Voltage Valley Blog

Problems with banks, again?

The headline in financial news is the collapse of Silicon Valley Bank (SVB) and Silvergate Bank. I would caution comparing these failures to the financial crisis of 2007-2008. Realistically, SVB is confined to the start up sector and somewhat regionally confined to California and potentially New York technology companies. With regard to Silvergate Bank, they are more of a crypto currency focused bank with only three branches. While bank failures are never a good thing, so far this doesn’t seem to be a system problem with banking per se. Now, if another bank or two fail in different sectors such as mortgage and commercial lending that might indicate bigger problems may arise. For now, interest rates seem to be the tool the Federal Reserve is going to use to ease issues in lending thus helping banks and companies fulfill their operational needs.

Jobs & Millennials

It looks like many Millennials aren’t dealing with layoffs very well. As a generation that hasn’t had to endure mass layoffs and with many getting easily hired into remote roles with questionable organizational value, it’s no wonder they aren’t sure how to react. This generation can’t keep getting battered by the mistakes of their predecessor generations and made the scapegoat for all that is wrong with the economy and society in general.

For more on economic activity about a CEO who is likely in a lot of trouble and what might be happening with interest rates click this link.

This was inevitable and will be a significant test of the durability of Tesla’s. New York City is known for traffic, rough roadways, and the taxi service is a 24/7 business. How will Yellow Cab time charging? https://electrek-co.cdn.ampproject.org/c/s/electrek.co/2020/11/06/first-tesla-model-3-official-nyc-yellow-cab/amp/

www.linkedin.com/pulse/investment-your-personal-life-business-managing-burnout-jordyn-dahl

Burn out burns down businesses.

Not a good sign:

SF residential projects languish as rising costs force developers to cash out https://www.sfgate.com/bayarea/article/SF-residential-projects-languish-as-rising-costs-13183841.php?t=fdd5811214&utm_campaign=twitter-desktop&utm_source=CMS%20Sharing%20Button&utm_medium=social via @SFGate

“The company is offering commercial real estate brokers worldwide a 100 percent commission on the first year of rent paid by any tenant who switches to WeWork from a top competitor and signs a lease by October 1. Tenants also get half off the first year’s rent if they sign for at least 12 months. That means, accounting for the discount, that WeWork’s current bonus to brokers is five times the standard commission it typically offers of 10 percent on the first year’s rent.”

V V comments: Lol.

Credit crunch hits the malls – Mall fallout by Terry Pristin

https://www.sfgate.com/realestate/article/Credit-crunch-hits-the-malls-3163596.php?utm_source=sfgate&utm_medium=hp&utm_campaign=realautorandcoll

Check this out! Moving stairs – not an escalator! https://www.facebook.com/mollyanne.sherman/posts/10215015411889977

I’m all for consulting businesses but does she just tell people what they want to hear and give them ideas? she didn’t start with a business plan and that she used some market research to identify her value to clients but large sections of her website are dedicated to outlines and steps which look an awful lot like parts of a business plan minus extensive financials.

What does she actually “do” that’s worth $24,000 a month other than a tremendous amount of self promotion?

http://www.businessinsider.com/business-plan-advice-startup-entrepreneurs-2018-5?amp%3Butm_medium=referral

http://catleblanc.com/