October 28, 2022
The storms of life make us stronger. Embrace them.
– Bear Grylls
THOUGHTS FROM DOUG
Why would anyone sell a house with a 3% mortgage to buy a house with a 7% mortgage? Those who stay put in their current homes may see better returns on home improvement investments.
In expansions, our wants become more important than our needs. In recessions, our needs become more important than our wants.
The head of Gallup has written a book, called Blind Spot, that suggests governments are not in sync with their citizens.
Maybe this is how things work: First comes higher interest rates. Then corporate earnings decline because of higher-interest costs. Then employment declines after corporate earnings decline. Then corporate earnings decline further because more unemployment means lower consumption. Then employment declines again. Then the Fed steps in with lower rates.
Wouldn’t it be refreshing if our next president promised to all US citizens that there will be no more lying and then kept that promise?
Lately, I’ve been wondering if bureaucracy has actually replaced democracy. Did you see the story about San Francisco spending $1.7MM for a single-toilet bathroom?
Some climate activists glued themselves to the ground in a Porsche museum. Some other ones threw mashed potatoes on a Monet. Others threw soup on a Van Gogh. And then there was the chocolate cake episode. I wonder how any of these folks would fare on an episode of Survivor.
End of the day, we just gotta surf the wave that’s in front of us.
THE ECONOMIC VIEW
Advertisers are hitting the breaks
TV ads are almost in free fall.
The restaurant boom may be over
It’s getting too expensive.
THE INFLATION BOGEYMAN
Employee health insurance costs $22K a year
And it’s about to go up.
Chickens and turkeys to cost more
As bird flu ravages US stocks.
Coca-Cola reports higher profits
Because they raised prices!!!
THE LABOR VIEW
Q3 wages showed strong growth
But recessions increase unemployment.
Work is dangerous for workers
Suggests the US Surgeon General.
4 years is the median company tenure
For today’s workers.
THE UK MELTDOWN
The UK is a credit risk
MEANWHILE IN EUROPE
ECB raises rates by 0.75%
Get your Euros before they go up.
Will the energy crisis
Crush European industry?
PLAYING WITH FIRE
Russia’s oil power “will never return”
Putin has really mucked it up.
Russia threatens attack on satellites
Those are Western assets, you know.
Russia to carry out nuclear “drills”
More scare tactics.
Russia destroys Ukraine infrastructure
The freeze-them-to-death strategy.
WILL THE FIRE SPREAD?
China improves their hypersonic missiles
They can travel 1,550 miles without detection.
Who has all the nukes?
How many earths can we destroy?
South Korea triples arms exports
War is good for some economies.
From offshoring to friend-shoring
Not total deglobalization.
The unhappiest people in the world
Here’s where they live.
Canada supports euthanasia
Which naturally generates controversy.
THE FINANCE WORLD
Credit Suisse posts $4B loss
They need to raise billions to survive.
The VC market feels the burn
The easy money is behind us.
Are full steam ahead.
Global cities’ real estate bubbles
Where are they the biggest?
THE CRYPTO MEME
Crypto defined in 40,000 words
40,000 words…uh…I’ll skip it.
Bitcoin ETF is one year old
And worth half its initial value.
VC crypto investment plunging
Does crypto have a future?
THE NEXT NORMAL
Singapore politicians are TikTok superstars
Get with it, Western politicians!
Gamers have higher brain function scores
But how about their social scores?
Oregon decriminalized drugs two years ago
And addiction problems got worse.
THE WAR ON CARBON
Europe bans the ICE vehicle
Starting in 2035.
2020 California forest fires
Negated almost 20 years of emissions cuts.
Renewables more at risk of cyber attacks
So says the DOE.
Oilfield giant open to renewables
Schlumberger broadens its focus.
THE NEW ENERGY TRANSITION
Solar farm rejected in Texas
NIMBY citizens squash deal.
THE EV DREAM
Gigafactories needed to recycle EV batteries
What will their carbon footprint be?
Let’s jump ahead of EVs
And consider the all-solar car
The best US road trips
Probably won’t be achievable in an EV
THE CHINA SYNDROME
China tightens covid restrictions—again
Not good for any economy—or human living under these conditions.
May have a slave problem
Biden’s China chip ban
May have already been circumvented
MAKING A BETTER YOU
How to choose your next book
In case you read books.
Does money make you happy?
Maybe, but not all the time.
The end of real social networks
Living in a derivative of the real.
HOW ABOUT A BREAK
How to really carve a pumpkin
This woman is a genius!
Before there were all manner of gadgets
There was the sky
Why did Judas betray Jesus?
Gospel translation offers a new perspective.
SONG OF THE WEEK
VIDEOS OF THE WEEK
Raymond and Ray
A nuanced film, not a blockbuster movie.
Sometimes there is no plan.
UFO believers and locals
Contemplate UFOs near Area 51
CASTING AROUND THE PODS
Simple rules for happiness
Shane Parrish interviews author Neil Pasricha.
FROM THE HEADHUNTER’S KITCHEN
How to cook a duck breast
Want to live a long time?
Eat these 14 foods
Winter squash season is coming
Here are some tasty recipes
IN CASE YOU MISSED IT
The Great Unretirement
October 21, 2022
Manufacturing Employment Is Rising
October 14, 2022
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