Capitalist Investor

Well.. the Mid-Term Red Wave wasn't really the Red Wave that many people expected. But the big question and observation is forecasting what this means for 2024 and your money. Does this shed some light into the future? What will be the impact on the economy & stock market? Also, we just head of major layoffs by big technology companies. What does that mean for unemployment as we head into 2023? And of course.. you can't forget about what's cancelled this week.

●  [01:34] Mid-Term Red Wave Turned into Pink Puddle

●  [19:43] Big Tech Layoffs

●  [30:45] Cancelled! Kathy Griffin & COVID

1. Twitter is introducing a subscription model for verified users
Twitter is introducing a subscription model for verified users. This means that users who have a blue check mark next to their name will have to pay a monthly fee in order to maintain their verified status. The exact amount has not been determined yet, but it is rumored to be around $8 per month. This is a controversial move, as many people feel that verified users should not have to pay for their status. However, Twitter is hoping that this will generate more revenue and help to cut out some of the riff-raff from the platform.

This move by Twitter is sure to generate a lot of debate. Some people feel that verified users should not have to pay for their status, while others think that this could help to clean up the platform. Only time will tell how this new subscription model will affect Twitter.

2. Biden is introducing a plan to tax oil companies
Biden's plan to tax oil companies is based on the premise that they are making excess profits and that this tax will incentivize them to lower prices for consumers. However, there are many flaws with this plan. First, it is unclear how the government will determine what is considered an "excess" profit. Second, even if the tax is implemented, there is no guarantee that oil companies will actually lower prices. In fact, it is more likely that they will simply pass the cost of the tax on to consumers through higher prices. Finally, the tax will only further incentivize oil companies to move away from traditional fossil fuels and towards cleaner energy sources.

It is also worth noting that this tax will likely have a disproportionate impact on small businesses and consumers in rural areas. This is because they are more likely to rely on oil for heating and transportation, and will thus be hit harder by any price increases. In addition, the tax could lead to job losses in the oil industry, which would further harm the economy. Overall, Biden's plan to tax oil companies is misguided and is unlikely to achieve its desired effect. It would be better to focus on other methods of incentivizing oil companies to move towards cleaner energy sources, such as investing in renewable energy research and development.

3. The price of oil is determined by global supply and demand
undefined - The government is going to take an average of the cost of oil from 2015 to 2019, and if any oil company exceeds that average, it will be taxed at a higher rate. This is supposed to incentivize oil companies to lower prices at the pump, but it is unclear how this will actually be implemented or enforced.

The government's plan to tax oil companies that exceed the average price of oil from 2015 to 2019 is a step in the right direction, but it is unclear how this will actually be implemented or enforced. There needs to be more transparency and communication between the government and the oil companies in order to make this plan effective. Otherwise, it could end up being nothing more than a political ploy to score points with the public.

This week's episode of the Capitalist Investor:
[00:00:03] - This week's episode of The Capitalist Investor features three of the Dream Team members.

[00:00:23] - They're going to go to a subscription model for the blue check marks. Twitter wants to charge $20 a month to be verified, but it settled at $8.

[00:10:29] - Biden proposes a tax on oil companies to lower gas prices.

[00:16:07] - The other positive catalysts are good earnings, good geopolitical, and a sudden peace.

[00:23:13] - Jim Cramer covered every stock in the S&P 500 over the last several years.

[00:25:37] - This week's Canceled Segment is Luke Bryan inviting Ron Dee and Ron DeSantis, the governor of Florida, on stage in support of the hurricane relief effort.

[00:29:09] - Guys talk a little about Browns Football.


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Taxes & More Taxes! After Mid-Term elections, California's tax rate might go even higher. And that's on top of the crazy rates they already pay. Here in Ohio, they actually are lowering taxes 1% down closer to 4%. In California, state tax rates will be almost 4x that of Ohio. What does that mean going forward for the state? All of this happening alongside news that China's leader Xi is serving a 3rd term, which begs the question of more government intervention into their companies. Is that a risk to the United States and the U.S. economy? This week's cancelled segment is all about cancelling the cancelled! All of this and more on this week's "The Capitalist Investor" podcast.

●  [02:09] California's Taxes Go Even Higher

●  [12:39] China's Smackdown

●  [24:55] Cancelling the Cancelled! Worker's Fired Over Vaccines Hired Back & Paid Backpay

Mark is back! And we are Rocking & Rolling this week talking about mid-term elections right around the corner. What are the odds of a red sweep in November? How will mid-terms impact the stock market and your investments? On top of all of that, Kanye West announced his acquisition of the social media app “Parler”. How will that turn out as an investment and for society? And of course, this week’s cancelled segment is important for your taste buds.

