The Podcast
We cover the latest from the travel and leisure industry, the economics of the food delivery market, and musings from the latest Berkshire Hathaway Annual Report.
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The Podcast
In this episode of The Transcript Podcast, we cover the rising optimism that the second half of 2021 will be better, the high e-commerce ambitions of Walmart, and the new form of internet identification that is UID 2.0.
The Newsletter
Vaccines continue to be administered and supply will likely open up, even more, starting in April. Consumers have been dreaming of a return to normal and we appear to be at the cusp. The result of vaccination could be an explosion of pent-up demand for hardest-hit industries and a much better second half than people expect. Still, strong demand is putting pressure on supply chains and creating inflationary pressures. Given that stimulus is dependent on a K-shaped recovery, normalization could bring its own economic disruptions.
The Podcast
In this episode of The Transcript Podcast, we cover the semiconductor supply issues that automakers are facing , why policymakers don’t seem bothered by rising inflation expectations and the reshuffling in the housing market..
The Newsletter
Animal spirits are driving momentum across the economy, especially in capital markets. There’s hundreds of billions of dollars waiting to be invested via vehicles like SPACs. Valuations are extreme, yet they are justified by low interest rates. Meanwhile demand is exceeding supply in industries like semi-conductors, housing and transport. Companies are citing inflationary pressures. But the Fed and Treasury are united behind continued stimulus. “We have the tools to deal with that risk.”
The Podcast
In this episode of The Transcript Podcast, we cover the supply chain constraints that many manufacturers are facing, the explosive growth in gaming, and the worries surrounding the impact of Apple’s iOS 14 IDFA privacy changes.
The Podcast
In this episode of The Transcript Podcast, we cover the market madness that prevailed in the past week, the pockets of inflationary pressures brought about by bottlenecks in the supply chain, and the record earnings from big tech that flew under the radar
The Newsletter
Markets went haywire last week thanks (so the story goes) to some retail traders in a Reddit forum led by a man named Roaring Kitty. It was hard to pay attention to much of anything else in capital markets, but it was also a busy week for earnings. Industrial companies said that demand was “very, very, very strong” and there was an abundance of commentary on price pressures. Jerome Powell isn’t worried though. Game on!
The Podcast
In this episode of The Transcript Podcast, we cover the new US administration’s intentions on stimulus and taxes, trends in telehealth, the proliferation of SPACs, and heightened margin trading by retail traders.
The Newsletter
Succinct Summary: The US got a new President last week, and the new administration is pledging more stimulus. The economy continues to chug along though and there are signs of tight capacity in some segments, especially transportation networks. Could additional stimulus lead to higher-than-expected inflation?