Wall Street Unplugged - Your Best Source For Finance, Investing & Economics

President Biden delivered his first State of the Union address last night. Daniel shares what he thought Biden did well… while I focus on what upset me about the speech—and what politicians could learn from Mike Tyson. [0:45] Of course, much of the address centered on Russia’s invasion of Ukraine. Daniel and I discuss the economic sanctions against Russia… whether they’re working as planned… and how the war will impact energy prices. [9:53] Fed Chair Jerome Powell announced plans to raise interest rates by 0.25% later this month... saying he “hopes” inflation goes down. While I’m riled up about the flip-flopping Fed, Daniel says I shouldn’t be surprised. [14:25] Warren Buffett released his annual letter to Berkshire Hathaway (BRK.A) shareholders over the weekend. Daniel explains why every investor should read these letters… and a couple of items that stood out to him from this year’s. And we discuss why Berkshire will benefit from inflation. [20:10] Next, we focus on Buffett's comments regarding share buyback