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Cake day: July 26th, 2023

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  • The crazy part is a ‘Canadian’ company that runs out of winter wear in November. Many problems with the business, but the whole Saks thing was a complete bust. Trying to do luxury when they aren’t even doing ecommerce and retail basics for the year 2000 is obviously a going out of business strategy. Situation is that hedge funds have no idea how to run businesses, they just extract value if it goes well or juice the husk and discard if it doesn’t and move on. Their path of destruction through the US and Canada destroys livelihoods and our economic capabilities. For some people, this is extremely profitable. Amazon comes to mind.




  • I keep seeing articles like this, but I think this entire narrative is being pushed by companies that have been selling tea and infusions as non-alcoholic gin and Rye at exorbitant prices. This article is a case in point. However, there is nothing novel about some people choosing not to drink or being unable to.

    What I think is new is that we have smart watches that monitor various health metrics, including sleep and heart and stress. And these watches creat awareness of the impact that alcohol and other drugs have on our sleep and other factors. So I think the generational conclusion isn’t so much a new trend based on age, but I suspect aligns to the adoption of smart watches.

    And then there was that multi year, piss-up known as the Covid & lockdowns in which people drank far more than historic averages, so the other fascinating conclusion in this article that people are drinking less could actually just people returning to past norms.

    Then there was the insane price increases at bars and restaurants. Cocktails have nearly doubled in price and even bottles of low end beer have nearly doubled. So I get a lot more people wanting to hang out and drink at my place (I make cocktails) simply due to affordability and budget constraints.

    Finally, there’s this whole return to office and spending time with clients and coworkers and I’m seeing the slow return back to prior behaviours.

    President Krasnov is barely a month into his presidency, so I’d hold off on any conclusions for the time being.