●  [02:59] Mid-Term Elections & Impact on Markets

●  [13:50] Kanye West Acquires Parler

●  [19:07] Cancelled! Snow Crab Legs

Jamie Dimon is now ringing the recession bell suggesting that the economy will be in a recession within 9 months. This comes the same day that President Biden suggests that we have nothing to worry about in regards to the economy and if we do have a recession, it will very light and very small. What will actually happen? How deep will a recession be? All of this is discussed on top of news that some rail unions rejected the government package that gave a 24% raise to rail-road workers. What kind of precedent does this set? What's happening over in Europe with pension funds? On the cancelled list this week, the Kansas City Chiefs are at the top of the list. All of this is discussed and more on this weeks "The Capitalist Investor" podcast.

●  [02:14] Jamie Dimon Calls for a Recession in 6-9 Months

●  [21:51] Rail Unions Rejects Government Deal

●  [27:12] Bank of England - Gives Pension Funds 3-Days to Re-Balance

The past couple of months have been pretty crazy.. at first, we rallied almost 15% from the June lows, only to break through and create a new low. We ended up making the 52-week low on September 30th. The past couple of days have seen a 5% historical rally between just two days. Those kinds of rally’s usually happen during times of uncertainty if you look to the past. Is this just another bear market rally that will crash and burn? Or is this the beginning of something new and potentially a sustainable rally? Elon Musk is closing in on the Twitter deal at the full price of $54.20. All of this and more during this week’s “The Capitalist Investor”.

●  [01:41] Just Another Bear Market Bounce? Or Something More?

●  [12:22] Elon Musk Closing in on Twitter Deal

●  [17:53] Cancelled – Atlanta Braves

MARK TEPPER IS BACK!!

[12:35] The Fed put is no longer in play and the Fed will have to fight inflation by causing a lengthy recession in order to get inflation under control. This will lead to job loss and market decline. The biggest fear is that on the fiscal policy side if Democrats remain in office, there will be universal basic income which will be inflationary and penalize those who have done everything right.

[14:55] People just want participation trophies at work.  It is a very elitist mentality for corporate employees at GM who refuse to come to work only 3 days a week, while the factory workers obviously still have to come in and build your product.   

[31:37] The job market is expected to worsen, with the Fed predicting a rise in unemployment to 4.4%. This could mean 1.7 million Americans losing their jobs. Productivity is also down, with people jumping shifts and making fewer widgets. The job market will reset when people are fired and have to find work at lower pay.

Connect With Mark Tepper

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Connect with Derek Gabrielsen

• Twitter: @DerekGabrielsen
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• Send Derek a message here

Connect with Tony Zabiegala

• Twitter: @TonyZabiegala
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• Send Tony a message here

Send your questions and comments to us at [email protected]

#Fed #Apple #recession #inflation #jobsmarket #MarkTepper #marketcrash #unemployment #shareholderyield #initialjoblessclaims

Credit Card debt is rising at the biggest quarterly increases in history. How long can debt continue to fuel the economy and when will the American consumer finally pull back their spending habits? The big question is whether demand will come down naturally or in limbo with the Federal Reserve hiking interest rates. With inflation rising, it’s not just hurting consumers, it’s also hurting businesses with their input prices rising. What does that mean for the economy & stock market? All of this & more is discussed in this week’s “The Capitalist Investor” podcast episode.

●  [04:18] Dangerous Credit Card Debt

●  [14:17] Ford Expecting Another $1B in Costs Because of Inflation

●  [22:46] Cancelled – Employees & Electric Carts

It’s important to think about the past sometimes before you can think about the future. And the past couple of years, fiscal policy and monetary policy has been nothing but accommodating. But when you’re overly accommodating, that usually comes with repercussions down the road. And we are dealing with one of those repercussions now through inflation. While President Biden took a victory lap this week by cherry picking numbers, the majority of Americans are still getting crushed through ramped inflation which came in much higher than expected. The market dropped almost 5% because of mismanaged expectations all while we are approaching $31 Trillion of debt here in the United States. What does this mean for the overall economy & stock market? Will the recent rail-road strikes have an impact on the economy? All of this is covered in this week's "The Capitalist Investor" episode.

Outline of This Episode:

●  [2:23] Stock Market Mismanaged Expectations

●  [15:01] National Debt Approaching $31T

●  [21:56] Cancelled – Railroad Strike Causes Concern

The market has a lot of reasons that it could go lower. Does that actually mean that it will re-test the lows that we saw in June? If so, what is that going to look like and how quickly will that happen? One of the major topics in today's world is the energy crisis & stagflation environment we are seeing over in Europe. Is the energy crisis going to impact America? What about other geo-political events that could influence the direction of the American economy & the stock market? In this week's episode of The Capitalist Investor, we also take a look at Jason Aldean getting cancelled, since someone or something seems to be getting cancelled every week!

●  [0:54] Stock Market Going to Re-Test Lows?

●  [06:05] Energy Crisis in Europe - Coming to America?

●  [12:46] Jason Aldean - Cancelled