With the U.S. Treasury warning that the government could run out of money in the first week of June, markets are finally starting to look at the potential for a default with a week to go. Chances are we’ll see a further move lower in the coming days so long as there’s no deal in place.
As we’ve seen in the past, there’s a tendency to run debt ceiling deals up until the last possible minute, which tends to follow with a relief rally. Today’s investors can follow that plan by looking for stocks to buy in the next week, particularly on a strong down day.
Now here’s the rest of the news:
Demographic Karma Vs Economic Dogma
What happens when you bleed your workforce while enriching those who already own assets with one bubble after another, all in the name of “fostering growth”? To answer this, let’s modify a felicitous phrase… [Read Here]
JPMorgan Makes A Very Controversial Maneuver
Wall Street mega banks, as well as others, are moving vast amounts of their debt securities from one accounting category to another accounting category in order to stretch out unrealized losses over the life of the instrument… [Read Here]
May 25, 2022
Bonds, cryptocurrencies, and stocks have fallen precipitously so far this year. Now, housing is next up. New home sales dropped 16.6 percent month-over-month in April, the highest drop since the initial Covid lockdowns. As interest rates rise, the cost of getting into a home has become pricey enough to keep prospective homeowners renting.
Given that most Americans have a tremendous amount of their wealth in the form of home equity, a drop in housing prices will likely have a larger impact on consumer spending than a drop in the stock or bond market has so far. If home sales continue to drop at their present rate, it could also lead to substantial pullbacks in consumer spending elsewhere. Traders should continue to remain cautious, and look for further downside opportunities here.
Now here’s the rest of the news:
Top Investing Strategist Fear “Panic Selloff”
Investors, already grappling with a sinking stock market and fears that the U.S. economy may be heading for a recession, now turn their focus to the consumer. For one thing, consumer discretionary stocks are among the hardest hit… [Read Here]
Powell Admits Defeat, Says People Should Prepare For Pain
Federal Reserve Chairman Jerome Powell said Tuesday that the central bank will continue to raise short-term interest rates — which will likely slow economic activity — until there is “clear and convincing evidence” that inflation is coming down… [Read Here]
May 25, 2021
Inflation has gone from a dreaded word to a painful reality. Who knew that printing money, combined with shutting down access to goods and services during a pandemic would lead to higher prices? With everything from lumber to steel to corn at multi-year highs, inflation is looking higher than the government’s official numbers.
Enter China. Regulators there have announced that they’re looking to step in and keep prices on key commodities, mostly in the metals market for now, from rising any higher. If commodities stop their recent rally, other areas may have the opportunity to cool down as well. If so, it’s possible that China’s commodity crackdown, if effective, can lower inflation rates and soothe troubled markets.
Precious Metals Prices
Price at week’s end (change over last week)
Gold $1,883.24 (+2.0%)
Silver $27.66 (+0.5%)
Platinum $1,178.46 (-4.6%)
Palladium $2,812.99 (-3.9%)
Now here’s the rest of the news:
Inflation Surge May Warn of an Economic Tsunami
We’re living through a historic surge in inflation. But it’s a lot worse than the Fed’s numbers admit. This may be the first stage of a financial catastrophe that starts slow, then sweeps away your wealth before you know it…[Read Here]
Welcome to the Black Box Economy –Emily Stewart, Vox
The pandemic economy has been strange and unpredictable from the get-go. Anyone who says they know exactly what’s happening? They’re lying… [Read Here]
May 25, 2020
Memorial Day became an official holiday in 1971 but was originally known as Decoration Day and began following the Civil war. It began as communities organically began to offer remembrances of those that were lost.
One of the earliest such gatherings recorded was organized by a group of freed slaves in Charleston, South Carolina in 1865. This is a wonderful time to remember family members, visit grave sites and become reacquainted with our history.
The Memorial Day holiday is upon us and the markets are closed. Now‘s an opportune time to take a break from coronavirus fear, U.S. – China trade tensions, political squabbling in Washington, and all of the media white noise that can cloud an investor’s judgment.
I want to focus like a laser beam on Job One, which is to help YOU make money.
This Memorial Day, Go From Worrier to Warrior
Watch what they do — or teach — or do!
How many consultants, speakers, and experts are great at doing what they themselves teach?
Good question, right?
You’d think the answer is “ALL of them.”
Sadly, the true answer is “very few.”
How many more experts, coaches, mentors, and so-called gurus are in the “Do what I say – not what I do” category?
Sadly, the answer is “plenty.”
From 2002 – 2005, I was a jack of all trades in the speaking, training, and coaching business.
“Guilty as charged, officer”…
- I taught leadership and I never led anyone
- I taught sales and I sucked at selling
- I taught customer service only ever having been a customer :o)
- I taught hiring, firing, and team building with a deep background and experience in exactly zero hirings, no firings, and no team
You get the idea.
Then as I started to coach and mentor other speakers between 2005 and 2008 (for free, over coffees, breakfasts, lunches, and way too many “pick your brain” phone calls), a light bulb went off:
Forget about doing what you teach.
What if I only taught what I DO?
Back in 2008, I flipped the switch on this for my own business.
And then I raised the bar even higher:
I decided to only teach what I had mastered. Nothing else.
Dropped all the other workshops, coaching, and consulting gigs.
- I was a working professional speaker — let me teach how to do that.
- I started doing 1–1 private coaching in 2003. Let me teach that.
- I started monetizing group coaching in 2008. Made a couple hundred grand. Let me show others.
- I started marketing via teleseminars in 2009. Made another couple hundred grand. Let me share those secrets.
- I started selling via webinars in 2012. Over the past 8 years, webinars have generated over 5 million dollars in revenue and grown my email list to 38,000. So let’s break that down for you so that you can do the same.
See the pattern here?
1. I screw up (a lot)
2. Experiment, tweak, test, validate, implement, refine
3. Master and monetize the hell out of it
4. Teach others so they can skip steps 1 & 2 and jump to step 3!
Some people call this “selling shovels to gold miners” and feel it’s sleazy for highly successful coaches to sell to other coaches or highly successful consultants to sell to consultants, which when you look at it logically, is complete bullshit. (Topic for another day…)
It’s more like doctors teaching medical school. Only the best get to do that.
And those doctors have seen every possible variation of symptoms, problems, and complications. They know the traps, missteps, & mistakes as well as the insights, shortcuts, latest cutting-edge treatments, and non-obvious practices that will help their interns become better practitioners and save more lives.
So that’s what I think about that.
May 25, 2019
“I find inspiration by letting go and being my true authentic self.”
(Say this 3 times today)
Have you ever had to write an email, make a video, or simply do a task and have felt uninspired?
Pretty normal, right? We’re human, after all.
Today, we’re sharing the process with you, and also sharing parts of the process for creating content with you.
Here are a couple of books I am reading at the moment:
May 25, 2018
A bit late in posting this … but a quick look at the photo will give you the idea.
In Canada, particularly in Calgary, AB … we don’t plant any bedding plants, or put our seedlings we grow in the house … outside until AFTER the May 24th long weekend.
A lot of people are willing to wait one or two more week-ends, ’til June 1st, to do their planting. Yesterday was HOT and SUNNY, so a lot of people threw caution aside…
What a difference a day makes. Today, I planned to BBQ, no matter what… Surprise!