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#Apple #Microsoft #Meta #Facebook #Exxon #YomKippurWar #Green #LEDLights #LosAngeles #TomCruise #Israel #OAPEC #OPEC #SaudiArabia #OilProduction #ShaleOil #Tesla #CultOfPersonality #SteveJobs #AlfredENewman #BillGates #EVs #ElectricVehicles #GreenParty #Earthquake #RebrandingGlobalWarming #Covid #OrangeTrees #MarjorieRollins #MadMagazine #BeverlyHillbillies #BlackGoldTexasTea #SmudgePots #OilPots #MarjorieTaylorGreene #NewReligionofGreen #NewReligionofScience #Trump #Biden #Obama #BeerSummit #PowerGrid #TimCook #FoodFight #China #Mexico #Ford #GM #California #X #Brazil #Collateral #Movies #LosAngeles #NeonSigns #Kelvin #CashPiles #Billions #JohnBelushi #AnimalHouse #TogaParty #GargantuanYachts #IQ
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Why Are Companies Sitting on Cash Right Now?
Paul Grant Truesdell, J.D., AIF 0:00
One of the interesting articles that appeared in The Wall Street Journal is about the technology companies we're always talking about in the video, and we're talking about Facebook, or meta or Amazon or Apple, but looks like an old school name has come back to be popular. Yes,
Paul Truesdell, II 0:16
everybody forgets how influential the energy industry is. But it keeps everything chugging including all the aforementioned companies that everybody is so obsessed with.
Paul Grant Truesdell, J.D., AIF 0:25
So we're talking about Exxon. Exxon is a company that has amazing strong demand, because the global economy is stronger than ever. And guess what? Because of Ukraine and the Middle East, and now Israel, and oh, gosh, everything that's going on the increase Israel in Iran escalation looks like oil prices are steady Yeti. Yeah, definitely. And sometimes old school companies tend to come back and smile.
Paul Truesdell, II 0:58
Well, it's one of the it's a bedrock company, I kind of view it, you know, in more ways than one. Yeah.
Paul Grant Truesdell, J.D., AIF 1:04
I mean, look, everybody's been talking about falling inflation. I've been talking about bond yields. And, you know, listen, a lot of people in bonds got slaughtered few years ago. Yeah, especially. So you know, a lot of people, not our clients. Right now, not our clients, those of you who were buying bonds in the 0% range, or the 1% range, when inflation went up, and they lost value, if you sold them, if you hang on to them, you're doing fine. But problem is
Paul Truesdell, II 1:31
a lot of people don't have the option to not sell because they own bond funds, whether they're mutual funds, or ETFs, or whatever. And those funds are forced to rotate based on certain criteria or whatever. And, you know, they lost value, purely because they the fund itself is a marketable security and speculation against the assets that they hold, causes the value of the fund to go down. So it's just a lot o