Headline Hodgepodge
Welcome to the Schmoozeletter Blog. Your source for weekly water cooler wisecracks from the world of finance. If you have an opinion different than mine or a topic you want to hear about, let me know!
This week, Mr. Market breaks to new highs again as he stays hotter than the July weather. It’s hot. We’re in the dog days. Volume is low. Action is low. And snark is high. This is…
Headline Hodgepodge
The IRS says tax-exempt religious organizations can funnel money to political candidates.
Nothing says separation of church and state like:
“Your God wants you to vote for Ronnie Forknugget!”
President Why-You-Asking-About-The-List keeps the witch hunt of Fed Chair Powell rolling.
In case anyone cares about actual Truth, the interest rate is set by 12 members on a committee who get together and review economic data. Then they vote to make changes in an extremely public and formal process.
It isn’t just one jackass sitting in an ivory tower and pulling the levers of the economy based on how he feels that day or what nation’s leader he’s boys with.
That sure would be a silly way to do things.
We saw NVDA cross the $4 trillion valuation mark.
That’ll buy you quite a few leather jackets.
We saw BTC cross a new all-time high.
That’ll buy you quite a few… oh wait, you’re not supposed to sell or use Bitcoin. You just HODL it forever and talk about how it will never stop going up.
Bezos sold 775 million dollars’ worth of AMZN stock.
Poor guy is only left with about $200 billion worth. This is like someone with $100k pulling out $387.
Only $50M on the Venetian wedding? Kinda cheap, Jeff!
Our leaders said Epstein, the guy paid millions of dollars by clients for human trafficking over a thousand victims, didn’t have any clients.
“We’ve investigated ourselves and found no wrongdoing.”
They also said this new tax bill was a good idea.
Only $3.4 trillion to the deficit over the next decade while taking away millions of people’s health insurance.
You figure it out, future generations!
At least they are cutting any incentives for sustainable energy that would help those pesky tykes.
Drill, baby, drill!
When are we running out of oil again?
Sorry, kids. The boomers needed it.
Anywho… stay cool out there!
Final Thought
Payday.
