Yeah there's something to this, since so much of the game industry is in Japan. The devaluation of the Japanese Yen has an affect on imports and exports, and electronics (along with autos) are a major export in Japan. Nintendo themselves is carefully balancing how they're exporting their consoles, yet also a bunch of their manufacturing (I believe) takes place in South East Asia. It's a lot of factors to involve. Currency risk is indeed included in financial statements
Yeah from what I understand, all the COVID stimulus certainly was to help keep the economy moving in the US, but as a result, the money started pooling around corporations and the wealthy. We had sky high stock valuations, real estate, and even collectibles (remember all those dudes opening Pokemon cards? worthy of an article there), especially as people were trying to beat inflation and even stagflation, particularly in 2021. Some folks like Robert Reich and Scott Galloway describe this as a large wealth transfer from the young and the working class, to the boomers and the wealthy, in equities and real estate. But it's a tough problem because lots of seniors have lots of their net assets tied up in their homes, to the point where they're banking on it backing them up if they have health issues... And equities are how a lot of seniors are planning their retirements around. That being said, equities (stocks) are largely held by the wealthy, institutions, and corporations who do inelastic price gouging of groceries (20/20). I can keep going on these things. Lemme find some sources
Yeah, I mean... People like to complain about inflation being the worst thing, but if their idea of an alternative is deflation, then one of the biggest sources of deflation is a recession, so it's kind of a rock and a hard place. So far the post COVID spending is keeping earnings and labor market "relatively" strong (scarequotes)
Thank you Charles for the great write up and explanations of key terms and financial concepts. I thoroughly enjoyed the read!
No problem! Thank you for reading!
Also discuss Japan’s low rate and its affect on games
Yeah there's something to this, since so much of the game industry is in Japan. The devaluation of the Japanese Yen has an affect on imports and exports, and electronics (along with autos) are a major export in Japan. Nintendo themselves is carefully balancing how they're exporting their consoles, yet also a bunch of their manufacturing (I believe) takes place in South East Asia. It's a lot of factors to involve. Currency risk is indeed included in financial statements
https://youtu.be/goA9kkaDfTE?si=60SMsxTSbyZH4vIr
Yeah from what I understand, all the COVID stimulus certainly was to help keep the economy moving in the US, but as a result, the money started pooling around corporations and the wealthy. We had sky high stock valuations, real estate, and even collectibles (remember all those dudes opening Pokemon cards? worthy of an article there), especially as people were trying to beat inflation and even stagflation, particularly in 2021. Some folks like Robert Reich and Scott Galloway describe this as a large wealth transfer from the young and the working class, to the boomers and the wealthy, in equities and real estate. But it's a tough problem because lots of seniors have lots of their net assets tied up in their homes, to the point where they're banking on it backing them up if they have health issues... And equities are how a lot of seniors are planning their retirements around. That being said, equities (stocks) are largely held by the wealthy, institutions, and corporations who do inelastic price gouging of groceries (20/20). I can keep going on these things. Lemme find some sources
ABC7 Bay Area- TikTok 33 seconds. FTC reports large grocery chains price gouged during pandemic https://www.youtube.com/shorts/B-mS_LaoSws
Baby Boomers gained $5.6 Trillion (with a T) wealth in real estate from 2020 to 2023. That being said, there will be a large wealth transfer from Boomers to Millennials in the coming generations. https://www.msn.com/en-us/money/realestate/baby-boomers-account-for-42-of-americas-real-estate-wealth-heres-the-only-way-millennials-can-catch-up/ar-BB1iRNcY
Robert Reich on Wealth Inequality, the richest 1% own HALF the stock market https://www.youtube.com/watch?v=wOI8RuhW7q0
Scott Galloway on older folks who benefit from stocks, growing youth population earning less than their parents https://www.youtube.com/watch?v=MEC2Nq7Z6lc
Logan Paul Pokemon Card Scam ties in with hot collectibles market during 2021 inflation-stimulus storm https://youtu.be/bjpJrcJA2Bk?si=Q_Uq1kXgbl2Qjwzi
You also forget the US had deflation thanks to W. Sorry for being a dead record
Yeah, I mean... People like to complain about inflation being the worst thing, but if their idea of an alternative is deflation, then one of the biggest sources of deflation is a recession, so it's kind of a rock and a hard place. So far the post COVID spending is keeping earnings and labor market "relatively" strong (scarequotes)
Ok so you mention it but not my 2008 I was thinking