Does Weak Box Office Reflect Weak Economy? – Ep. 252

Summary: Box office revenues for this holiday weekend were the weakest since 1999.  Why is that? Some say the movies were not very good, but I think it's more likely that this is just another piece of evidence that supports the fact that the consumer is in much worse shape than is generally perceived. * Hopefully everybody had a happy Memorial Day weekend; I spent my holiday weekend up in Vancouver at the International Metal Writers Conference * And when I came home, I came back to my home in Connecticut * This was the first year I spent the winter in Puerto Rico, from January 1 until just a few days ago * I bought a condo in Puerto Rico a few years ago, I moved my Euro Pacific Asset Management Company there from California at about that time, but I'd never moved there myself until this year * I like snow, it's pretty, but the next time I see snow it's because I'm skiing on it * I'm a snowbird now * But this time I'm not only flying out of bad weather, I'm flying out of high taxes * It's not just the high taxes in Connecticut; it's the high taxes in the U.S. * By the way, Connecticut is basically broke, if you read a lot of the articles now * The tax revenue is collapsing * I'm moving from a bankrupt state to a  bankrupt territory * Puerto Rico has already declared bankruptcy; Connecticut hasn't actually done that * Connecticut is admitting that they can't raise taxes on the rich anymore, because the rich are leaving * I moved down to Puerto Rico with my wife and two young children, and I love it * I live in a nice community, Dorado Beach; great neighborhood, many in the same situation as me * I read this article about box office - holiday weekends are usually a good time for Hollywood * Memorial weekend is a big weekend to kick off the summer movie season * The article I read stated that box office revenues for this holiday weekend were the weakest since 1999 * Why is that?Our Sponsors:* Check out Chilipad and use my code sleep.me/GOLD for a great deal: https://sleep.me* Check out DBJourney and use my code Schiff15 for a great deal: https://dbjourney.com* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai* Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy