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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— JSC (@JSCCapital) 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
https://twitter.com/DavidSchawel/status/1392870798759759879
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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