The Economy Might Be in Jeopardy. Here’s Why.

https://www.youtube.com/watch?v=hfFxQ3LY9-A

People aren't returning to demeaning jobs; Hamptons labor shortage proves my point.

I think that this is an interesting take on the current economic situation.

https://www.youtube.com/watch?v=u6dYdlbVteo

Re: Who owns this country?

He appears to be talking about Mutual Funds or Exchange Traded Funds, which are actually owned by individual investors.  I have some of these in my retirement account.

Tik Tok is owned by China.

On Thu, Jul 22, 2021 at 2:17 PM al  wrote:

I don't know how much of this is true, but I thought you might be interested:

https://www.tiktok.com/foryou?_d=secCgYIASAHKAESMgow9Ep63lb9fac3t2QjisvFxTwGPCWagJMJGZS%2FzS%2FHEGJrVSrHFaHDKxMyEJ1BgUKnGgA%3D&checksum=035258638e0b45f1b4e3191c4405272cfd3357b4b45a903295961b3d39f8cee7&language=en&preview_pb=0&sec_user_id=MS4wLjABAAAAUkwagEjrIIQxeLBcl6WBxv8f_XtgRdyxQifhwA75IEwBwUYCcidibasG7YoovtG6&share_app_id=1233&share_item_id=6983064276940426502&share_link_id=8f189ceb-a177-49f8-8107-96e061e5f96e&source=h5_m&timestamp=1626792943&u_code=ddj8ddl7djei4g&user_id=6855822125934576645&utm_campaign=client_share&utm_medium=android&utm_source=messenger&_r=1&is_copy_url=1&is_from_webapp=v1&item_id=6983064276940426502#/@bravorighteous/video/6983064276940426502

Housing prices

Although the Zillow estimate on housing value might not be perfect, it is a pretty good judge of which way the market is going.

The housing prices in Salt Lake City have gone through the roof. The house that I paid $130,000 back in 1999 is now estimated to be worth $647,000. I sold it for a fraction of that.

Indiana is not as bad, but it seems recently that prices have taken off. The home I purchased less than 3 years ago is up by 25% from what I paid. My previous home in New Whiteland that I paid $120,000 for six years ago is now estimated to be worth $220,000.

The key point is that I could not afford to move if I wanted to. I would have to sell my home first or make my next purchase contingent on selling my home first.

--

Best wishes,

John Coffey

http://www.entertainmentjourney.com

Why There are Now So Many Shortages (It's Not COVID)

https://www.youtube.com/watch?v=b1JlYZQG3lI

How China Broke the World's Recycling

https://www.youtube.com/watch?v=KXRtNwUju5g

CRYPTO CRASH. I'M DONE (as a millionaire)

The first seven minutes give a pretty good reason why as to why cryptocurrency might be a bad idea.  The rest is just technical analysis.

https://youtu.be/y--7HycnXF0

https://www.youtube.com/watch?v=iomRREashI0

https://www.youtube.com/watch?v=igOmWeHMunw

https://www.youtube.com/watch?v=BaTL0Ae2Ha4

Bitcoin has no value other than the willingness of other people to buy it or accept it as payment.  This is called the "bigger fool" theory, where you hope that there is a bigger fool than you out there.

I could have bought bitcoin at $5, $50, and $5,000.  I could have made a fortune.   During an inflationary period, some assets will increase in value.  Someday Bitcoin could be worth a million dollars.  However, the moment that people decide that they don't want it, it could lose all its value.  Likewise, the government could regulate it out of existence.

https://www.youtube.com/watch?v=4ByO8ym-iF8

https://investorplace.com/2021/05/ethereum-price-predictions-one-big-reason-analysts-think-eth-can-dethrone-bitcoin/

https://youtu.be/KSudZ-7x7Zc?t=595

Kroger closes 2 Southern California stores over $4 per hour 'hero pay' ordinance | Fox Business

https://www.foxbusiness.com/economy/kroger-closes-california-stores-hero-pay-ordinance

This is why we can't have nice things

This is interesting.

https://www.youtube.com/watch?v=j5v8D-alAKE

Inside Apple's $5 Billion Headquarters

As great as Apple Park is, it doesn't seem very cost-efficient.

https://www.youtube.com/watch?v=T9dJ_cE5Asw

China's Reckoning: Demographic Collapse

This is deeply fascinating.  I wanted to hear more about whether the U.S. has the same problems.

https://www.youtube.com/watch?v=vTbILK0fxDY

Why mainstream media's slander of wall street bets pisses me off regarding GME.

This is interesting.

https://www.youtube.com/watch?v=4EUbJcGoYQ4

I think that Gamestop will eventually go out of business.  There is a very strong trend toward buying or renting videogames off of the internet.  Retail sales of games can't last more than a couple of years.   Video is headed in the same direction.

Games were distributed on media because that was the only practical way to transfer large data.  Storage of the data was also an issue if you had a bunch of games.  These are no longer limitations.