Household income expectations just dropped by their largest amount on record. That’s a big of bad news hidden among the good news that households also see inflation trending lower. But it’s a sign that consumers are about to slow down.
A lack of increased earnings, combined with the drawdown of pandemic-era excess savings, and rising levels of credit card balances to record highs all suggest that consumers could tap out this year. Without the prospect of any government stimulus, chances are a slowdown will finally take shape this year, which could lead to further declines, particularly in consumer-sensitive parts of the market.
Traders should continue to look for opportunities to profit from sectors in decline.
Now here’s the rest of the news:
Phillip Patrick Investigates Biden’s New Tax – What He Finds Is Very Alarming
There was a lot in this week’s State of the Union speech that came as no surprise. Phillip Patrick’s predictions turned out to be… [Read Here]
American Families Are Getting Increasingly Desperate
Right now times are tough for those of us trying to scrape together a nest egg to support us during our golden years. Usually, during times like these only the… [Read Here]
February 14, 2022
On Friday, many noticed that the Federal Reserve would be having an “Expedited, Closed” Board Meeting today at 11:30 AM Eastern time. Given that a number of Fed members have spoken increasingly about the need to hike interest rates, markets remained on edge Friday that a rate hike could now come as quickly as, well, today.
If that happens, it could be seen by traders as a sign that inflation is out of control, the Fed is way behind the curve, and that things are going to get worse before they get better. Rather than soothe the markets, it could allow us to quickly retest January’s market lows — or even plunge further.
However, later in the day, the Fed released its latest calendar, which suggested that an emergency rate hike was off the table.
But, with news on Friday afternoon that Russia may invade Ukraine this week, anything could be on the table. Until we get a clearer picture on these fronts, traders should continue to remain cautious, and look to take quick profits on trades, as well as look to hedge long positions with tools like covered calls.
Precious Metals Prices
Price at week’s end (change over last week)
Gold … $1,860.31 (+2.8%)
Silver … $23.65 (+4.7%)
Platinum … $1,038.00 (+0.5%)
Palladium … $2,344.25 (+0.9%)
Now here’s the rest of the news:
Analyst: Wall Street Is Rigged and Here Is the Proof
The pernicious stuff that goes on in the financial markets now is in some ways just worse than it was back then. And it’s bigger now that… [Read Here]
February 14, 2021
Pssst … It’s Valentine’s Day Today!
“When you KNOW what you want, and want it BAD enough, you will find a WAY to get it.” –Jim Rohn
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Naturally beautiful: Lots of things to-do in, Newfoundland, Canada.
Anything you want!
February 14, 2020
“Life is becoming an endless, terrible competition.” —Daniel Markovits
Next up is student-loan debt, a trillion-dollar stone placed on young adults’ backs. Or, to be more accurate, the $1.4 trillion stone, up 6% year over year and 116 percent in a decade; student-loan debt is now a bigger burden for households than car loans or credit-card debt. Half of students now take on loans of one kind or another to try for a higher-ed degree, and outstanding debts typically total $20,000 to $25,000, requiring monthly payments of $200 to $300 — though of course many students owe much more. Now nearly 50 million adults are stuck working off their educational debt loads, including one in three adults in their 20s, erasing the college wealth pre-mium for younger Americans and eroding the college earnings premium.
Finally, child care. Spending on daycare, nannies, and other direct-care services for kids has increased by 2,000 percent in the past four decades, and families now commonly spend $15,000 to $26,000 a year to have someone watch their kid. Such care is grossly unaffordable for low-income parents in metro areas across the country, causing many people to drop out of the labor force. But one in four American mothers returns to work within two weeks of giving birth, so heavy are the other cost burdens of living in this country. The whole system is broken. The federal government has set as a benchmark that low-income families should not spend more than 7 percent of their income on child care.
But child care is generally the single biggest line item on young families’ budgets, bigger even than rent or mortgage payments: Putting a kid in daycare costs 18% of annual income in California; home-based options equal 14% of family income in Nebraska; having an infant in professional care in the District of Columbia costs more than most poor families earn. It all adds up, and it all subtracts from families’ well-being. The price tags for tuition & fees at colleges and universities have risen twice as fast as wages, if not more, in recent years. Rental costs are outpacing wage gains by a percentage point or more a year. Healthcare costs have grown twice as fast as workers’ wages. And childcare costs have exploded. These cost pressures are particu-larly acute on young Americans who have seen worse employment prospects and smaller raises than their older counterparts.
“I wish the solution was as quick and simple as going to an ATM machine!” Maybe it is. 😉
February 14, 2019
Happy Valentine’s to one ‘n’ all…
Reading can be a powerful catalyst for thinking; it has the potential for stimulating wisdom.
February 14, 2018
February 14, 2017
Did you know that last year Americans shelled out a record $19.7 billion dollars on tokens of love and devotion such as jewelry, flowers and heart-shaped boxes of chocolate? While researching the origins of Valentine’s Day “we” stumbled across some fun information that “we” thought most people didn’t know. Here are a few of the weird facts found, as reported by WiseBread.com.
- The average American will spend $119.67 on Valentine’s Day this year, up from $100.89 last year.
- Men spend almost twice as much on Valentines Day as women do. This year, the average man will spend $156, while the average woman will only spend $85.
- More than one-third of men would prefer not receiving a gift. Less than 20% of women feel the same way.
- Around this season, a dozen long-stemmed roses can cost an average of $75, or about 30% more than the normal price of $58.
- More than nine million pet owners are expected to buy gifts for their pets s this Valentine’s Day.
- 15% of U.S. women send themselves flowers on Valentines Day.
- Over 50% of all Valentine’s Day cards are purchased in the six days prior to the holiday.
- One billion valentines are sent each year worldwide, making it the second largest card-sending holiday of the year behind Christmas. Women purchase approximately 85% of all valentines.
- The roots of St. Valentine’s Day can be traced back to the Roman fertility festival of Lupercalia. On Lupercalia, a young man would draw the name of a young woman in a lottery and would then keep the woman as a sexual companion for the year.
- In the Middle Ages, young men and women drew names from a bowl to see who their valentines would be. They would wear these names on their sleeves for one week. Today, to wear your heart on your sleeve means being transparent with your affections.
There are more! To read the entire article click here.