
Welcome to This Week’s Leyendecker View
Simplicity is the key to brilliance.
–Bruce Lee
FAVORITE READS OF THE WEEK
The wages of failure
Government workers are overpaid.
Can Trump save Europe from itself?
His new National Security Strategy may help.
Does poverty cause crime?
Why are there racial disparities in the poor?
THINKING OUT LOUD
Happy Birthday, Jesus!
Despite the fact that the story of Jesus is most relevant to Christians and Jews, it’s well known across the world and has had some degree of influence on all people on earth.
The story’s literal message is of sacrificing one’s own life for the betterment of others’ lives—something very few of us will ever do. Its metaphorical message is to be of service to others—something every one of us can do daily.
As the narrative goes, one man, Jesus, gave his life to save the rest of mankind. One man convinced a good many in the world that no matter your material wealth, it is your spiritual wealth that would take you to the afterlife of heaven.
And what is the foundation of this spiritual wealth that can eclipse material wealth? To do good, keep doing good, always seek to do good, and always seek to do better.
This narrative has its origins in the Ten Commandments, which Moses, a Jew, brought down from Mount Sinai 1440-ish years before Jesus arrived on the scene. The Commandments are:
The 10 Commandments are a list of rules on how one should live his or her life. Break any of these rules, and one has harmed God as well as their community. Those who do not seek to abide may not feel guilt. But those who do seek to abide will feel guilt.
So, in a way, guilt is at the foundation of Jewish and Christian cultures. And when we think about guilt, it should motivate us to strive for better, to do better, to be better.
This drive to be better is not just at the foundation of Judaism and Christianity, it is also at the foundation to Western culture and economy.
Europe and its progeny, the United States, have had economic success because our spiritual and emotional DNA is to improve, to learn from our mistakes, to do better the next time and to serve our fellow humans.
This motivation to do better and to serve our community is at the foundation of innovation upon innovation upon innovation.
Maybe Christianity is the foundation of The Land of Opportunity. Maybe Christianity is the foundation of the innovation that started when Gutenberg, living in Christian-dominated Europe, seeded Western culture’s economic explosion.
How can we make things better? How can we make people’s lives better?
The drive to do and be better started when Moses brought us the 10 Commandments. Jesus then reinforced these rules of civilized life as a prophet and in sacrificing his life for the world.
So while we’re taking down our Christmas tree, ornaments, lights, and other decorations, and as we’re enjoying our family, friends, and the gifts we received, let’s remember to wish Jesus a happy birthday.
We would not likely be here in our land of plenty without Jesus. We would not likely be here in our land of plenty without Moses. We are significantly lucky that our Founding Fathers and the early immigrants to this country were Christian. Thank the Lord! Thank Jesus!
THE RANDOMS
The perfection of imperfection: If things were perfect, then there would be nothing to learn.
Since everything runs in cycles, will the current “luxury everything” trend eventually be replaced by an “everything austerity” trend?
The debate over extending what was meant to be a temporary expansion of Obamacare subsidies during Covid tells us why this country is over $38 trillion in debt and growing. What was set as something that would expire is now something many legislators want to make permanent.
The only way to defeat a terrorist is to out-terrorize them. You have to make them more afraid of you than you are of them.
Both economic expansions and economic contractions tend to feed off themselves.
The simplest reason NOT to have offshore wind energy: In any conflict with a sovereign adversary, an undersea cable cut would eliminate electricity for millions of people and businesses.
If we had an index for the happiest state in the country, I expect Louisiana would be the winner by far and away. Laissez les bons temps rouler!
Has AI become a mass psychosis for the technology, investor, and political crowds?
ECONOMIC NEWS
Economy
GDP growth is popping
While unemployment hits 4-year high
But jobless claims are starting to fall
While consumer confidence falls
Average car payment hits $750
Auto delinquencies keep rising
The Debt
Do we really need to slash the debt?
