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Goldilocks Jobs Report, Beating the Market, California Forever 12/8/23

The Exchange

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Incremental Growth of a Firm, Slow Adoption of Fed Now, and Impact of Wealthy Individuals Leaving High-Tax States

This chapter explores the incremental growth and multiplier effect of using a firm's card and direct deposit feature. It also discusses the slow adoption of the Fed Now instant payment service and its potential impact on the fintech industry, while expressing bullishness towards firms and Robinhood and less optimism about Visa. Additionally, it mentions the impact of wealthy individuals leaving high-tax states on states like New York.

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