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On today’s show we discuss:
- Jeremy Siegel sees 20% inflation over the next 3 years
- Barron’s: Inflation is here and rising
- Also Barron’s: Don’t worry about inflation
- Also also Barron’s: The economy is humming
- Dogecoin outmemeing Bitcoin
- There are no more starter homes
- Amazon is going on a hiring spree
- AirBNB Q1 Letter
- An update on ARKK
- Why investors always underperform hot investments
- Top Shot is getting sued
Listen here:
Recommendations:
Charts:
Tweets:
0/ Some interesting movement in the $BTC space.
Realized cap or the theoretical cost basis is now >$20.1k; yesterday's "close" was a 116.4% premium to that level, the lowest difference since 11/4/20 which suggests some may be trying to protect gains as they get closer to b/e https://t.co/JebYJayhoX pic.twitter.com/03A4PCaTmE— John Street Capital (@JohnStCapital) May 18, 2021
Fund managers are shedding their Tech holdings rather quickly @SoberLook @BankofAmerica pic.twitter.com/JENLl41uhI
— Liz Ann Sonders (@LizAnnSonders) May 18, 2021
Could this have something to do with it 🙂 pic.twitter.com/qAI3rI324q
— Jeremy Schwartz (@JeremyDSchwartz) May 12, 2021
CPI — Biggest increases MoM: pic.twitter.com/XVB3vHjM6a
— Michael McDonough (@M_McDonough) May 12, 2021
"Wage growth has increased more for lower-income workers, who say they would need a much higher wage than before to accept a job” – GS pic.twitter.com/sC7Boftqyh
— Sam Ro 📈 (@SamRo) May 14, 2021
Goldman: “generous UI benefits have put upward pressure on wages, particularly for lower-income workers, whose self-reported reservation wage—the lowest they would accept for a new job—has increased 21% since fall.”
Still, expects labor supply constraints to disappear this fall pic.twitter.com/LvlVNFwQKm
— Kelly Evans (@KellyCNBC) May 14, 2021
Eventually Americans will realize we are not entitled to have people serve us food, cut the grass, watch our kids, and drive us places at rock bottom wages. https://t.co/VitxEsHAf0
— David Schawel (@DavidSchawel) May 13, 2021
U.S. households own about $32 trillion in owner-occupied real estate, $11 trillion in debt, and the remaining $21 trillion in equity. In inflation-adjusted terms, homeowners have an average of $257k in equity, a historical high. pic.twitter.com/ekwgi8L4XK
— Odeta Kushi (@odetakushi) May 14, 2021
Coinbase is committed to being remote first. We announced we no longer have an HQ and as a next step, we’re closing our SF office (our former HQ) in 2022.
— Coinbase News (@CoinbaseNews) May 5, 2021
In 1997, my 2nd year as a sitcom writer, NBC had EIGHTEEN half-hour comedies on their fall schedule.
NBC just announced next year’s fall schedule. It will contain ZERO comedies.
I think I’d have a more marketable skill, in 2021, if I was a blacksmith or a telegraph operator.
— Bryan Behar (@bryanbehar) May 14, 2021
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