Doom & Gloom vs. Hype + UPS Drivers, Phil Mickelson & a Weekly Inflation Update
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Show Notes
We start this week by looking at perma-bear prognosticators and on the flip side, the excitement and danger behind the hype of the “next big industry”. And staying on winners and losers, we’ll examine UPS drivers, the decline in petroleum interest, and Phil Mickelson’s eye-opening bets. We will, of course, finish with our weekly inflation update.
Key Takeaways
- [00:17] - The doom-and-gloom-ers are back
- [07:49] - The winners and losers of darling tech companies
- [12:50] - It’s a good time to be a UPS driver
- [13:50] - While oil is up, undergrad interest is way down
- [18:31] - Phil Mickelson’s bets
- [21:06] - What’s driving the decline in inflation?
Links
- John Hussman predicts extreme bubble in stocks will end in tears
- WeWork - from $47 billion to $270 million
- NVDA joins 99 companies with the highest P/S multiple within the 500 largest stocks
- From Apple to Amazon, the staggering cash-on-hand numbers
- Full-time UPS drivers will earn $170,000 a year, on average, in new contract
- Undergrad enrollment in petroleum engineering down 75% over the past 10 years
- Vanguard Energy ETF
- Since 1995, US Airfares have increased 29% on a nominal basis but have actually declined 36% after adjusting for inflation
- New book alleges Phil Mickelson wagered over $1 billion, tried to bet on Ryder Cup
- US CPI has moved down from a peak of 9.1% in June 2022 to 3.2% today
- The demand for mortgages has evaporated
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Disclosure
The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.