We’ve reached the “shotgun merger” stage of the banking crisis, as UBS and Credit Suisse have merged, with a push from Swiss regulators. The deal wipes out a lot of bondholders at Credit Suisse, as well as most of the company’s equity holders.
However, the move was likely a long time coming. Credit Suisse has been a big target among big international banks, as the company has struggled with poor risk controls and a long list of litigations. While the weakest bank to go, it’s also clear from the European Central Bank’s interest rate policy that things could continue to get worse before they get better.
The rumblings in the banking sector can spill over and create real-world problems. So traders should continue to look for trades that can profit on the downside – and to keep some extra cash on hand to take advantage of any fire sale prices.
Now here’s the rest of the news:
Something Horrifying Is Spreading Across the Banking System
Apparently, some banks aren’t “too big to fail.” By now, you’re aware that Silicon Valley Bank (SVB), the nation’s 16th largest bank with $342 billion in… [Read Here]
We Are in the Eye of the Hurricane – What Happens Next?
March 16th was the 15th anniversary of the first bank failure of the Global Financial Crisis. If you were paying attention to financial markets back then… [Read Here]
March 21, 2022
We warned last week that the bond market was starting to show signs of a yield curve inversion. Historically, that’s always been a sign of a recession within the coming months. History also shows that investors tend to show some concern at first… but then the party in other markets, particularly the stock market, continues.
As of Friday, bond markets are now pricing in a potential recession as early as 2023, but definitely by 2024. The real question is how committed the Federal Reserve is to breaking inflation before that happens. A recession tends to be when many assets are liquidated at low prices, and tends to be deflationary by nature.
Traders can certainly bet on a rebound from the current market selloff in the coming months… but should be mindful of bigger drops ahead with US Treasury yields now signaling a recession ahead.
Now here’s the rest of the news:
Why Gold’s Price Surge Is Just Getting Started
Given gold’s comparatively high valuations to the years prior, it seems strange to say that last year marked gold’s worst performance since 2015. Nonetheless, it has rebounded with a… [Read Here]
March 21, 2021
“The game is not to try and eliminate problems, it’s actually to be strong enough to handle them.” –Bethany Hamilton
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 and see at: Twillingate, Newfoundland, Canada.
More wonders in Newfoundland and Labrador!
March 21, 2020
Attitude: The Difference Maker
Have you ever heard the phrase “attitude is everything”?
The truth is, attitude isn’t everything, but it is one thing that can make a difference in your life — a tremendous difference, in fact. As John C. Maxwell so eloquently describes, “Your attitude is the paintbrush of your mind.”
But there are several reasons attitude isn’t everything:
- You cannot disconnect attitude from reality and expect success.
- Your attitude can’t substitute for competence. Some people confuse confidence, which is a function of attitude, with competence, which is a function of ability.
- Your attitude can’t substitute for experience.
- Your attitude cannot change the facts. As Maya Angelou famously said, “If you don’t like something, change it. If you cannot change it, change your attitude. Don’t complain.”
- Your attitude cannot substitute for personal growth.
- Your attitude will not stay good automatically. It’s easier to maintain an attitude than it is to regain an attitude.
The point is that attitude alone isn’t going to cut it. That doesn’t mean, however, it isn’t really, really darn important. In fact, attitude is a key, powerful ingredient in the recipe for success, fulfillment & purpose. And while your attitude isn’t everything, it can do a whole lot for you; as a matter of fact, in many situa-tions, it’s the difference-maker:
- Your attitude makes a difference in your approach to life.
- Your attitude makes a difference in your relationships with people. It influences how we see others, and it determines whether we lift others up or deflate them. And the right attitude allows us to learn from each person we meet — every one of which who has something to teach us.
- Your attitude makes a difference in how you face challenges.
Clearly, attitude is a difference maker…
March 21, 2019
Get Ahead In Your Job With These Basics
Whether you are starting out in your career or just want to improve, you need to earn the trust of your bosses and co-workers … and … No matter how much workplaces have changed over the years, there are still some basic guidelines to follow that will help you stand out. These are some of the most important lessons we can offer.
- Arrive on time consistently. Yes, some-times the traffic is bad or the train runs late. Train yourself to arrive at work within a specific window so people don’t have to guess when you’re coming in — or whether you’re coming in at all.
- Dress appropriately. Take note of how your co-workers dress, and follow their lead. You don’t want to be too formal, but sloppy clothes and poor personal hygiene can mark you as unserious or unprofessional.
- Introduce yourself effectively. Practice a quick introduction — no more than 30 seconds — so you can make a good first impression on the people you meet. Remember to look people in the eye and give a nice warm handshake.
- Remember names. Make an effort to keep people’s names in your mind. You’ll impress them and show that you’re paying attention. The best way is to repeat their names a few times when you first meet to lock the name in your head, or write it down at your first opportunity.
- Stay organized. lf you’re scrambling to find things on your desk, or always late for meetings, you’ll look scatter-brained and undependable. Set up a system for tracking information and managing your time so you’re always on top of things.
- Use email professionally. Keep in mind that your email at work belongs to your employer, not to you. Write every email as if it might be read aloud in court. You don’t want a flippant remark or a bad joke coming back to haunt you.
- Share the credit generously. Collaborate with your co-workers as much as possible, and let your boss and other people know they’ve helped you. No one wants to work with someone who hogs all the accolades, but people are happy to cooperate with a co-worker who is generous with the credit for a job well done.
- Talk to your boss. Make time to check in with your manager when you don’t have a problem to report or a question to ask. Don’t monopolize their time, but make contact to offer a suggestion about a project or ask for feedback. Let the boss know you are interested and eager.
- Volunteer. Don’t wait for your manager to ask you about joining a committee or task force. Jump at the opportunity to be in contact with colleagues outside your depart-ment and build your image throughout the organization.
- Go above and beyond. If you really want to impress people, accept responsibility that others might have backed away from or didn’t want. Never pass up an opportunity to show your willingness to learn and work hard. There will always be a place for the person who says, “I’ll take care of it.” And then does it.
- Don’t give up. Stick with your projects and get them finished, preferably on time. Show your managers that they can rely on you to keep your commitments.
- Network. Get to know the most talented people in your organization regardless of their titles. Don’t ask them for help — rather, offer to help them when you can. That builds positive relationships and earns you a reputation as someone who puts the organization’s objectives first.
- Keep learning. I’m an advocate for lifelong learning, and l strongly encourage people to keep their brains fresh by learning both on and off the job. Be curious. Delve into subjects that will make you a more valuable employee.
Hope you found that helpful. 🙂
March 21, 2017
Strong leadership is central to engendering a positive cultural environment.
If I am in charge of a team that is not functioning properly — it’s highly probable is is my fault. I need to take a good hard look at myself and take responsibility for the situation so that it can be repaired.
Nothing is wrong is seeking advice from my mentors … It is wrong to hide from the truth.