05-MAY 04-2022

Earthquake QuarterGood morning.
The market selloff has been brutal for tech stocks, but that’s the case in any selloff.  Right now, one of the more interesting sectors is retail.  The space as a whole now trades at a PE ratio of about 15, compared to 27 just a year ago.  It’s the cheapest level for this sector since 2014.
There are good arguments for or against an investment now.  Rising retail theft, particularly in places where low-level theft isn’t being prosecuted, is heavily cutting into retailer’s margins.  And many consumers are cutting back on spending as prices rise.
That said, once the latest inflation fears start to fade, likely later in the year should year-over-year inflation levels start to decline, this sector could be poised for a takeoff toward its historic valuation of the past few years.

Now here’s the rest of the news:

China Moves To Undermine America’s Last Economic Advantage
Beijing is very worried about the potential effects of sanctions on China’s vast holding of foreign assets, but the fact that they weren’t able to come up with any solution shows the extent to which China is locked into a structural problem. [Read Here]

Why April 2022 Will Go Down In History
April 2022 will go down in history as a milestone that has only been seen on three previous occasions since 1973.  A month in which the S&P500 Index and US Treasuries have fallen at the same time, 5% and 2% respectively.  Also, the US dollar has… [Read Here]

May 04, 2021

Mothers-Day_3Good morning.
Online auction site eBay (EBAY) became huge in the 1990s thanks to the demand for Beanie Babies.  As the central site for that fad, the company was able to expand and survive the internet bubble.
Now, the company is looking to enable cryptocurrency payments, to better serve its customers.  It’s also looking to break into the NFT, or non-fungible token market.  NFTs are digital assets like a picture or song.  While they can be copied, blockchain data provides the owner of the NFT with the assurance that they are, in fact, the original owner.  NFTs have been big business so far this year, and show one of many applications for cryptocurrencies and blockchain technology.

Now here’s the rest of the news:

The BIGGER Short –Jon Schwarz & Ryan Grim,The Intercept
Wall Street’s biggest names are up to their 2008 shenanigans again.  This time, with business loans.  It’s a $4.5 trillion market, and delinquencies just hit all-time highs… [Read Here]

Bank of America: “Transitory Hyperinflation Ahead” –Tyler Durden,ZeroHedge
On BofA’s earnings call, inflation concerns “skyrocketed to near record highs from 2011, pointing to at the very least, ‘transitory’ hyper-inflation ahead.” [Read Here]

“I’ve been called many names like perfectionist, difficult and obsessive. I think it takes obsession, takes searching for the details for any artist to be good.”
–Barbra Streisand

May 04, 2020

The quarterly numbers came inGood morning.
As you begin to look at the entirety of last week, it was a ride.  So much optimism at the beginning and culminated with GOOG and FB gaping higher following earnings.
It peaked on hump day and never recovered.  By the end of the week the gains were largely erased from industries that would benefit from reopening the economy.  Some article will point to earnings or discussion of tariffs, but it makes you wonder whether the extensions in California in elsewhere began to dim the light at the end of a very long tunnel.

In Other News:

Get Ready for the Next Great Bull Market in Gold  John Doody detailed why he thinks gold prices can shoot to $3,000 per ounce – and maybe more – in the near future.

My friends complain all the time about charging their Teslas.  It takes five hours.  And that’s just when it’s half dead.
So imagine their surprise when I recently told them about a brand-new green technology that charges not in hours, but in less than five minutes!
It’s as quick as filling a tank of gas, except there’s no carbon emissions…
New and ImprovedIt lasts hundreds of miles longer…
And it NEVER dies – it can recharge forever.
The only thing it emits is pure, clean drinking water.
Best of all, it’s cheaper than batteries.  And safer.
Jimmy Mengel tested this technology himself recently…
And it’s so remarkable that I now agree with the experts who say: “this is the Tesla killer.”
Bloomberg projects it to “skyrocket 1,000 times over.”  And best of all…

The tiny little-known stock behind the “Tesla Killer” trades for only a few bucks.

Don’t wait another moment.
Now you can lock in its shares for a few dollars, instead of over $400 like Tesla.

Click here for the full story.

Godspeed,

May 04, 2017

Nude PumpsHappy Birthday sis,

I would like to wish DONNA WALKER the very best today … your special day!

Many, many more.

I’m so very proud of you, AND love you soooo much,

REW

IMG_0712
Come From Aways, Do You?

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05-MAY 14-2022

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05-MAY 13-2022

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05-MAY 12-2022

Good morning. The good news?  Inflation has slightly slowed on a year-over-year basis, for the first time in seven months.  The bad news?  It’s still high at 8.3 percent.  And it came in higher than expectations. Looking at the data shows some reasons for the unexpected strength.  Most components of CPI still rose more than 6 percent in April.  But soaring food prices – which we’ve warned about fairly often — were a big contributor.  Another big move higher was record airfare prices, as high fuel costs and a reopened economy drove prices up. The data doesn’t give too much

05-MAY 11-2022

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05-MAY 10-2022

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05-MAY 09-2022

Good morning. People don’t mind inflation when it hits things like assets.  When stocks and home prices are rising, consumers feel wealthier.  This “wealth effect” tends to be beneficial to spending, which then become a self-fulfilling prophecy. The 2009-2020 market rally started with this effect.  The bank bailouts propped up the banks, but didn’t cause inflation on Main Street.  Today, thanks to the stimulus measures during the pandemic, Main Street went on a spending binge.  That’s caused a reverse wealth effect as the prices of goods like food and utilities are rising at a rapid rate — but now asset

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