I live in the USA and I am concerned about the future. I created this blog to share my thoughts on the economy and anything else that might catch my attention.
Another look a NVDA
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I've looked at NVDA a couple times, in *August 2023 *and *January 2024*.
On Saturday 8/26/23 I said the action in NVDA stock looked like it was
topping....
Quantifying Trickle Down in Real Average Earnings
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I studied a handful of economic measures to see their affect on Real
Average Earnings. I used the following series from the St. Louis Fed FRED
system:
...
Spent cash on China's highways Trillions on a dare Warm smell of inflation Gasoline price despair What's ahead in the distance? Are we planning our next fight? My bills grow heavy and my cash grows slim Got a payday loan last night My IRA trades sideways I hear the closing bell And I was thinking to myself Should I be buying or should I just sell? China's up while I fiddle And it blows me away Some shorted stocks to their horror I thought I saw them pay
Welcome to the Chinese bubble mania Such a lovely pace Such a lovely craze Plenty of cash in the Chinese bubble mania Any time of year, you can go long there
Billions are tiffany-twisted, they're buying mercedes benz They've got a lot of paper, paper cash, that we once sent They drive from the shipyards, sweet lucky bets More drive we remember, more drive we regret
So I called up my broker Margin would be fine He said, "You haven't had that spirit here since nineteen ninety nine" And still those dollars I'm sending so far away Wake me up in the middle of the night As I bet my pay
Welcome to the Chinese bubble mania Such a lovely pace Such a lovely craze We're livin' it up in the Chinese bubble mania What a nice surprise, hope they tell no lies
Mirrors out the rear view Makes me load up my dice And it seems we are all just prisoners here Of our own device And in the crowded markets We gathered for the feast 'flation stabs with its steely knives The Fed just can't kill the beast
Last think I remember, I was Running for the door I had to repatriate dollars To where they were once before "Relax," said the "blind" man Stocks are programmed don't you see You can buy them any time you like But you can never leave!
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