The Book, The Housing Market, The Crypto World, & The Fed
Hello C3 Family!
If you are a monthly contributor to C3, check
your inbox. We sent you a rough copy of the beginning of the book…
“The Christian Case Against The Stock Market.”
This guy’s take on the housing market is a must see. ⬇️
Economists are now saying there’s 5 main reasons why prices won’t fall:
Number One: Inventory Is Low.
Second: Builders can’t build fast enough
Third: Millennials now want homes.
Fourth: Banks are issuing fewer loans.
Fifth: Foreclosures Are Rare.
Stories of the Week
Sam Altman playing both sides of the field.
It is no secret that C3 has many issues with Crypto and we also are not big fans of AI, but Sam Altman is looking to profit off both of these digital novelties. Sam
Altman is the Tech Entrepreneur that is behind OpenAI (The company behind ChatGPT. AI has made it hard for many industries to identify bots and make sure its users and purchasers are human. Sam Altman realized this problem that his tech was causing, specifically for the Crypto world, so he created Worldcoin. a Crypto project that helps solve AI-induced identity problems. Yet, another problem has already spawned…a black-market for illegal iris scans.
It would seem that all this tech being produced is causing more problems than it is fixing. Perhaps this will not be the case in the longterm, but unless Silicon Valley has a coming to Jesus moment, I will not hold my breath for the light at the end of this ominously dark tunnel.
Most Traders are expecting an interest rate hike this time of 25 basis points. The official announcement will come out later today.
In December 75% of economists thought the US was heading towards a recession. Yet, now
with inflation continuing to cool and jobs staying hot with only a 3.6% unemployment rate, those same economists are changing their minds on recession likelihood.
With the previous bullet point in mind, we could just be postponing a recession as all the rate hikes have not had time to take full
effect.
More Guardrails are coming for AI. Big players like META, Google, and Amazon are pushing AI on us all, but they also agreed with the Biden admin to add more guardrails.
Domino’s is leading the way for fast food pizza and will be teaming up with uber Eats very soon to expand even
further.
Chipotle is another one of the many fast-food chains that are winning lately. The burrito maker focusing on expanding into small towns where sales are up on average by three-fold.
Disney+, Huu, Paramount+, Peacock, and other big streamers are struggling to obtain profitability. All of them are looking to follow Netflix and raise prices while limiting password sharing. Music streamers are also raising prices. Spotify is going from $10/month to $11/month.
Extreme Heat is killing crops in the sunbelt of the States and Europe isn’t fairing much better with cereal production expected to fall nearly 60% this year for the continent as a whole. Of course, the Russia-Ukraine war also has something to do with bad crops in Europe. Russia is not letting Ukraine ship grain across the Black Sea.
AT&T and Verizon took a nosedive last week because it is going to cost various telecom companies $60 billion to remove over 2,000 toxic lead cables across the US
The two highly
anticipated summer blockbusters Barbie and Oppenheimer did great at the initial opening, but bad reviews showing the wokeness of Barbie may hurt long-term profitability. The film industry needed this win because the summer has been plagued by underwhelming box office performances. Plus, the writers and actors on strike will severely hinder the industry for the foreseeable future.
The Nasdaq 100 index is getting rebalanced so that tech companies won’t have so much pull. After the rebalance Apple and Microsoft will still account for 22% of the Nasdaq.
