Laminate Money

A Cold Front in Markets

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On this week’s episode we welcome Carissa Geske back to sub 0 temperatures from her long vacation to Thailand. On today’s show we talk about how the weather may affect jobs, how the seasonality of jobs may have changed, reviewing the anniversary of the war in Ukraine, big tech’s latest lawsuit, and a ton of other super interesting topics that happened in the markets last week. Email us at [email protected] for questions or suggestions for future topics.

  • The Good The strong job report could’ve been caused by warm weather and seasonal factors
  • The Bad 1 year after the war started in the Ukraine (more sanctions on Russia)
  • The Comical Would you drink olive oil infused Starbucks Coffee?
  • The Head Scratcher Google is getting sued because YouTube was recommending ISIS recruitment videos that got a woman killed
  • What Went On
    • Office landlords are defaulting
    Meta is Launching Paid Verification
    Twitter has 14 million in unpaid bills
    There are cracks forming in the auto loan market
  • Win of the Week Nvidia delivered on its expectations of being economically immune
  • Time Machine 2021’s Booming IPO market is 2023’s Booming Going Private Market
  • Quote of the Week “Progress is great. There’s this pervasive fear that productivity gains will take everyone’s jobs, but as we wrote about in our piece on Formic, what actually happens is that people find new, more interesting jobs. A much lower percentage of us work on farms to feed our families than we used to; now some people get to do silly things like write newsletters for work.” - Packy McCormick
  • Key Takeaways
    • Dan - People are awesome. Invest in them.
    Jacob - Market psychology sometimes matters more than the actual numbers
    Carissa - We live in a big, small world
  • Best Part of Last Week
    • Dan - First gig in 7 weeks
    Jacob - It happened new “truck”
    Carissa - Being back in Thailand after 7 years of being gone was a dream.
    ...more
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