Ulti

https://podcasts.apple.com/ca/podcast/113-bob-geddes-ensign-energy-services-a-glimpse/id1493491566?i=1000598951629 Excellent interview with head of energy company that is a current Fairfax holding I believe

https://www.theatlantic.com/ideas/archive/2023/02/florida-new-york-housing-population-republican-democrat/672994/

https://podcasts.apple.com/us/podcast/viktor-shvets-declares-victory-for-team-transitory/id1056200096?i=1000597529020 excellent interview with someone who has been in the consistent transitory econ.

https://podcasts.apple.com/us/podcast/odd-lots/id1056200096?i=1000597227627 interview with apartment list chief housing economist…outlook on 2023

This is basically what Jeff Currie from GS has been preaching about since 2020....the revenge of the old economy....and because of the total lack of investment, this cycle (with lots of ups and downs ) will last for several years.

https://www.cnbc.com/2023/01/23/high-egg-prices-due-to-a-collusive-scheme-by-suppliers-group-claims.html

I handle this the old fashion way… I ask for the tip jar and put a little cash in … tell the employees I wanna make sure they and not the company gets the cash… and I usually will tip 10% or less if I’m picking up/ drive thru

https://apnews.com/article/tipping-fatigue-business-c4ae9d440610dae5e8ff4d4df0f88c35?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_11 Talk about inflation

https://www.reuters.com/business/retail-consumer/walmart-raise-wages-us-workers-2023-01-24/ It seems like Whether we are talking about fish chicken pasta… old economy items like oil metals materials….demographics , retirements and the need for labor… is going to keep inflationary pressure going for awhile longer….. Having been an investor in tobacco during inflationary times… I wonder if Google/Apple are the modern day equivalent

G; I worked at grocery stores in high school, college and grad school. all departments including meats, produce, stocking etc. ( use to get tipped in the "70s" at Christmas with booze and cash! ) I certainly pay attention to unit pricing etc everytime I shop; more than the average person I suspect. A few observations: There is certainly some inflation going on at the wholesale level... Talking with folks in the fish department for example... labor shortages, fuel cost, feed... antibiotoic cost for farmed raise... not to mention transportation particularly international....this is thruout all depts. I suspect that this will continue into the future. I also suspect that gauging ..Non organic \organic switching etc is going on ( why not lie and double your price). Will see how much pricing power Whole Paycheck ..etc has on the retail side. Volumes \traffic is already down at W. P. Pay has been flat hard to find workers shelves are poorly stocked for some items ... and expensive items are discounted and not replensished. Publix has seen to have held up better but they are dealing with the same issues....If I had to break it down, I would guess about 50% inflation 50% ripoff......and both levels...

https://podcasts.apple.com/us/podcast/what-the-heck-is-happening-with-the-price-of-eggs/id1056200096?i=1000596025553

https://podcasts.apple.com/us/podcast/top-traders-unplugged/id888420325?i=1000593746606 great podcast with professor Susan Shirk… China expert for decades and her past/ current views on all things China

https://podcasts.apple.com/us/podcast/top-traders-unplugged/id888420325?i=1000595128967 excellent interview with Jeff Currie on commodities energy inflation etc

https://www.cnn.com/2023/01/13/opinions/us-economy-recession-achuthan-banerji/index.html

I have a question , which probably comes from ignorance. Why is the fed so focused on the employment rate ? I understand that Congress has just passed a multibillion $$ infrastructure bill which will seem to keep unemployment lower for many years to come. In addition, with demographics and a poor immigration policy, it just seems that jobs will be harder to fill in the coming years. Maybe this inflation is transitory as originally diagnosed.. I'm sure there is some economic bookworm formula that equates low unemployment with high inflation and that's why they are so focused... but haven' there been periods in history with low unemployment\low inflation ? It just looks like if employment is their focus, the Fed has got a long road to go.

Back at ya … I miss the days of wearing the leather belt… And I hope you enjoy Swanson this year … he was my favorite player from last year and is awesome to watch

Swimming....swam 7000 meters for the local NYE masterswim at 4am this past Saturday Kettlebells ... Back in my ooold days use to be like you cubsfan; switched over to full range of motion under load with bells 15 years ago. Biking ... Like SD, computrainer zwift etc.; but still like the skinny bike seat. Wok... love to make quick healthy meals for myself and the wifey.

Up 2% for 2022 Gains: Brkb , Rio, Joe ,Nee, ,Apts,Atco, Aiv Ctra ( both small gains ) Loss: Vet,Shittybank , Vwinx ( in wife's restricted to mutual fund account) Got out with small losses in Meta, Kind... ( still learning about renting vs owning ). Thanks again to everyone for the education this year ( esp. in RE and Commodities).

https://calculatedrisk.substack.com/p/case-shiller-national-house-price-f18 Go Miami... And a good read on housing. Miami, Tampa, and Charlotte reported the highest year-over-year gains among the 20 cities in October. Miami led the way with a 21% year-over-year price increase, followed by Tampa in second with a 20.5% increase, and Charlotte in third with a 15% increase. All 20 cities reported lower price increases in the year ending October 2022 versus the year ending September 2022.

I think NATO defense spending had been going up prior to the invasion… just as with energy, they are at least making the difficult choices and realize the errors of their ways. https://www.mckinsey.com/industries/aerospace-and-defense/our-insights/invasion-of-ukraine-implications-for-european-defense-spending

A slight tangent from the original post but an excellent interview with John Spears where he discusses Buffett Graham Schloss etc. https://podcasts.apple.com/us/podcast/rwh019-winning-the-long-game-w-john-spears/id928933489?i=1000591213142

Yep Tim Burton hasn't lost a step

https://www.advisorperspectives.com/articles/2022/12/19/jeremy-siegel-the-excessive-bearishness-is-great-for-equity-investors

https://podcasts.apple.com/us/podcast/the-price-cap-on-russian-oil/id1081481629?i=1000590062383 Excellent explanation of all things concerning Russian price caps, future price caps on refined products coming up in Feb'23, etc by Columbia Energy Exchange