“A ‘No’ uttered from deepest conviction is better and greater than a ‘Yes’ merely uttered to please, or what is worse, to avoid trouble.”
March 16, 2022
Good morning.
The banking fears in the market won’t last long. Last weekend saw the announcement that depositors will be protected well beyond the FDIC’s prior $250,000 cap. And while some banks may need capital in the coming weeks, further bank runs are unlikely as long as depositors can get to their money.
While all that may be true, these bank failures may be a sign of a recession. The story isn’t in the headlines yet. But it may be in oil prices. That’s because it’s the commodity that powers the world – and it’s sliding to new 52-week lows. Crude oil dropped under $67.50 in trading yesterday, and could end up being down 50 percent from last year’s high of $120 soon.
It may be time for investors and traders in the energy space to take some profits, free up cash, and look for better long-side opportunities elsewhere, as last year’s winning sector now looks poised to drop further.
Now here’s the rest of the news:
President Biden Reveals How He Will Handle The Banking Crisis
President Joe Biden attempted to calm market and taxpayer jitters on Monday morning, saying that Americans can have “confidence” in the banking system after the collapse of Silicon Valley Bank… [Read Here]
Top Economist: “This Is The Tip Of The Iceberg”
Former Trump White House adviser and chief economist at FreedomWorks Steve Moore said Silicon Valley Bank’s collapse might be the “tip of the iceberg” for the financial system. Moore told Harris Faulkner on Monday that the Biden administration’s… [Read Here]
March 16, 2022
Good morning.
For years, many have assumed that the US dollar would go the way of the British Pound or French Franc and lose its status as the world’s reserve currency. However, in order for that to happen, a new challenger would need to appear on the world stage. While some have seen the Chinese yuan as a potential successor, it’s still not ready for that role.
However, it may be ready to help wean the rest of the world off of US dollars for international payments. China is now working with Saudi Arabia to accept its currency instead of the dollar for oil. Like other international payment plans over the past few years, the dollar is slowly losing its reserve currency status, which would lower standards of living stateside as it becomes harder to “export inflation,” as reserve currencies often do.
Traders should look internationally, and also consider holdings in precious metals and cryptocurrencies to hedge against more volatility in the US dollar as it gradually fades from global prominence.
Now here’s the rest of the news:
Is This The Most Reckless Fed Ever?
The Fed’s credibility shifted from Inflation Fighter under Volcker to Wealth Disparity Creator and Inflation Arsonist under Powell. And everyone knows it. I’ve been screaming about it for over a year. By January 2021, I screamed that… [Read Here]
Chinese Tycoon Breaks A Crucial Part Of The Global Economy
After “Big Shot” did not meet margin calls, the LME cancelled trades and London’s nickel market will stay closed at least until next week, giving the London Metal Exchange more time to resolve a crisis caused by a huge loss-making trade in China. [Read Here]
March 16, 2021
Good morning.
The third stimulus check of the pandemic, totaling up to $1,400, has started to hit bank accounts. With markets closed, the real action was on Coinbase, where buyers bid up Bitcoin to a new high of over $60,000 before a pullback.
While the market was expected to rally, trading was muted. Why? A new tax plan is in the works to pay for all the stimulus done now to bolster the economy. If passed, it would be the first tax hike since 1993. The tax package has an expected $2-4 trillion in revenue, and would also address infrastructure programs and climate change.
Have you gotten your stimulus check yet?
If so, how much of it are you investing in the markets? Hit reply and share your thoughts.
Now here’s the rest of the news:
Inflation – Not Covid-19 – Is Now the Biggest Risk To Markets –Sarah Hansen, Forbes
93% of fund managers surveyed expect inflation to surge in the next 12 months. Those inflation fears have led to the biggest drop in exposure to risky tech stocks in 15 years… [Read Here]
New Normal: High Unemployment. Near-Zero Interest Rates and More
Returning to the “old” normal isn’t likely. Pre-pandemic employment levels, 2% inflation, above-zero interest rates and economic security aren’t on the map. So where are we headed exactly? [Read Here]
March 16, 2020
Good morning.
Last week was a wild ride and, to be honest, I’m looking forward to a less eventful week.
It would be nice to be able to sit idly by and watch equity prices glide higher as volatility gets sucked out of the market. The realities may not be so easily achieved, but we can dream. #IHaveaDream
… about the coronavirus … It is okay to say, “I’ve heard a lot of information lately, and I appreciate your concerns & comments, but … I’m in overwhelm right now; and wish to make my own evaluations, and hope to take a break from it all now!” Thanks!
March 16, 2019
Caryl and I were out earlyish this morning. Got some groceries … picked up a new answering machine for ‘our landline’ phone. (you remember them don’t you?) Took it pretty much easy for the rest of the day! My sister shared this FB Post last week. I’ll try to re-capture its essence…
Sorry, video no longer available!
Have a great ‘rest’ of your week! 😉
March 16, 2017
Gold is up over $25 today … and I must own the only gold mining company stock that actually went down throughout the day.
I’ve taken on a business challenge. Here are my notes for the day. Sorry if they are of little/no interest to you. Here goes!
“The way you introduce your business or your products MUST be duplicatable by everyone you speak to.”
From Day One: Always be thinking, ‘What does this person need?’
- Better health?
- A new car this year!
- Being debt free…
- To have a holiday, or
- To travel more ‘for fun’ instead of just business.
Tools must show the Whole Package:
- Company video & follow up plan, and,
- On how to save money as a business entrepreneur (before you’re earning or making money.)
- Essentially [Sharing Value]
REW
