Author: Kevin Bae
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Large U.S. banks poised to loosen requirements to get credit cards
Banks are looking to share data about customers in order to issue them credit cards. While good for some people who need credit cards and are responsible this is likely to open the floodgates to easy credit for people who maybe should not have it. It reminds me of relaxed mortgage requirements from 2005 through…
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It was a rough day today and may get much more rough in the near future
The last couple of days have not been kind and today was worse than yesterday. But, in context it’s not all that bad if you consider where the market was at the beginning of 2020 versus where it is today. All that said I think investors should be extremely cautious right now because sometimes when…
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Consumer prices rising a result of government COVID-19 response
Prices are rising sharply. Sharply in relative terms as compared to the past decade or more. But what did we expect when governments of the world shut everything down for COVID-19? Economic activity stopped. In order to keep things propped up stimulus was passed that far exceeded anything seen in modern times. People at first…
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WSJ searching for the pin that will pop the current economic bubble
I expect this will be like all the previous bubbles. We only found out what the pin was after the bubble popped. The Fed report this past week said the virus remains the biggest threat to the economy and thus the financial system. April’s jobs disappointment was a reminder of how unsettled the economic outlook…
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Wall Street Journal reports on inflation… again
These stories keep popping up. I don’t think this bodes well for the U.S. economy over the next few years. Costs are rising at every step in the production of many goods. Prices for oil, crops and other commodities have shot up this year. Trucking companies are paying scarce drivers more to take those materials…
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The Yield – Week ending May 7, 2021
News and info on stocks in my portfolio for the week ending May 7, 2021