Looking Backwards … LB #1 We should know by Tuesday whether or not thousands of dockworkers have gone on strike potentially snarling supply chains. This from Owen Klinsky from the DailyCaller.com, “The International Longshoremen’s Association (ILA) — which represents more than 85,000 workers at three dozen U.S. ports along the East Coast and Gulf of …
One of the benefits of hindsight is getting to listen to, read, and learn from those that have lived before and might, might just have some insight that could help our own lives, if we listen. If our nose is in Legend of Zelda or Zappos or TMZ reading about the problems that a character …
Looking Backwards … LB #1 I shouldn’t make fun, but that is kind of what I do. The relief you have waiting for people has arrived. The Fed has cut 50 basis points and for all of you shoppers that means that your credit card interest rate has been reduced from 24% to 23.5% so …
We left off last week looking at the similarities between the spot we find ourselves now and the Great Depression. This doesn’t mean we will have another depression, a great depression, but we are going to have our day in the rain. We must examine the rainmakers of today Don and Kamala. We can juxtapose …
Looking Backwards … LB #1 Jerome Powell has said that interest rates would be higher for longer and he has largely been true to his word. We have had over a year of rates at 5.50% on the Fed Funds rate. It is common historical knowledge that interest rate policy works with a lag, a …
As I mentioned I am interested in the word sequencing. It is the order in which things progress through cycle in particular that have me fascinated. How does the money flow from good to bad and where does it go? I like to say that if the world was a poker game and everyone started …
Looking Backwards … LB #1 This week was about the economy and the jobs reports. We know the government and the Bureau of Labor Statistics have been missing on the numbers. That’s a fact. We can speculate whether it is on purpose to help Kamala get elected or they are just having difficulty after Covid …
“The only thing you should remember is that everyone else is either reckless or inept. Usually both.” Margaret Thatcher in The Iron Lady I have become a bit obsessed lately with the word sequencing. In business cycles sequencing is the timeline of events and how things morph from one phase to the next. We are …
Looking Backwards … LB #1 This past week was a whipsaw of volatility before the long holiday weekend. Nvidia came out with earnings on Wednesday(their stock price fell dramatically), but there was a very shadowing happening that I want to point out that is more important than Dollar General’s earnings and guidance (their stock fell …
As I sit here browsing the internet I am concerned. I am concerned because I try to be an informative and responsible information aggregator and opinionist, and yet I know that it is likely to be a fact that I get goldfished or catfished or whatever fish they are calling getting hoodwinked these days. It …