September 25, 2020

Don’t bet on a coronavirus vaccine saving the economy

While there is a lot of talk about a vaccine saving us, much of that talk isn’t supported by scientific evidence.  Some key points: Most vaccine candidates are not designed to prevent the spread of coronavirus.  The virus would still spread even if it causes less serious disease. There are mixed indications about whether or […]

Two Big Trends I’m Thinking About For the Future

Two of the most counterintuitive trends during this pandemic are the strength in the real estate market and this country’s undying love for speculation. Each of these trends could play a role in what I consider two potential bull markets of the future: (1) The financialization of home equity (2) Sports gambling Let’s start with home equity first. According to the Wall Street Journal, Americans with mortgages h...

Animal Spirits: It’s Hard Being Rich

We discuss: Is consumer debt out of control? Lots of people and businesses are still in a world of financial pain Why hasn’t technology played a larger role in helping with the pandemic? Is it ok for rich people to complain about being rich? Why do so many famous people need therapy? You don’t achieve your way out of depression Maybe buying expensive stocks isn’t that bad of an idea Why are there outflo...

SPACs are still bulls***

I almost slipped and bought into the SPAC Renaissance. Almost. Draftkings looks legit. But Draftkings could have been a true IPO. The SPAC wrapper was beside the point. Chamath and Ackman will probably do something legit, those guys usually find a way to win. Maybe a few others. The rest are / will be garbage. My first impression was right. Nikola’s stock has now fallen from near 100 down into the 20’s as the guy’s ...

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Household Net Worth Explodes: What Are Your Thoughts?

Join Downtown Josh Brown and Michael Batnick for another round of their favorite game, What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: US household net worth just hit a fresh record all-time high. Huh? The new investor class is much more diverse, with the racial gap in stock ownership rapidly disappearing. Great news, now what? IsnR...

The post Household Net Worth Explodes: What Are Your Thoughts? appeared first on The Reformed Broker.

Household Net Worth Explodes: What Are Your Thoughts?

Join Downtown Josh Brown and Michael Batnick for another round of their favorite game, What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: US household net worth just hit a fresh record all-time high. Huh? The new investor class is much more diverse, with the racial gap in stock ownership rapidly disappearing. Great news, now what? IsnR...

The post Household Net Worth Explodes: What Are Your Thoughts? appeared first on The Reformed Broker.

Is the Ford F-150 Partially Responsible For the Retirement Crisis?

The Wall Street Journal recently shared the story of a couple who is struggling because the pandemic has upended their income and job situation. To make matters worse, they’re dealing with a massive amount of consumer debt: The Denton, Texas, couple pay $4,400 a month on their mortgage, four car loans and leases, and student debt, Ms. Scott-White said. Minimum required monthly credit-card payments total about $700. ...