Nobull Premium

Lockdowns Tipped the Balance of Power to Employees in Low-Cost Cities

Lockdowns Tipped the Balance of Power to Employees in Low-Cost Cities

Why has consumer spending held up so well during a period of huge and punishing inflation? As it turns out, the long-term impact of the covid lockdowns was most notable for the lowest income demo who saw their hourly wages increase the most relative to all other earners. While this momentum is slowing, this development continues to have important implications for inflation prospects and the start of the 4Q22 corporate earnings season.

read more
The Auto Industry’s Take on the Economy

The Auto Industry’s Take on the Economy

Sales of big-ticket items like cars and houses are certainly pressured by the current economic conditions. Sales of new cars remain -17% pre-covid levels even as supply comes online at the same time used car sales are falling off the cliff. Consumers seem to be allocating financial resources that used to pay for housing & transportation to necessities like food & affordable luxuries for the time being.

read more
Did Investors Forget about December’s Bomb Cyclone?

Did Investors Forget about December’s Bomb Cyclone?

December’s preliminary retail sales release spooked investors who smell a recession. Normally, this would be a boost to stocks because of expectations that the Fed might start to adopt a more dovish stance. However, this represents the first time that investors have finally come to believe that Powell & company intend to keep interest rates inflated, even if hell freezes over.

read more
Noblesse Oblige for the Masses

Noblesse Oblige for the Masses

A healthy society is marked both by a healthy distribution of wealth along by an investment focus on productive assets that can help all of society. An unhealthy society is marked by a concentration of wealth in the hands of a few who are focused on preserving their ability to purchase self-indulgent pleasures.

read more
Become a Member