Welcome to This Week’s Leyendecker View
Write it on your heart that every day is the best day in the year.
– Ralph Waldo Emerson
THOUGHTS FROM DOUG
There have been 22 years between the last tech bubble (1999) and current tech bubble (2021). Will it be another 22 years before silly money is again thrown at silly things?
Sweden just discovered they have rare earth minerals needed for EVs and windmills. The hope is this will reduce dependency on China and curtail its rare earth dominance. This is great news, except it is supposed to take 15 years for miners to get the permits to start production. Fifteen years!!! The lunacy of man-made bureaucracy.
Yesterday a good friend sent me a photo of the sign in front of Khyber Grill, an Indian restaurant on Richmond Ave in Houston. It read: “Without freedom of speech, how would we know who the idiots are?” Indian immigrants speak their minds.
When we think the world is all stressed out, upside down, inside out, and doesn’t seem to make a lot of sense, we should probably realize this isn’t the first time in history such a feeling has existed. There is no progress without adversity.
As inflation continues to fall, it confirms that all inflation is transitory. And if the global economy continues to struggle, we may soon see headlines about a deflation crisis. One investment bank thinks that’s going to happen.
Inflation is always transitory. Growth is also transitory. Recessions are, too. Everything is transitory.
The saying “everyone is entitled to their own opinion” seems to have originated in 1946. I don’t think its originator envisioned that everyone’s own opinion could be blasted globally, every single minute of every single day.
Maybe the new saying should be: Keep your opinions to yourself…online.
In case you didn’t know:
We have a climate crisis. We have a housing crisis. We have a homeless crisis. We have a healthcare crisis. We have an opioid crisis. We have a democracy crisis. We have an education crisis. We have a global debt crisis. We have an income gap and inequality crisis. We have a gender crisis. We have a children’s mental health crisis. We have an overall mental health crisis. We have a psychiatric drug crisis. We have an obesity crisis. And, after the last election, we now have a federal debt ceiling crisis.
Feeling better now?
You’ve heard it here before: You should stop reading news.
If globalization retreats, will human oppression increase?
A good neighborhood is like a big family.
THE ECONOMIC VIEW
December retail sales down 1%
The new Christmas frugality.
THE INFLATION BOGEYMAN
THE LABOR VIEW
Union membership at record low
Yet a new union movement may be growing.
US job market is missing 2.6MM people.
Why they’re not coming back
Washington stimulus money
Will create new jobs
MEANWHILE IN EUROPE
Workers in France are striking
They don’t want to work until age 64.
Europe’s friendliest cities
In case you’re planning a vacation.
Davos CEOs not in a happy mood
Some worry about company failures.
PLAYING WITH FIRE
Russia’s business free-for-all
Necessity is the mother of invention.
Germany won’t give Ukraine tanks
Unless the US does, too.
THE FINANCE WORLD
The new bankers to the world
May not be on Wall Street
Banks up their loan loss provisions
A soft landing would turn these into profit.
The new 60/40 portfolio
Bonds over stocks today?
Investors are avoiding US stocks
Europe and emerging markets are the new play.
Is a rental home collapse coming?
Living in a volatile world.
Mortgage rates down to 6.15%
Maybe still too high to juice home sales.
NYC apartment market weakens
Air coming out of another bubble?
College student to the rescue
Creates an app to save writing and outsmart ChatGPT.
Could Apple disentangle from China?
This is what it would take
THE CRYPTO MEME
Bitcoin pops above $20K
Is this a “buy low” opportunity?
THE TECH WRECK
THE NEXT NORMAL
What makes a good society member?
Pew has done the research.
US consumers buying less wine
Young folks just aren’t into it.
THE WAR ON CARBON
Mexico bans solar shading experiment
Don’t mess with our air.
Swiss company sucks CO2 from the air
And then sticks it in the ground.
The Ukraine war in numbers
Alternative title: Climate policy’s destruction.
THE NEW ENERGY TRANSITION
John Kerry lectures Europe
We’re the climate leader now!
THE EV DREAM
What’s the future of battery recycling?
Former Tesla exec opines.
EVs have 10% global market share
Europe and China dominate sales.
$100 a month to rent an EV
This may come to pass in France.
THE CHINA SYNDROME
1 in 3 Congressmen
Got FTX donations
The government debt threat
What happens when we can’t borrow?
MAKING A BETTER YOU
The joy of slow reading
If you have the time.
Why sleep sucks as we age
Is there a work-around?
Life lessons from 1,000 years
What 90 year olds would tell their 32-year selves.
HOW ABOUT A BREAK
Can you hack the billion $ lottery?
Maybe a little.
Finds megalodon tooth on beach.
SONG OF THE WEEK
CASTING AROUND THE PODS
Rewriting the climate narrative
Glenn Loury interviews professor and Obama admin scientist, Steven Koonin.
VIDEOS OF THE WEEK
The sweet Belfast is top of the world.
One of my favorite films of 2022.
Hollywood insiders love this film.
Movies set for 2023 release
Here’s a list of the goodies.
FROM THE HEADHUNTER’S KITCHEN
Got the crud?
Recipes to make you feel better
4 yammy winter salads
New comfort food?
Was nothing but a fad
IN CASE YOU MISSED IT
Disruptive Science Is Declining
January 13, 2023
Has China Tech Broken Encryption?
January 6, 2023
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