Locator: 45207INV.
QCOM Vs TSM, link here.
Snapshot:
Knowing their business and looking at their numbers, advantage: TSM.
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Back to the Bakken
Active rigs: 37.
WTI: $79.63.
Four new permits, #40072 - #40075, inclusive:
Five permits renewed:
Locator: 45205DIV.
Updates
July 26, 2023: yes, I was correct; the information at the original post was in error. It is a fact that the quarterly dividend was a bit higher than a year ago, but it did not increase month-over-month as implied b the source. The $1.79 is an annual rate. Link here.
Original Post
I think it has to be an error. I think the $1.79 in the graphic below is an annual calculation based on a quarterly dividend of 44.75 cents, unchanged from previous. This has happened before at this site.
Locator: 45204EVS.
From the linked article:
DETROIT – General Motors CEO Mary Barra blamed a supplier of automation equipment for the slow ramp of its new electric vehicles, after Wall Street criticized the company’s rollout of its newest EVs amid bold predictions to catch up to industry leader Tesla
Shares of GM were down roughly 4% in morning trading Tuesday despite quarterly results that topped year-ago performance
Analysts during the call questioned the company’s pricing strategies, EV profitability guidance and ability to hit previously announced targets for the vehicles.
Mary: you play the hand you were dealt.
Tesla, Apple, Daimler -- they all have the same challenges.
Also, the Chevy Bolt is not what the analysts want to talk about. Not said, but the Chevy Volt / Bolt is beginning to look a lot like ... the Ford Edsel.
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An Abundance Of Riches
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Recent Brazilian Jiu Jitsu Tournament
Dallas, TX
Sophia earned a "silver" medal.
Three tournaments in past six months: three medals -- bronze, gold, and now a silver.
Locator: 45203ECON
Updates
August 4, 2023: this is an old presentation but it provides a definition of "savings." The presentation here, see slide 11. "Savings = income - spending."
US household "savings" collapsing: "area under the curve" ... graph. Link here.
Mainstream media and armchair analysts are misreading and mis-interpreting the chart above but I can't articulate the problem. You are on your own here.
However, today the updated MMF chart was released:
Same question for two different audiences:
No answer is wrong.
But, wow, as a long-term investor, I love the second graph.
It was reported elsewhere that the most recent MMF data showed a slight decline. Obviously not the case based on the graph above.
The second graph might not mean as much if the securities market was collapsing and folks were pulling their money out of the stock market and investing in much safer money market funds. But, in fact, the stock market has been on a 12-day rally, the longest in six or more years, and yet more money is flowing into MMFs.
Bonds? I don't follow bonds, but it's my impression a lot of money is also flowing into bonds because of their great rates.
Where is that money coming from? Which by the way, is one of my favorite lines from a Colombo episode, "just where is that money coming from?"
Savings:
As mentioned some time ago, I don't understand where / how the US government measures savings rate. The well-to-do, I imagine consider a lot of their investments in MMFs, shot-term bonds, and even some securities as "savings" and don't really have much in their bank "savings accounts.“
Elderly widows pulling money out of savings accounts to put in MMFs is not exactly a real decrease in their savings.
So, unless I'm missing something, we have a lot of "new" money coming into the market, into MMFs, and into bonds. Again, from where is that money coming? And how far down into the general economy does it trickle? It's just hard for me to believe if folks are able to put this much money in MMFs, securities, and bonds, they don’t also have money to spend on consumer goods.
Maybe I'm wrong, naive. Whatever.
But they are fascinating graphs.
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The Book Club
The Custer Companion: A Comprehensive Guide to the Life of George Armstrong Custer and the Plains Indians Wars, Thom Hatch, c. 2002. 973.8HAT.