Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve

Lazy Cash Wandering Docks at Newport Boat Show

September 23, 2021 By E.J. Smith - Your Survival Guy

By nyker @ Shutterstock.com

“Permission to board? Should we remove our shoes?” Becky and I asked. A polite way to board a brand-new boat on display at the Newport International Boat Show last weekend. With docks loaded with giddy, lazy cash looking for some fun next summer, you can imagine the challenge it is to keep the decks free and clear of excess debris.

As Becky and I spoke with our local Grady White dealer and boatyard owner, we learned that if you want a new boat, you’ll have to get in line because dealer allocations are a fraction of what they were pre-Covid, thanks to a lot of things like a shortage of workers and supplies. Combine the shortage with the excesses of the lazy cash hoards looking for places to be spent, and you know where prices are anchored. And it’s not just last weekend’s intelligence gathering that’s concerning.

In speaking with a client, an owner of a major manufacturing business in the South, yesterday, he told me demand is great, but because of the supply chain issues, he can only meet fifty percent of it. On top of that, the forty-foot shipping containers he uses cost three to four times what they did pre-Covid, making that a major cost to consider like never before. It makes margins that much thinner and an over-order of supplies that much more costly.

Action Line: You can see the tug of war between demanding lazy cash and discerning suppliers making the world go round.  Meanwhile, lazy cash is throwing itself at the stock market like a drunken sailor. Look at my chart below of the companies in the S&P 500 trading at ten times sales, before factoring in costs of goods sold, never mind profit. Stay tuned.

Originally posted on Your Survival Guy. 

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Time to Get Your Lazy Cash Off the Couch
  • Survival Cash
  • Storm Greetings from Newport
  • Morning in Newport
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Buying A Boat: Who’s Looking Out for You? - August 12, 2022
  • Your Survival Guy’s Favorite Number is 72: Here’s Why - August 11, 2022
  • BLUE STATE BLUES: There’s No Way Out of This for Democrats - August 10, 2022

Dick Young’s Must Reads

  • TOP HEAVY: Focus on Big Indexing Could Cause Market Chaos
  • Escape From the City: You’re Going to Like What You See
  • The Worst President in American History, Part I
  • Marry Compound Interest, Divorce Market Timing
  • Florida: Enjoy Certain Freedoms and Individual Liberties
  • A NEW CONTRACT WITH AMERICA: Rick Scott Finally Gives the GOP Something to Run On
  • DEATH SPIRAL: Crime Soars in Democrats’ #DEFUNDTHEPOLICE Cities
  • A Cashless Society Is A Debacle for Americans
  • The Simple, Elegant Power of the Retirement Compounders
  • Can Ginger Combat Heart Disease and Improve Circulation?

Our Most Popular Posts

  • Who Benefits from and Orchestrated the Trump Raid?
  • The Higher Taxes, Bigger IRS, and More Inflation Act of 2022
  • Did China Buy Land in North Dakota to Spy on Air Force Base?
  • Your Retirement Life: Let the Slow and Steady Be Your Way of LIFE
  • Pelosi’s Trip a "Pointless Gesture That Brought Us Closer to Military Conflict"
  • A Conservative Case for Optimism
  • DEMOCRATS PLAY DIRTY: Megynn Kelly Calls Bulls#$t on "Classified Documents" Story
  • DESANTIS RESISTS: Suspends Soros-Funded Destruction of America
  • BECK: The Democrats' Dangerous FBI Raid Endgame
  • Immigrants Poised to FLOOD THE BORDER After Democrats Reject Title 42

Disclosure

RSS Youngresearch.com

  • Buying A Boat: Who’s Looking Out for You?
  • Is It Time to Talk About the Defects of Index Funds Now?
  • Your Survival Guy’s Favorite Number is 72: Here’s Why
  • Disney Catches Netflix in Streaming Wars
  • PRIMARY RESULTS: Pro-Trump Candidates Clean Up
  • Prices for Electric Vehicles Going UP
  • Europeans Closing Businesses Early to Save on Energy
  • Your Retirement Life: Let the Slow and Steady Be Your Way of LIFE
  • Resilient Nordic Market Spawns Fast Growing Offshoot
  • If the Phone Doesn’t Ring…It’s Me

Is Merrick Garland Taking the Blame to Protect Biden?

Our Commander-in-Chief Fumbles On

Buying A Boat: Who’s Looking Out for You?

DOJ Career Officers Disgusted by Garland’s Political Raid on Trump

Dick Young’s Investing in Fine Wine

If It Smells Fishy … ?

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives