It takes more yen to buy a dollar today than at any time since 1990. Not even during the Asian Financial Crisis did the yen become this weak compared to the dollar. Foreign exchange is a matter of comparison, and right now, the US Dollar happens to be a nice house in a bad neighborhood. The Wall Street Journal's editorial board writes of the yen: Excitable market analysts talk as if the main risks to the global economy are when and how much central banks will raise interest rates. A different danger came into view in Japan on Wednesday as the yen plunged to another multi-decade low … [Read more...]
Your Survival Guy vs. The Boston Globe
I’m a long-time subscriber to The Boston Globe but even I have my limits. I’ve canceled numerous times only to come back to see what’s going on. It’s not good. I can’t even look at the front page it’s so bad as I quickly page to the sports section. Even the sports section has been infected with the progressive viewpoint. But I put up with it because it’s my opinion that athletes, like musicians, and those who cover them don’t have time to read about what’s really happening in the world. My advice: Start the day with www.yoursurvivalguy.com and seek the truth. Here's a sample of today's … [Read more...]
Key West Insider’s Guide: UVA Wine Shoppe
I hope you’re looking forward to being with family and friends this Easter. If you’re in Key West, stop by and see our friend Mark Gambuzza at UVA Wine Shoppe. Originally posted on December 28, 2023. Your Survival Guy wants you to get away from it all this winter. A tropical break, if you will, to my home away from home, Key West. You can read my insider’s guide here, and I’ll have plenty of updates along the way. Having spent a couple of weeks in Key West over Thanksgiving, we had ample time to stop in and visit our friend Mark Gambuzza at his wine shop, UVA Wine Shoppe, located on … [Read more...]
Investors Are Fat, Dumb, and Stupid
Let’s imagine it’s 1999. You’re about to retire. You had a good career. And like anyone else invested in stocks, you’ve had a good run. Then, some time goes by, you’re on a European riverboat cruise, and boom, the tech bust hits. That was the exact moment many investors realized their risk tolerance was, in fact, intolerance. Like a food allergy. But it was too late. In my conversations with some investors—not you, of course—expectations today are still through the roof. That’s what a bull market will do. And as you know, the common refrain is “I want preservation of principal and growth.” … [Read more...]
Buffett Calls Out Stock Market “Gamblers”
Many investors today have become fat, dumb, and stupid. They're speculating with the expectation that they'll always win. In his recent letter to shareholders, Warren Buffett called out such gamblers. Business Insider's Theron Mohamed reports: Buffett also criticized speculators in his letter, noting that stock traders are "neither more emotionally stable nor better taught" than when he was a student. He also noted the proliferation of stock-trading apps has made daily buying and selling easier than ever. "Markets now exhibit far more casino-like behavior than they did when I was young," … [Read more...]
How Your Survival Guy Invests in AI and Cryptocurrencies
There will be winners and losers in AI and cryptocurrencies, which is why Your Survival Guy likes utilities. Utilities have been steady dividend payers for years. Why not invest in areas that AI and crypto will depend upon? Katherine Blunt and Jennifer Hiller report in The Wall Street Journal that the main focus of the annual CERAWeek by S&P Global conference in Houston this year was finding enough energy to power AI. They write: Every March, thousands of executives take over a downtown hotel here to reach oil and gas deals and haggle over plans to tackle climate change. This year, the … [Read more...]
Will AI Electricity Demand Resurrect Nuclear Power?
You know that AI and cryptocurrency technologies demand massive amounts of electricity. According to Michał Rogucki, writing in YTech News, nuclear power is a "rising star in data center power solutions." He writes: Amidst the increasing energy demands of data centers, particularly those handling AI workloads, companies are turning to nuclear power as a sustainable and reliable energy source. NE Edge aims to establish AI data centers adjacent to a nuclear power plant in Connecticut, and major cloud providers like Amazon Web Services and Microsoft are also considering nuclear options for their … [Read more...]
Texas Attracts Data Centers with Cheap Power and Land
What is the currency of AI and the digital future? It's power. Electricity is necessary for data centers, whether they're running chips from AMD or Nvidia. They all run on power. The cheaper the electricity, the more profitable the companies running them. That's why, with its mix of cheap power and cheap land with access to that power, Texas is witnessing an explosion of data center construction and investment. Madison Iszler of the San Antonio Express-News explains why so many data centers are choosing Texas, writing: Texas is attractive because the cost of power here is relatively low … [Read more...]
YOUR RETIREMENT: Time Isn’t Necessarily on Your Side
In my conversations with you, you tell me how you made your money. You saved ‘til it hurt, had the kitchen table talks, put water in your Cheerios, in some cases lost it all, then made it back and then some. Each story is different, yet as the saying goes, happy families are the same. You all, at some point, got serious about being providers and didn’t rely on someone else because guess what? They never show up. Believe me when I tell you this: There’s a lot of money out there. I’m not talking about the billionaires; I’m talking about the Main Street millionaires. Family first Americans who … [Read more...]
“I Can’t Charge $20 for Happy Meals.”
"I can’t charge $20 for Happy Meals." Those are the words of Scott Rodrick, the owner of eighteen McDonald's in Northern California, where legislators have increased the minimum wage to $20 per hour for fast food workers. So Rodrick and many other franchisees are being forced to make hard decisions regarding employees whom they can no longer afford to employ. Rather than helping fast food workers, California's politicians are putting them out of work or preventing them from getting hired at all. That's what happens when politicians implement price controls. Heather Haddon reports in The Wall … [Read more...]
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