Frog Capital @FrogNews
29 years in the TBTF financial world and counting. Not allowed opinions in real life, but have been published. Mostly here to vent.. not selling anything. South Florida. Joined May 2016-
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Amazon does well over a billion dollars in revenue every day.. Joe says lack of competition leads to higher prices..
Amazon profits +229% YoY.. We turned all retail in America over to them during covid, they never looked back.. Joe is worried about cookies getting smaller.
Starbucks out after the bell. Revenues sucked. They say this is due to a "complex operating environment" This means people don't want to pay 6 bucks for a cup of coffee from a male barista wearing a dress...
The Gov not happy with 2 press conferences today, he's continuing up the west side of the state and will be in Destin soon for his 3rd press conference today. If you don't live in Florida, you're probably used to your Gov staying in the capital.. Not here.
9th month in a row of YoY housing price increases.. 10 is pretty much a lock. Who needs a place to live anyway?
The Gov not happy with just one press conference today. He's working his way up the west coast and will be in Tampa for lunch.
Housing is over 40% of the inflation equation. Some of us have been screaming for jerome to focus here since 2021. Instead he jacked up rates so high, no one could afford to move. What happens to price when you eliminate supply? Get comfortable being uncomfortable.
Housing is over 40% of the inflation equation. Some of us have been screaming for jerome to focus here since 2021. Instead he jacked up rates so high, no one could afford to move. What happens to price when you eliminate supply? Get comfortable being uncomfortable.
Florida has been the hottest market in the nation for about 3 years. No crashes.. but not seeing the rapid increases of prior years.
Rather than see the hottest markets come down (they're stagnant) we're seeing the weakest markets bounce off the bottom.. There is an incredible amount of pent up housing demand. Except for Portland, which is a lost cause.
Price increases accelerating in all of the top markets.. This is mostly driven by the high end sector.. Our economy only works for the biggest and wealthiest now.
Case Shiller is the most widely used home price index. It's a month behind the others but considered the most accurate. Housing prices are accelerating.
Lilly Pharmaceutical out this morning. They are making a fortune on diabetes/weight loss drugs.. Gross profit margin is 86% for them here. (joe is worried about ice cream prices) Diabetes and weight loss drugs are the leading contributor to the "retail" sector of our economy.
The hardest working Gov in the nation back on the road with the Lt. Gov this morning over in Naples..
Christina Pushaw 🐊.. @ChristinaPushaw
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110 Followers 78 Following Podcast dedicated to covering local politics and issues in Palm Beach and Broward counties…from locals’ perspectives. 3 Florida Women on a mission.@FrogNews They’re still operating on an outdated premise (which I hear many parrot) that high interest rates will bring down prices. But, in fact, it’s driving them up.
@Artfulham @FrogNews Also would help if their coffee weren’t $6 and tasted good.
@FrogNews They forget to say AI(I mean Chatbots) in their earnings call.
@FrogNews This is true. I used to go EVERY morning but now the men act like women and the women are all masculine and for the most part they aren't friendly like they used to be. Now I go rarely.
@FrogNews How has there never been a Hooters coffee shop?
@FrogNews Demand being squished by over-priced realities.
@FrogNews Exactly, many people are not going to Starbucks it is way to woke. Just give me coffee and shut up on your woke agenda.
@FrogNews Kind of feels like we are reaching the point of illiquidity in some markets. Prices simply plateau when only well-off cash buyers remain. Our hood is kind of like that...nice joints, large acreage or great views, golf course stuff going for $$$, quick. All cash buyers...
@FrogNews 'RutRowww Shaggy...'
Dallas Fed survey: "We have not been this slow since the Great Recession. This includes Covid. We cannot understate how terrible the prospective real estate market is. People are not filing zoning cases, meaning in two years there will not be construction."
@FrogNews Pretty good results for a company that was trying to get out of the insulin production business in the late 90's. They were making good money from prozac which is far easier to manufacture than insulin.