$10B a week to service our debt
US debt clock
Labor
HR needs to up its game
How AI may cause a labor shortage
The world of work over next 20 years
Less white collar, more blue collar
Health Care
Weight loss pill is coming
Older Americans quitting weight loss drugs
New weight loss drugs tailored to individuals
American seniors are over medicated
The Lone Star
Japanese solar company opens large Houston plant
Bloomberg channels this newsletter
New Austin nuclear start-up gets $100MM
Another CPG success in Austin
BUSINESS
Finance
The greatest PE trade ever
Mid-market PE has terrible fundraising year
Is there rot in private equity right now?
Private equity loses its luster
PE adds more leverage to get dividends
Real Estate
AI, the new real estate boom
Mortgage rates may not go down
Owners not selling because of cheap mortgages
Tech
Humanoid robots way overhyped
Zuckerberg has no moral compass
Meta board member resigns after 8 months
Meta buys AI device company
TV makers are gaming you
AI
Big tech hides $120B of AI debt
Alphabet buys power company
How AI will shape our future
Energy
Coal demand sets record
Hybrids are the future
A carbon removal environmental disaster
Battery storage capacity up 50+%
THE NATION
Politics
Here comes the Trump warships
Trump gives federal workers more paid holidays
Trump remains obsessed with Greenland
Policy
Garnished pay coming for student loan deadbeats
Trump halts offshore wind
$3,000 if illegals self-deport
Trade
Customs crackdowns hurting small importers
US postpones China chip tariffs
China thwarts US Panama Canal deal
Venezuela losing its oil tankers
Fearing tariffs, drug companies lower prices
Culture
Everyone wants to be a cowboy
Schools are preparing kids for yesterday’s jobs
Chicago mayor has lost his mind
Think of college like a junk bond
GEOPOLITICS
Global
Trump hits Nigerians terrorizing Christians
Afghani women are rising up
Japan to reopen world’s largest nuclear plant
Japan interest rates at 30-year high
Europe
Europe prepares citizens for war
Once-broke Greece pays off debt
France to upgrade naval fleet
Portugal home prices jump 18%
Ukraine
Zelensky pitches demilitarized zone
Does Russia want Ukraine, not peace?
US offers Ukraine security guarantee
Bomb kills Russian general in Moscow
Another bombing in Moscow
Ukraine goes after Russian oil tankers
And a gas processing plant
Middle East
Islamic State not eliminated, yet
US pitches Gaza economic boom idea
US hits Isis Syrian targets
Ousted Syrian generals plot a comeback
Is it time to hit Iran again?
Israel plans 19 settlements on West Bank
China
US bans Chinese-made drones
Has China caught up with the West on defense?
China cracks down on religion
China assists Russian drone-making
War Creep
Trump builds up Venezuelan-focused forces
Japan adopts new cybersecurity strategy
China adding big to nuclear arms effort
MAKING A BETTER YOU
Mind
Get more quiet time.
Why your brain needs everyday rituals
Why do our brains get tired?
Microdosing mindfulness works
Body
Get more outside time.
The Mediterranean diet is good for you
The joys of foraging
How your brain ages
FUN STUFF
Let your hair down, baby! Even if you’re all alone.
The Extraordinary
Whitby Krampus Run 2025, OH MY!
Why humans love to travel
The ancient origins of your dog
Music That Found Us
Joe Ely, RIP
“She Never Spoke Spanish to Me”
“Me and Billy the Kid”
“If You Were a Bluebird”
“Johnny’s Blues”
Worth a Watch
Marty Supreme is supreme.
The Testament of Ann Lee is soulful.
Song Sung Blue channels Neil Diamond.
The Yum Yums
Leftover pecan pie bread pudding
French dip sandwiches
Turkey tetrazzini with spinach and mushrooms
Ham, spinach, and cheese lasagna
Mini ham casseroles
Salmon flatbread
PARTING THOUGHTS
Many a man thinks he is buying pleasure, when he is really selling himself a slave to it.
– Benjamin Franklin
IN CASE YOU MISSED IT
AI Is a Bubble
December 19, 2025
The Wasted Economy
December 12, 205
Headhunter’s Secrets: It’s All About the Story
December 10, 2025
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