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 …
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Looking Backwards … LB #1 We have been waiting for confirmation that this tight financial cycle is over, and we have now received it loud and clear. In September, assumably, the Fed will start easing interest rates. Powell came out and announced it is time to change path. We have long called Jerome our Jedi, …
Looking Backwards … LB #1 “The Democrats have been instituting a propaganda campaign to hide or deny the effects of inflation ever since Joe Biden took office in 2021. At first, they claimed there was no inflation threat. Then they claimed inflation was “transitory.” When the CPI hit 40 year highs they were forced to …
Looking Backwards … LB #1 So this last week has been a doozy. Last week the Japanese government tried raising interest rates into their economy that is in a recession. I told you that we tried a similar thing and it led to the great depression. Well the stock market in Japan dropped about 20% …
Looking Backwards … LB #1 This last week was dramatic as we have seen earnings reports, jobs reports, and even the Fed rate decision on Wednesday which seems a month ago despite only being three days ago. We go to Nick Timiraos and Paul Kiernan writing for the Wall Street Journal “The script is being …
Looking Backwards … LB #1 Competition is a good thing, it brings out the best in us, but what happens if the best isn’t in us anymore. What if others are simply much much better. That is the predicament American businesses are finding themselves in as we are trying to onshore manufacturing led by Joe …
Looking Backwards … LB #1 Friday morning the world woke up to the true depth of Microsoft dependence. It turns out Crowdstrike, a third party vendor, rolled out an update on the Microsoft platform and it crashed the Microsoft platform, worldwide for hours. Flights were cancelled, skies were empty, traders couldn’t trade, acres of cubicles …
Looking Backwards … LB #1 If we looked at the three branches of American government (executive, legislative, and judicial) and count all the stories written about each one I would be very surprised if the judicial wasn’t last, and last by an order of magnitude. Biden has all the headlines now as he tries to …
I can’t take the credit for today because today’s focus is on a website called wtfhappenedin1971.com. That is a good question and one we are going to try and answer with the help of some good data and some sense of history. I will do my best to describe the excellent visual representations of data …
Looking Backwards … LB #1 About ten days ago in the beach town of Sevastopol, Crimea sun worshippers were catching some rays on their beach loungers before a mysterious thing happened. This from ZeroHedge, “Unbelievable new footage has emerged of the Sunday Ukrainian missile strike on a busy Sevastopol, Crimea beach as tourists were lounging …