Don't Buy Twitter

Elon Musk just bought a massive stake in the social media platform. Long-term hold? Maybe. I know that when Trump is reinstated early next year that they will boom, but its a matter of how low they will go now...

Hold off a little longer as the price will continue to fall deeper and deeper down.

In addition, does inflation matter? We freak out about inflation relative to our paychecks. The old motto in economics was "If the prices increase from $1 to $5, we all notice if our paychecks increased from $10 to $15. We shouldn't care if our wages are growing at a higher rate". Here is the issue with it all: Trump was the first President to focus on wage growth since the 1990's. Biden, Obama, and Bush neglected this. Inflation hurts worse when your money grows slow than it, not when it is necessarily "a high inflation time". Biden is pushing inflation through massive spending at a time when companies are exploiting low wages due to the "pandemic." That is a recipe for disaster.

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