“A philosopher once asked, “Are we human because we gaze at the stars, or do we gaze at them because we are human?” Pointless, really…”Do the stars gaze back?” Now, that’s a question.”
Source: Neil Gaiman
I do not have the words for what is currently happening.
There is so much uncertainty. It is almost crushing, the sheer weight of the unknown. I didn’t realize that it would be so heavy. I didn’t understand how much I relied on knowledge, on the fact that today would at least be similar to tomorrow, that yesterday was like today, and that this would repeat indefinitely.
I didn’t realize how much I was taking for granted.
Everyone always tells you to carry cash. My dad has drilled that into me and my brother since we were young, and it’s proven correct more times than once. However, I still never carry cash. The cost of going to the ATM, getting cash out, and then actually carrying a wallet is simply too high for me.
How do you value pieces of paper? What creates currency? What makes the dollar a reserve currency?
There are several different models used to value currency, including Purchasing Power Parity and the BEER (Behavioral Equilibrium Exchange Rate) model, amongst others. There are several variables that go into those models, most notably conditional expectations, current rates, term premiums, national savings/investment, demographics, and interest rate differentials.
Starbucks created the “coffee experience” which was their economic moat in the beginning and has deteriorated over time for numerous reasons
Howard Schultz (Founder and Former CEO) & Scott Maw (CFO) leaving will create temporary headwinds and investor concern
Success in China is necessary for the success of the company
SBUX is America’s favorite drink – the one that costs a little bit more than we would like, but is addicting. Coffee is a staple of most American’s mornings – wake up, grab a cup, and go to work. SBUX has made it into a “Starbucks Experience”, creating the stores into a place where you can go to catch up with friends, a job interview site, and a place to study for finals, fueled purely by caffeine.
WWE is known for ” purely entertainment-based, featuring storyline-driven, scripted, and choreographed matches, though matches often included moves that can put performers at risk of injury if not performed correctly.”
I thought that outline was fitting for what is currently happening in our macroeconomy.
I’ve done a couple of pieces like this before – a general market update, a way to stay engaged and plugged into what is going on. This one is more speculative than usual. There is an absolute barrage of overwhelming information out there, and its hard to make sense of it all.
But that’s why Scanlon on Stocks exists – to help that information seem a little bit less overwhelming.