Monkey’s Market Minute w/c November 21st, 2022

These are just snapshots of the Monkey's Market Minute daily newsletter. Subscribe to TFM on GiveSendBro or Subscribestar to access the entire content.

Disclaimer: Never take investment advice from strangers on the internet, especially monkeys.

November 21st, 2022

 In the UK, they’ve raised capital gains taxes and cut exemptions for dividend income. Biden is also going to repeal the Trump tax cuts, thus raising taxes. Remember that during stagflation, the government doesn’t like it when people navigate the markets and make money. They want you invested in cash and bonds, not investing in energy companies that they’re trying to bankrupt and nationalize. […]

November 22nd, 2022

Let’s talk about China. China had its first COVID deaths since the Summer and cases are spiking, causing markets to panic and declare that the lessening of COVID restrictions was false hope. However, the new restrictions are meant to be more targeted, and prevent movement, but not shut the entire country down, as has been the case during earlier Chinese lockdowns. For example, businesses will be allowed to remain open, but residents won’t be able to leave their districts. China did away with centralized quarantine facilities for contacts and those who test positive will be allowed to quarantine at home after 5 days. […]

November 23rd, 2022

Is the economy going to crash within the next couple of months? No, especially not with holiday shopping. I tried to go shopping today and the line to my gas station was wrapped around the block and the parking lots to Walmart and Sam’s Club were full. I guess people are on Thanksgiving vacation, but holy sit . . . so much for the recession. Also everywhere there are still “help wanted” signs in front of their businesses. […]

November 25th, 2022

In other news, the EU Russian oil price cap seems to be falling apart as different groups who don’t understand economics argue about where to set the price cap. Some countries want to set it lower, some higher, and none of it will matter because (as ZeroHedge points out) China and India will buy Russian oil and gas anyway, and European countries will “cheat” by buying resold Russian oil and gas. […]

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