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05-MAY 10-2023

Good morning.
Tournament June 23An old television ad for Wendy’s had three old ladies looking at a competitor’s burger and asking: “Where’s the beef?”  Today’s market also seemingly lacks some real beef behind it.  Corporate earnings have been fine.  But analysts lowered expectations going into those earnings.  And the market indices are driven by large-cap tech stocks.
Medium and small cap stocks have been in more of a selloff mode.  And somehow, despite thee of the four largest bank failures in U.S. history this year (so far), the markets have been getting calmer in recent weeks.  Chances are there could be a big bump higher in market volatility, especially as debt ceiling issues come to the forefront.
Traders should continue to stay cautious… and look to invest for the long haul only in assets that have the beef.

Now here’s the rest of the news:

Despite Fed Tightening, Conditions Continue To Worsen
Financial conditions and lending standards have become less loosey-goosey than they were during the free-money era when deposits paid 0% interest, and banks borrowed from their depositors for free.  And “financial stress,” which spiked briefly during… [Read Here]

Recession Probably Hits A 40-Year High
If they are actually telling us that a recession is coming this time around, how bad is it going to be?  In 2008, officials kept assuring us over and over again that there wouldn’t be a recession, and then we plunged into the greatest economic downturn since the Great Depression of the 1930s… [Read Here]

May 10, 2022

Hair Out Day!Good morning.
Any econ 101 student can tell you that there’s a lag effect between something like, say, the creation of trillions of dollars in spending, and inflation rates reflecting that.  We’re seeing that trend play out today, with the highest inflation levels in decades.
The good news?  Some of that new money first went to financial markets, rather than in goods and services.  That helped keep many things affordable, especially during the initial lockdown phase of the pandemic.  But today, we’re seeing the impacts of those past lockdowns (and current ones).  And we’re seeing that handing out money directly to everyone will juice inflation more than letting the Fed lower interest rates at zero, given that we didn’t have this inflation the first time they did so after the housing market crash.
Ironically, given the lag effects, inflation is likely to peak in the coming months.  But if markets fall further, a push for a new round of stimulus could kick it all off again.  Traders should continue to remain cautious, look at downside opportunities, and not shun cash, as market volatility remains high.

Now here’s the rest of the news:

Economic World War: Who Benefits? (And How Much Time Is Left?)
I have been warning about an inevitable East vs. West economic war for years.  The question was never likelihood, it was always timing… [Read Here]

The Fed’s “Soft Landing” Is Still a Crash… Here’s Why
Looks like the latest comments from the FOMC meeting have taken their toll on the markets.  The Fed decided to raise rates only 50 basis points, and start plans to… [Read Here]

May 10, 2021

MagicalGood morning.
Economists were predicting a blowout jobs report for April, with 1 million new jobs.  That might have even been the start of a multi-month trend of strong numbers.  In the real world, however, only 266,000 jobs were created last month, leaving the unemployment rate stubbornly high at 6.1 percent.
Why the big miss?  Most are now pointing to unemployment payments and human nature.  With additional federal payments of $300 a week on top of state payouts, for those at lower-wage jobs, the value of unemployment has exceeded the value of working.
Montana and South Carolina already announced they were stopping the extra payments to entice the unemployed back into the workforce.  Expect more states to announce a similar plan in the coming days.  On the plus side, the stalled job market growth caused bond yields to drop and helped stocks jump higher on the news.  That may continue for a few more months.

Precious Metals Prices
Price at week’s end (change over last week)

Gold    $1,770.60 (-0.5%)
Silver    $26.01 (-0.4%)
Platinum    $1,207.60 (-2.4%)
Palladium    $2,971.28 (+2.8%)

Now here’s the rest of the news:

Would the Last Market Bull With the Last Dollar Please Turn Off the Music 
Numbers don’t care if you’re excited about the economy or its outlook.  Fundamentals will always play a factor.  Reality always cuts through the noise, and we could be approaching that point right now… [Read Here]

Fed’s Own Survey Reveals Consumers Expect Surging Inflation to Crush Their Purchasing Power –Wolf Richter,Wolf Street
Usually consumers are willing to pay for price increases, rather than go on buyers’ strike.  This allows companies to jack up prices, and allows inflation to run even higher… [Read Here]

May 10, 2020

Raises The Spirit!Happy Mother’s Day to my mother … and all mother out there!Raises The Spirit!_2

Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday.  A collection of the weeks videos from Darren Hardy.  Enjoy!

Atlantic puffin also known as common puffin is a species of seabird in the auk family.  Newfoundland and Labrador in Canada are known to be large colony of this puffin.

PuffinsIceland, Norway, Faroe Islands, are also known to be home to these beautiful birds….

May 10, 2019

Keith and Tom “Big Al” Schreiter have done it again!  They have hit the nail squarely on the head!

In their latest newsletter entitled, “How long can we fake it?” the headline below says it completely…

We can only fake it so long, and then the world exposes our deficiencies.

Grasping the foundational pillars are the first steps toward any successful business accomplishment.  Wanting to create a business may get you started … but not having the skills to make it happen “yesterday” are reality.  That is why “we” should work hard on the four basics first.  This is the same advice I’d give an athlete, an electrician, an accountant or lawyer; or someone learning any skill or profession, unfamiliar or otherwise!

So what are the four skills?

    1. Creating rapport — people are “just” people … not clients, not prospects, not customers — with people!
    2. Breaking the ice to introduce our business into a social conversation … con_ver_sa_tion … a two-way verbal exchange!
    3. An agreement.  Closing.  Getting “yes” decisions.  Win … Win … Win.
    4. Detailing the offer … “The Presentation” … yes, the details of our offering.

I for one, did not learn any of these skills in school.  I did talk!  Hours in detention will attest to that.

I didn’t even know these skills existed until after I started my network marketing career.  But if we want to help new entrepreneurs, and give them the best start possible, let’s concentrate on giving them the word-for-word instructions for these skills.

And, which skill should we start with?  #1, of course.

[A few days back, on May 6th, to be exact I wrote an article around “Knowing our colour personalities.”]  I wish to add this tidbit…

In every skill, and every presentation, the different colour personalities will see things differently.  They will have different reactions and objections to the words we say.  Want an example?

When talking to green personalities, what dominates their thinking before they make a decision?

Well, before the benefits, the features, or even the testimonials and proof, it’s the fear of an unknown fact or issue that dominates their thinking.  This is what causes green personalities to hesitate.  Once we know this, we can adjust our thinking, our presentation accordingly.

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Come From Aways, Do You?

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