The Leyendecker View: How America Failed Workers«Back


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The Leyendecker View: November 12, 2021


If a man hasn’t discovered something that he will die for, he isn’t fit to live.
- Martin Luther King Jr.
 

THE ECONOMIC VIEW

Fed Chairman asks for patience
Not easy managing through this economic mess.
As economic confidence and consumer sentiment slides.
 
US trade deficit hits another record
We keep sending our dollars to other countries.

US household debt spiking
As we spend, spend, spend.
 
Can the decline of the Roman Empire
Tell us something about post COVID?
 
THE INFLATION BOGEYMAN
 
Global food prices at 10-year high
The interconnected economy stumbles.
Yet Baltic Dry index at 5-month low
 
Why innovation could stop inflation
Innovation is a powerful disinflationary force.
 
Prices, wages rise at fastest pace in decades
When will temporary inflation end?
Yellen says Fed won’t let 70s inflation happen
 
HUMPTY DUMPTY SUPPLY CHAINS
 
California is supply chain’s weakest link
Thanks to more and more and more regulation.
 
How to fix the shipping mess
May not happen until after the Christmas holidays.
 
China factory inflation at 26-year high
Are higher finished goods prices coming?
 
THE LABOR VIEW
 
How America failed workers
We haven’t survived the “China Shock.”
 
Pay and benefits are rising for service workers
But they still don’t want those jobs.
 
Stop using social media to screen candidates
It may be illegal.
And using algorithms doesn’t work
 
MEANWHILE IN EUROPE
 
German economy stumbling
It’s no longer Europe’s engine.
 
Finland eyes possible NATO membership
But will they pay their fair share?
 
Portugal says no work texting after hours
What is work after hours?
 
London going all in on facial recognition
Police are spending big on this tech.
 
GLOBAL
 
Russia joins China
In digital censorship.
 
Life expectancy falls across the globe
Biggest drop since WWII.
 
Venezuela introduces new currency with fewer zeros
I can’t stop laughing.
 
THE FINANCE WORLD
 
Cyclically Adjusted Price-to-Earnings ratio
Has hit an alarming high.
 
Bond markets flash potential turmoil
But investors are anesthetized.
 
Managers are loaded with assets
While alternatives are driving the business.
 
The traditional stock and bond mix
May be no sure thing.
 
THE CRYPTO MEME
 
Is Bitcoin too big to fail?
It’s giant but good for what?
 
Please plant 300 million trees
An estimate of Bitcoin’s carbon footprint.
 
Stablecoins need to be regulated
Says Biden administration.
 
CORONANEWS
 
Why more men die of Covid
Hmmm…
 
In search of the genetically resistant
Why will some people never get Covid?
 
Pfizer’s got “the pill”
Will this pill get us back to a normal world?
 
TECHNOLOGY
 
We need more chip making machines
It’s more than just a chip shortage.
 
The age of the tech giants
Their capitalization dwarfs that of previous big companies.
 
AI advertising isn’t just getting you to spend
It’s also rearranging your brain.
 
THE NEXT NORMAL
 
Scarce labor driving up robot investment
This will hold wages down.
Robot orders increase 67% in Q2 2021
 
How to fix social media
What would it take?
 
Could solar flares disrupt civilization?
What, one more thing to worry about?
 
THE WAR ON CARBON
 
India wants $1TRILLION
Before it raises targets for emission cuts.
 
Renewable energy is growing
But overall energy demand is growing faster.
 
Solar PV projects risk delay
Wind manufacturers blow off course
Supply chain problems, tax credits, uncertainty.
 
THE CHINA SYNDROME
 
China’s self-isolation a concern
Risk grows when they turn inward.
 
EU and US preparing to gang up on China
Trade war truce moves focus to 800-lb gorilla.
 
China not complying with US trade deal
Should we be surprised?
 
CANARY IN THE COAL MINE?
 
China property market in high stress
Junk bond yields top 25%.
Real estate hangover could last a decade
 
IMF cuts China growth forecast
But expectations are still high.
As power crisis curtails manufacturing
 
China exports boom
Passing 2020 easily.
 
MAKING A BETTER YOU
 
Fix burnout
Without destroying your life.
 
The best way to learn anything
It’s not really that hard.
 
How to have meaningful conversations
It’s important to do so, really important.
 
HOW ABOUT A BREAK
 
Want to see the cosmos at night?
Here’s how to find dark sky.
Where to see the northern lights
 
The big bang theory
May not be how the universe began, after all.
 
A radio signal emanates from heart of Milky Way
Astronomers call it “extraordinary.”
 
VIDEOS OF THE WEEK
 
A life off-grid
What defines a well lived life?
 
Jurassic Park—with a cat
Too funny!
 
Coming winter movies 2021
In case you are going to theaters.
 
FROM THE HEADHUNTER’S KITCHEN
 
57 pecan recipes
This will keep you busy on a Sunday afternoon.
 
Birthplace of the tater tot
‘Cause you really wanted to know.
 
Sticky orange carrot cake pudding
With mascarpone cream…yummy!
 
THOUGHTS FROM DOUG
 
When is a major corporate CEO or major investor going to stand up to the woke mob?
 
Why does it seem that government policy is focused on things that make life harder and more expensive for the average citizen?
 
Who is going to pay India $1TRILLION so they’ll join the “get rid of hydrocarbons” club?
 
Can one of you readers help me out? I'm looking for any news stories or science studies that can tell me ALL the influences on climate and then point me to the science that suggests every other influence besides hydrocarbons is benign.
 
I no longer want to go on vacation where hundreds or thousands of others are on vacation at the same time. And I certainly don’t want to go on vacation to see my neighbors. Does this mean I’m getting old?
 
You have to ask what’s happened to humanity when you see someone driving a car with a mask on while staring at their phone.
 
Have we already experienced post-pandemic peak economic growth?
 
IN CASE YOU MISSED IT
 
The Leyendecker View: The Great Monetary Unwinding
November 5, 2021
 
The Leyendecker View: Bond Market Sales Inflation Will Last
October 29, 2021
 
 

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