Thursday, February 10, 2022
1. **WARNING**……you will likely be paying a lot more for your burritos in the future!! Annual inflation numbers came sliding across the finish line today at 7.5% (Fun Fact: when I mentioned above that Chipotle has raised prices YTD in 2022…..they did so by 6% which was basically the expectation. And we the people can’t stand for Chipotle getting screwed!!!) The inflation was higher than anticipated (these aren’t good surprises people!) and biggest swing since THE most important year of our lifetime (1982…..the year a few important people on this chain were born). PUBLIC SERVICE ANNOUNCEMENT: So, what’s the key to not being negatively impacted by inflation, regardless of how high it goes?? Make enough money that you don’t give a f*ck about inflation. You’re welcome.
2. Inflation Part II: Everyone, including the Fed, seems to be focused on interest rate adjustments which should help inflation from that particular vantage point. However, who’s sitting around figuring out the supply chain management disaster that’s currently going on across the world and how the US ports are playing a part in that disaster? Buttigieg? Doubtful. Will the $1T infrastructure bill that was passed provide any help to port infrastructure and technology? Nope. That’s a problem worth figuring out…..and quickly as companies will start falling b/c of it (think inventory disaster). **DISCLAIMER** these few sentences don’t do this topic any justice at all. If that upsets you, f*ck off, dive into it yourself and read more.** Or just holler at me and we can chat in more details......s'all good!
3. Chill bro and relax……Mary-Jane is making a comeback. Cannabis ETFs have bounced back in the last few weeks with some up over 20%. This should hopefully get ZachJones off my f*cking back wrt to ciga-weed. Canadian cannabis companies are doing well, but the big upside is US cannabis stocks. Seems like there is more openness in Washington to better understand this industry and ease up regulations to help the US better thrive and compete…..including providing potential access to banks as a safe house instead of all these Canabis companies buying up real estate everywhere further driving up housing costs. Anyways, this is good news. If any of this still makes you anxious…..just relax and chill bro. I know of a way to help you do that if needed.
4. The latest great Netflix documentary…..The Tindler Swindler. Crazy story about some young punk who goes around lying to women that he’s the son of a billionaire diamond dealer. **SPOILER ALERT: He meets them on Tinder. Convinces them he wants to settle down with them. Showers them with great experiences, flights on private planes, fancy hotels, nice dinners, gifts, etc.. all to get him to the big ask…. “Baby, my enemies are after me. My bank cards have been shut off. Please send me money now baby.” And they do, and he uses that money to impress the next girl and gets her to pay him. And on and on the cycle goes. Wild, crazy and fascinating all at the same time. But it does beg a big question to reflect on……did we all play it too safe in life??
5. In other important global news. Sam Bankman-Fried is hailed a history buff and avid learner from past blunders……by tying his shoes properly prior to testifying in senate hearing. In all seriousness, it was nice to see him say the committee hearing was both truly bi-partisan and action oriented. You don’t hear those two things very often (read: ever) these days!