First it was COVID shutdowns. Then it was the Ever Green wedged in the Suez Canal (remember that?). Now, it’s a national shortage of truck drivers, warehouse space, and shipping containers … and it’s impacting businesses nationwide. Close to 96% of small business owners report that supply chain disruptions have impacted their business. Has it […]
The Many Saints of Newark trailer hits!
[embedded content] Can’t wait! This fall! Finally!
The wage inflation is going to stick
[embedded content] More youtube from us, subscribe here. Get the whole podcast on your favorite app right here: The Compound and Friends I wrote about this topic other day in case you missed it: It can’t be transitory (TRB)
It can’t be transitory
Let me tell you a fairy tale… A massive recession hits and the boss of a company – let’s say they make shoes – gathers her employees into the main headquarters for an all-hands meeting. Everyone is there, from the executive vice presidents to the guy who waters the plants. And she says, “Here’s the […]
This is why
My friend the homebuilder has been waiting for a hinge for the last three weeks. A hinge. Can’t get it. Still on order. In America. You can’t buy a home now and seriously expect to be doing any kind of remodeling work with a straight face. The cost for everything is up 100% plus. Everything. […]
Of course they’re going to talk about tapering
Two weeks ago I talked about how and why the taper talk was coming any day now. Yesterday we got the first blast of it. This is the from the minutes of the April Fed meeting, released this week (via CNBC): Federal Reserve officials at their April meeting said a strong pickup in economic activity […]
Josh + Haley team up for Mother’s Day
I’m very excited to announce a new initiative we are going to be helping out with. My friend Haley Sacks of Mrs. Dow Jones and Sophia Jennings are now taking applications from working moms who have been impacted by the pandemic. The goal is to help them get their finances on track as they rebuild […]
I’m Outside Today
Best feeling on earth for me – spent yesterday talking to some new Liftoff accounts on Zoom. Meeting some young people who we can potentially help a lot as they accumulate their first million, and I know we’re going to have an impact. The traditional wealth management industry hasn’t had a good answer for this […]
Powell: We’d rather clean up after a bubble than try to prevent one
Bank of America’s economists pull together some insights from Fed Chair Powell’s appearance on 60 Minutes this weekend. I thought this was the most interesting insight: Most Fed officials in recent years have endorsed an “asymmetric risk management” approach to potential asset “bubbles”: if bubbles are hard to identify and manage then allow them play […]
Why Direct Indexing is the New Killer App for Advisors
Michael Batnick says he knew from the start that direct indexing was going to transform his firm, New York City-based Ritholtz Wealth Management, where he is director of research. When CEO Josh Brown “and I saw this, I said to him, ‘The next billion dollars that we raise is going to be in this thing.’ […]