Droughts are nothing new. However, low water levels are now placing a number of areas at risk. That includes a significant impact on global trade, not just local water shortages.
While headline droughts in California are nothing new, historically-low levels in reservoirs along the Colorado River are leading to voluntary restrictions on water use in Western states. Without more rain, they may soon be mandatory.
Further south, a drought is leading to low levels at Lake Gatun, in the Panama Canal, are now leading to a 44 foot draft restriction. If low water levels continue, global shopping may lose a key link and worsen supply chains for months to come yet again.
Those in areas impacted by drought should look at ways to lower their water use permanently. And those who buy goods shipped via the Panama Canal may want to build some excess inventory to deal with a potential delay. And investors in shipping stocks may find prices whipsawing as this key trade route starts to shut down.
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Important Players Are Buying Gold At Record Pace
Buying gold has no direct impact on inflation. However, it’s important to note that the record pace is a result of U.S. measures to weaponize the dollar. Weaponizing the U.S. dollar refers to actions by the U.S. to confiscate Russia’s dollar reserves in response to… [Read Here]
Easy Money Has Led To This
Ground-hugging interest rates for more than a decade kept the inefficient and the incompetent in business. Now, the jig is up, with a Mother’s Day weekend corporate massacre that saw the bankruptcies of… [Read Here]
May 24, 2022
With the S&P 500 flirting with a bear market and the Nasdaq down nearly 30 percent since the start of the year, over $20 trillion in household wealth has been lost so far. According to estimates from JPMorgan Chase, however, there could be another $5-9 trillion to go by year-end.
With the housing market just now starting to show signs of slowing down after a record two-year run, it’s possible that number could be even further, as home value tends to be one of the largest sources of household wealth. With household wealth being a higher percentage of net worth for the middle and lower classes than the ultra-rich, who tend to have a higher allocation to stocks and bonds, investors may not want to get too bullish on stocks, even after days when the market rallies.
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Red-Hot Inflation Burning Up Budgets, Plans and Futures
Inflation is accelerating and it’s taking a bite out of retirement savers income. But just how big is that bite? According to Moody’s recent analysis it’s… [Read Here]
The Biggest Economic Danger Right Now? It’s Not the Stock Bubble or Inflation
There could be a historic bubble getting ready to burst. But if Senior Economist Jeff Tucker has his way, you won’t know it… [Read Here]
May 24, 2021
Should you ask a taxi driver if you should take an Uber instead? Or ask a hotel manager if they know any good Airbnb listings? Only if you want to start trouble. Likewise, try asking a central banker about Bitcoin.
Part of the recent drop in cryptocurrencies may be thanks to the trouble being kicked up by governments. China has come out against Bitcoin several times in the past few weeks, and dozens of times since 2013. Reports overstating the energy requirements of cryptocurrencies have been coming out as well. And in the United States, talk of how to better record cryptocurrencies for tax purposes has come into play.
These fears have arisen before, and will likely pass. Why? For the same reason taxi companies weren’t able to stop Uber.
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Why Saving $1 Million for Retirement Is Meaningless
Think having $1 million saved qualifies you for the secure retirement club? We have some bad news. It seems like $3 million is the new $1 million. We’re going to explain why a dollar-based savings goal may only provide an illusion of security… [Read Here]
Are Record Commodity Prices a Result of Demand or Futures Manipulation? –Pam Martens and Russ Martens, Wall Street on Parade
These record-setters have one thing in common: they all trade on futures exchanges owned by the CME Group. Looks like another “clandestine contract” situation… [Read Here]
May 24, 2020
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
A Newfoundland & Labrador Atlantic sunset… I just can’t think of a more magical, happy place…
May 24, 2019
the KEY to change
“Everyone thinks of changing the world, but no one thinks of changing himself.”
Everything begins with a belief. As Ralph Waldo Emerson once said, “Life consists of what a man is thinking about all day.”
Along those lines, what we think determines who we are. And who we are determines what we do.
Our thoughts determine our destiny, and our destiny determines our legacy. As British philosopher James Allen, author of As a Man Thinketh, said, “You are today where your thoughts have brought you. You will be tomorrow where your thoughts take you.”
People who go to the top think differently than others. Said differently, small thinking is self-limiting. It holds you back from achieving great things. On the other hand, nothing expands possibilities like unleashed thinking.
The good news: We can change the way we think. Believe it or not, the #1 challenge to making personal changes is your feelings. And you can control your feelings by controlling your thoughts. In other words, you can control your thoughts, and your feelings come from your thoughts. Unfortunate, because few people control their thinking, they fail to control their lives.
How can you change your thoughts?
- Think big picture. This allows you to see beyond yourself.
- Think focused. This allows you to remove distractions.
- Think creatively. This allows you to get out of your box of limitations.
- Think realistically. This allows you to have a foundation for change.
- Think strategically. This allows you to have a plan for change.
- Think possibilities. This allows you to look for and receive the best.
- Think reflectively. This allows you to gain a true perspective of yourself.
If you followed along there, you see that everything is traced back to our thoughts.
May 24, 2018
Long story short, what we think informs what we believe, for belief is a byproduct of what we’ve thought about long enough and decided to buy into. Our beliefs inform our expectations, which impact our attitude. Attitude to behavior, behavior to performance, and changing your performance changes your life.
May 24, 2017
This is my plan: Educate myself properly and don’t give my money away to someone else!
With network marketing, you control the outcome you get from your investments of time and money if you treat it like a 3.5-million-dollar investment of course. However, you cannot control interest rates or what the stock market will do.
I’m not against traditional investment plans. I’m all about leverage. Imagine you had both a traditional investment plan and a network marketing plan working in your favor simultaneously?
Holy smacks! That right there is the best investment plan of your life.