Meanwhile, Tesla shareholders enjoyed a $2,023.34 share price and a $377.07 billion market capitalization on 25 August 2020. Hence, Uncle Sam’s $465.50 million investment in Tesla a decade ago created $377.07 billion in wealth for investors 10 years later.
America is on the brink of a depression that could last for decades. History shows the Coronavirus Depression could last for a decade or longer. Data reveals the Coronavirus Depression…
July 31, 2020 – the date on which the Cares Act $600 a week unemployment insurance payment ends. August 1, 2020 - the date on which angry mobs could start gathering on Capitol Hill and at Congressional offices.
Hence, Dreher and Weinstein’s claims that the events unfolding in America’s streets are the beginnings of a revolution hold some truth. The so-called protesters are acting like revolutionaries.
Hence, America just demonstrated that Basic Income works and alleviates poverty. Given these results, I think a scheme such as failed presidential candidate Andrew Yang’s (D-New York) Freedom Dividend could lead to great prosperity in America.
America’s problems go far beyond police shootings and casual racism. Those who think being nice to black people and screaming “abolish the police” can solve America’s problems are living in fantasyland.
One reason many people hate politicians; and other leaders, is their tendency to lie even in the face of ugly realities. Conversely, one of Churchill’s greatest strengths was his ability to discuss horrendous truths.
Given that potential reality, all investors need to get ready for a bumpy ride in the market. One way to prepare for that ride is to hold cash rich stocks with high margins of safety such as JPMorgan Chase & Company (NYSE: JPM). I think the banking system will survive, but that survival will be rough.
Interestingly, there are those on the left who think we can finance massive welfare state expansion with deficit spending. For example, economist; and hedge fund manager, Warren Mosler believes Medicare for All could pay for itself with savings. To explain, Mosler thinks savings from the elimination of health-insurance bureaucracy could pay for healthcare for all.
Thus, most Americans cannot afford to take time off from work without a paid leave.
Caring for an elderly; or a disabled, relative can be a fast ticket to poverty. For example, a single woman caring for her 80-year-old mother with dementia could have to quit her job.
Thus, Amazon shares are too expensive for most investors. Therefore, we need to ask if companies such as Amazon hurt average people by making stocks too expensive.