Follow up: Forbes says SVB one of America’s Best Banks
And did this just 3 days before the bank collapsed. Experts rule! Seems likely that SVB will be declared “Too big to fail” and taxpayers will bailout the bankers and…
Follow up, Economy: How to turn $320/share into $0/share using this one weird trick
The trick is to listen to Jim Cramer – who pushed SVB stock just a month ago. Today the company is no longer in business. Cramer is an investment clown…
Demographics: How worker shortages are affecting everyone
A good Bloomberg article on the labor shortage, the demographic problem shrinking our labor pool, and the reality of what will probably be done.
Public health and political officials accountable?
In April 2020, we wrote: ‘Lockdown is going to bankrupt all of us and our descendants and is unlikely at this point to slow or halt viral circulation.’ So it…
Economy: Inflation Adjusted Housing Prices
Source: Inflation Adjusted Housing Prices For most of the 20th century, inflation adjusted home prices remained mostly steady. Remarkable, isn’t it? Real estate has been a hedge against inflation –…
Business: Businesses pushing “premiumization” to squeeze more from customers
They are doing a mix of practices attempting to persuade you that their products or services are a “premium” offering to which you should pay more. Airlines did this by…
Demographics: Percent of teens who work at jobs
If possible, I recommend most teens avoid jobs while going to school. Teens are better off investing in their education – it makes little sense to spend hours at minimum…
Economy: Owning a house is a hedge against inflation
Source: Why AI Won’t Cause Unemployment – Marc Andreessen Substack It is interesting to see that hospitals, colleges dominated by public universities and colleges, medical care, and so on have…
Demographics: Within a few years, 1 in 3 Canadian residents will be immigrants
All told, the above-outlined reasons for immigration growth have created a country where immigrants make up 23% of Canada’s total population (as of 2021). What’s more is that this number…
Basically normal:”60% of Americans live paycheck to paycheck”
Source: Amid stubborn inflation, 60% of Americans live paycheck to paycheck Which is much the same as it is every year, typically 60-70%. The text of this year’s story notes…