUROPE
 
Germany bucks Europe’s baby bust
The Germans are getting busy.
 
While Italian birth rate sinks further
Economic concern trumps desire.

France shuts down schools again
Germany struggles with COVID
While Europe lags big on vaccine roll out
We want to become like Europe, right?
 
Europe plastics boom coming
Even as they try to reduce plastic waste.
 
THE GLOBE
 
Top ten happiest countries in 2020
Mostly they are small and simple.
 
Chinese nationalism threatens supply chains
This is the real threat of inflation.
 
Myanmar is in shambles
US & Britain taking action.
 
Mexico’s president backtracks energy reforms
Probably not good for Mexican economy.
 
THE FINANCE WORLD

PE groups raise $20B+ for dividends
Pay back investors, lever up companies.
 
NFTs explained
Art form? Platform? Currency?
 
SPAC analytics
Comprehensive data on the SPAC attack.

The Buffett Indicator at all time high
Bubbles are so much fun until…
 
CORONANEWS
 
Been fully vaccinated?
Then here’s what to know.
 
New vaccines needed within a year
What? Huh? This ain’t over soon?
 
Here comes the vaccine passport
Is there any other option to resume global travel?
 
CDC chief predicts “impending doom”
Please refrain from leaving your homes, ever!
Seven-day moving average not good
 
TECHNOLOGY
 
Army to buy $21.9B of AR headsets
A big Microsoft and AR win.
 
Boston Dynamics new robot for warehouses
Amazon workers better unionize fast!
 
The latest artist selling NFT is a robot
Do we need humans anymore?
 
Global 5G adoption to triple in 2021
Are there enough tin hats to go around?
 
THE WAR ON CARBON
 
China burned over 50% of world’s coal
As they pledge to go green.
 
Clean tech 2.0 is growing fast
With the help of SPACs.
 
Sustainable investing is just corporate PR
Says former BlackRock Sustainable CIO.
 
The geopolitical fight over green energy
Both sides need more patience.
 
THE CHINA SYNDROME
 
China shutting some H&M stores
For speaking out about Xinjiang.
China says, DON’T criticize us
The backstory on this story
 
Biden administration cozies up to Taiwan
US ambassador makes historic Taiwan visit
Japan and Indonesia working together
More China pushback.
 
Killing democracy in Hong Kong
Another nail in the coffin.
 
THE NEXT NORMAL
 
Gallup poll: greatest threats to the US
Global warming in 6th place.
 
White House pushes for manufacturing czar
MAGA/BBB momentum growing.
 
Teen cannabis addiction like opioids
And how’s legalization going to help?
 
Used clothing site goes public
Thrift stores are going mainstream.
 
MAKING A BETTER YOU
 
Left brain and right brain explained
Practice your weakest side to improve…everything.
 
The shortness of time
Simple ways to get better at managing it.
 
Learn from coach Bill Belichick
About making mistakes.
 
HOW ABOUT A BREAK
 
Bald eagle populations are soaring
Once only 500 mating pairs, now 70,000.
 
Virgin Galactic unveils new spaceship
Soooo cool, you’ll want to ride in it.
 
People don’t buy products
They buy better versions of themselves.
 
50 best 2021 travel destinations
For when the time comes to travel again.
 
MINDCATION VIDEOS OF THE WEEK
 
Formula E
Electric race car series gaining traction.
 
Record breaking space jump
24.2 miles above earth’s surface.
 
Playing cello at the top of a mountain
It takes a bit to get there first.
 
FROM THE HEADHUNTER’S KITCHEN
 
How to make a patty melt
You may be licking the plate after.
 
Follow Stanley Tucci
Around Italy sampling food.
 
The Ikea Cookbook
To help you get rid of your kitchen scraps.
 
THOUGHTS FROM DOUG
 
New info from Gallup: US church membership falls below majority for first time. As I suggested a few weeks ago…In recent years, there’s been a steep decline in church membership, a steep increase in the use of antidepressants and a steep rise of depression in adolescents. Causation? Correlation? Or what?
 
With speech police and cancel culture growing more pervasive, I recently started to wonder how the average German felt as the Nazis were taking over.
 
The biggest threat to global prosperity seems to be China’s incessant march towards global domination. Today, when countries, companies or people push back, China leans in even harder and stronger, making things worse. Who will eventually give in?
 
Let’s pretend it’s January 2022. What might the odds be that economic pundits are saying… “We overestimated the demand explosion that would occur post pandemic. So, GDP and economic recovery haven’t grown as fast or as big as we expected. People’s attitudes about consumption may have changed (they seem to be saving more). Or maybe it will take longer before people feel comfortable spending like they did before.”
 
When people talk about inflation today, the basis of their projections is a dramatic increase in the amount of money falling from the sky (errr…from governments). The assumption is that money growth leads to higher consumer demand and consumption. But hasn’t Japan been printing and borrowing money will nilly for thirty years, and yet it can’t buy inflation?
 
And how can consumers buy more and more and more, driving up prices, when wages struggle to grow, and jobs are constantly being replaced by technology or globalization? Can we have goods inflation if we don’t have wage inflation?
 
I kind of think that if inflation is going to show up, it will be because of a scarcity of goods as supply chains break down. If globalization ebbs and having a self-sufficient economy becomes a priority to more and more countries, the time it takes for supply chains to reorient will likely bring about some kind of cost-of-goods-sold inflation.
 
IN CASE YOU MISSED IT
 
The Leyendecker View: The New Tax Increase is Already Here
March 26, 2021
 
The Leyendecker View: Here Comes the SPAC Attack
March 19, 2021
 


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