Click here: The Weekly Beacon – May 20 2022
We will be giving some macroeconomic market updates on a weekly basis. No
recommendations will be given in this commentary and we encourage you to contact us
today if you have any questions regarding any observations.
Feel free to send in your pictures of lighthouses to be featured in our weekly commentary.
This weeks issue: Jeff Bezos, Amazon, Elon Musk, Tesla, Biden, Joe Manchin, Inflation, Money Printing, Covid-19, Real Inflation Number, Matt Damon, Crypto Market, Super Bowl, Endorsements, Commercials, Bitcoin, Ethereum, Canada Gas Prices vs. U.S. Gas Prices, Carbon Tax, Gas Prices by State, Proven Oil Reserves by Country, Goldman Sachs Asset Management, Energy Thesis, Changing Ideas, ESG, Energy Supercycle, Dot Com vs. Covid-19 vs. 2022, Wealth Loss, Market Drop, Index Investing, JPEG Photos, NFTs, JP Morgan, Home Depot, Starbucks, Worst Day.
Bezos Follows Musk
It appears the world’s second-richest man has followed the world’s richest man (official values, Putin could be richer). And no, we are not talking about their space race.
This week Jeff Bezos took to Twitter and offered some criticism towards the Biden administration.
Bezos’ tweet was regarding the U.S. government failing to solve inflation, being behind on inflation, and causing the issue. He said what we have all thought for almost a full year. When you print trillions, the money you print becomes inherently less valuable. Bezos even praised Manchin who has shut down other Biden-backed Bills. Manchin is a moderate democrat who must answer to West Virginians (a historically deep-red state). Manchin might be the most important Joe in the world right now.
