The gap between investors and savers will continue to widen.
US credit card debt: link here. Consider the source.
In November, consumer credit exploded by a whopping $41.8 billion, more than double the expected $18.1 billion print, nearly five times more than the upward revised $8.9 billion January number (revised from $6.8 billion), and the highest on record!
Market:
- traders: check the portfolio dollar value / dollar change on a daily basis (or even more often); price of shares very important
- investors: try to add shares of great companies every month; price paid of secondary importance;
Metaverse: VR is a significant component of the metaverse. VR? I'm still not sold; still not impressed. From Gavin Baker this week, the comments, as usual, very important, The metric missing: percent of iPhone-using teenagers who also own a personal VR headset. Most likely respondents exaggerated, slightly, the amount they actually use a VR headset. Other questions need to be asked:
Challenging me to an hour on the treadmill (LOL):
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