Refund Goes to the Dock
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Refund Goes to the Dock
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Dave Explains the Economy in Plain English — Ep. 013 — Thu Nov 12
Nvidia's board met last night on whether to fire the guy who started it — all reported, all alleged — the stock's down about eight percent and $450 billion is gone since he admitted the affair, and the part TV skips is a reported $7.5 billion in chips routed through Singapore and Malaysia to Chinese companies; if your 401(k)'s an index fund, open it, don't touch it. Importers are one step closer to $166 billion in tariff refunds and there's no line in it for you — you paid it at the register, the refund goes to the dock; the bond market came back and rates went up, the dollar's at a nineteen-month high, and I've now owed you a CPI number three days. Oil's down on a fading "risk premium" with no pump number, somebody paid for priority boarding and got a full bin, Kelly in Mansfield asked about ditching a $12-a-month bank fee, and Eddie in Lafayette asked if 690 is a good credit score.
Dave Scale: Nvidia 2 · Tariff refunds 4 · Fed/bonds 6 (holds) · Oil 5 (holds) · Priority boarding 2
Got a question for Dave? Email dave@daveexplainspodcast.com — Kev reads all of them.