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A weekly newsletter for people who want to understand money without needing therapy afterward. I cover accounting, tax, and finance the way they should be taught. Simple, sharp, and with a sense of humor. If knowledge is power, this oneβs your caffeine shot.
Romeo Razi, CPA Sept 8th ποΈ Will the real Slim Warsh please stand up, please stand up, please stand up Labor Day marks one of the America's favorite weekends. Nice 3-day vacations ποΈ, kids having to go back to school π« (shout out to happy parents), last great bbq cookout of the summer. However, there was not much celebrating for Kev, Kev. That's because this Labor Day, America gave Mr. Warsh the jobs report he wasn't expecting π₯. August jobs report came in at 162,000 jobs, where Wall Street...
Romeo Razi, CPA Aug 17th π°π· South Korea got wrecked! If you were chillin' in Gangnam during the last few weeks, you learned the hard way that leverage doesn't get you laid (nor does it keep you solvent.) In a place that is the center of plastic surgery and K-pop concerts, the Korean stock market figured out the hard way that multi-leveraged single-stock ETFs may be closer to economic Russian roulette than Warren Buffettβstyle investing. π The damage, by the numbers β³ π©Έ The KOSPI (it's like...
Romeo Razi, CPA July 13th π Is AI eating my lunch or not? For the past few years the same people that brought you, "Truck Drivers need to learn to code", have started beating a new drum: "White-collar wageys needed to head to the breadlines", because the Silicon Valley priesthood believe that they are headed for the same fate as the horse & buggy. Master Dario and Scam Altman have both been sounding the alarm that the Machines are marching one by one (hurrah, hurrah) ... I mean, until they...