The Watchdog on Wallstreet Weekly Recap for 1/2/23

1/3/2023 Why everything worthwhile requires work, time, and effort.

The Wall Street Journal published an interesting article about these rookie traders calling it quits. All of these people who got into trading. All the meme stocks and crypto and everything else that was going on during the pandemic, and how they are now all busted, broke, and disgusted as a result. Listen, pick yourself up. Learn from your mistakes. It was said in the movie Batman that “the reason we fall down is so that we can learn how to pull ourselves back up.” Learn from your mistakes. Invest properly. Own quality. That is how you build wealth. 

Everything in life that has meaning, value, and worth involves work, time, and effort. There are no exceptions, my friends. Work hard. If you’re looking for trustworthy assistance in managing your wealth and assets, the advisors at Markowski Investments are here to help.

1/4/2023 Salesforce will be laying off 10% of its workforce; here’s why.

Today’s big business news: Salesforce is cutting off 10% of its workers, citing the economy, which is horse manure. It has absolutely nothing to do with the economy. It has to do with the fact that many of these CEOs engaged in actions comparable to “the great toilet paper hoarding.” They went on an employee hoarding spree. And since money is cheap, they’re probably thinking they can just keep on expanding by continually hiring more people. So, guess what? They employed too many people, which is why they are laying off workers. But, being Salesforce, they can’t help but blame the economy. No, no, no. As I already stated, it is a human resources problem.

1/5/2023 ADP job report. What’s the good news?

Yes, we are hearing the same thing from the Wizard of Smart Economists out there, stating that good news is bad news. Yes, all of these new jobs were created. All of it is somehow terrible. Are you out of your mind? Take a look at the ADP jobs report today; it’s phenomenal. Fantastic reports—for the small businesses out there. Small businesses employ over 195,000 people, whereas medium businesses employ over 191,000. Large businesses actually went backwards. Why is that a good thing? Why is that deflationary? 

Well, if you are a small business that cannot operate at full capacity, you can’t keep your restaurant’s entire floor open since you don’t have enough employees. That’s not good for business. You have to raise the prices on everything and anything that everybody else is buying. So again, stop with the nonsense. Good news is good news. I like to see people at work.

1/6/2023 Jobs Friday! Is the BLS report BS?

Jobs Friday! Is the BLS report (U.S. Bureau of Labor Statistics) BS? Yes, perhaps. There was actually some pretty interesting news when it came to the job report—the fact that earnings have been tempered to some extent. We’re also, thank God, starting to see some people enter the workforce, which is something that needed to happen. The  job report revealed that there are still over 10 million job opportunities in the United States. 

When it comes to inflation, things are going in the right direction. I know that individuals are constantly looking to the Fed. The Fed is trying to fix the job market. It’s like putting a square peg in a round hole. It will take care of itself; we are already seeing companies that overhire get rid of their employees and reduce their workforce. Slowly but surely, it will make its way through.