Mickey Kim and Roger Lee: McD’s $5 Meal Deal is not a happy economic indicator
This initiative is meant to reaffirm McDonald’s commitment to value, a foundational element of its brand identity.
This initiative is meant to reaffirm McDonald’s commitment to value, a foundational element of its brand identity.
According to The Wall Street Journal, the latter category was almost nonexistent four years ago (before the SEC’s new rules) but has exploded in popularity, taking in $31 billion of new investor money over the past 12 months and bringing total assets to $120 billion.
Bitcoin ETFs provide investors a pathway to participate in crypto without necessitating direct ownership of digital assets.
After fears that the Federal Reserve’s slamming on the monetary brakes to combat soaring inflation would crush economic activity, optimism abounds that the Fed has pulled off a miraculous “soft landing.”
According to Kelley Blue Book, the average price paid for an EV in September was $50,683, down more than 22% from one year ago (but still a healthy premium compared to internal combustion vehicles).
We’re unabashedly “old school” investors who view stocks as ownership interests in the underlying business (not just ticker symbols traded millions of times a day) and value stocks based on future profitability (not what we think the next “sucker” will pay for it).
Fitch warned on May 24 its AAA rating for the United States was at risk as the June 1 “X-Date” on which the country would default rapidly approached.
The widespread adoption of smartphones led to the creation of an entire industry promising to make transferring funds quick and easy at any time, day or night, with a couple of clicks.
To gain a better understanding of the debt ceiling, think of the federal government as your spendthrift friend who, despite best intentions, consistently spends more than he earns.
At the same time, we can’t help but see the similarities between the hype surrounding how AI is going to disrupt the way we live and learn with the excitement over how cryptocurrencies were going to replace government-issued currencies and “de-fi” (decentralized finance) was going to render our current financial system obsolete.
Indeed, the very first Bitcoin was “mined” in 2009. By late 2021, the market value of cryptocurrencies reached a staggering $3 trillion.
The combination of COVID and Russia’s invasion of Ukraine delivered the coup de grace to globalization by exposing the fragility of interdependence and risks of offshoring.
Warren Buffett famously said, “It’s only when the tide goes out that you learn who has been swimming naked.” Indeed, ultra-low interest rates were the tide that lifted all boats.