Mike's Content

on Sunday, 3 January 2021 17:06

Chicago has recorded 774 murders in 2020 a 50%+ increase over 2019 – gun violence increased 52% to average 9 shooting a day – adding more fuel to the intense “defund the police” debate.
~ Chicago Sun Times

Posted by Michael Campbell

on Thursday, 31 December 2020 12:29

Morgan Stanley: “we expect 8 of the G10 central banks to remove a combined US$304 billion of securities on average, from private markets every month in 2021. ” – Zero Hedge

Incredible stat – don’t underestimate the bullish significance of central banks taking $3.7 trillion in 2021 from private markets. On Moneytalks we’ve forecasted 40,000 plus on the Dow for 7 years (in writing) – this will be a significant driver but there are others – tune into Moneytalks for other key drivers that we’re watching.

4 Ways to Handle the Massive Increase in Deficits and Debt?

on Thursday, 31 December 2020 12:24

  1. Economic growth
  2. Raising taxes
  3. Inflation
  4. Reduction of government services.

Cuts aren’t on the table and no indication that economic growth is a priority…so that leaves taxes and inflation…be prepared.

“A country can’t inflate its way out of debt. Inflation raises the cost of living, reduces the real value of incomes, harms creditors at the expense of debtors, raises interest rates. Inflation destroys the value of a currency. Stable money is as important as the Constitution.”
Brian Wesbury, Chief Economist, First Trust Portfolios

 

Headline of the Year?

on Wednesday, 30 December 2020 10:55

China Inc will recycle used white guys

American company men may find a savior in China Inc. As corporations try to make their ranks more ethnically representative, many experienced – if white and older – males will find themselves without a job. Chinese companies, deterred from acquiring U.S. firms with valuable intellectual property, can recruit their discarded human capital instead.

Some of the largest U.S. companies are moving quickly to rebalance their headcount. At Apple, for example, women made up 38% of workers under 30 in 2018 versus just 31% four years earlier. The share of under-represented minorities in that group rose 10 percentage points to 35%. Meantime the employment-to-population ratio of white men fell from 76% in 1972 to 67% in 2018.

The coming year should be a banner on diversity… CLICK for complete article

The Wall Street Journal’s Best Columnist Absolutely Nails It

on Wednesday, 30 December 2020 10:20

“The professional class of politicians, media people, scientists and credentialed chatterers care about business in the abstract—“small-business bankruptcies” concern them; they have a sense some people will lose livelihoods. But they have no particular heart for them. They never betray any appreciation of the romance of opening a place and being your own boss and offering a good product and being part of the town and being a success. They don’t understand the sacrifice it takes. Or that the shuttering of a store is, literally, the death of a dream.”

Peggy Noonan, WSJ columnist