The Bank of Canada surprised markets with a rate hike yesterday. The nation now has an interest rate of 4.75 percent, a 22-year high. However, investors were caught off guard by the rate hike as the central bank had previously announced a pause in rate hikes.
With most investors expecting the Federal Reserve to pause in the U.S. now, it’s a reminder that we may not get much of one for long. Inflation still remains well over expectations. And the labor market remains strong as well, indicating that the economy may not have slowed where it needs to be to not only get inflation down, but keep it down.
Traders and investors alike should be on the lookout for a potential negative surprise ahead. Following the debt ceiling deal, there’s little that looks unpleasant out there, but it’s always the unknown surprises that tend to hit markets hardest.
Now here’s the rest of the news:
The Most Damaging Long-Term Trend
What happens when the competent retire, burn out or opt out? It’s a question few bother to ask because the base assumption is that there is an essentially limitless pool of competent people who can be tapped or trained to replace those who retire, burn out or opt out… [Read Here]
Most Americans Won’t See This Coming
There is nothing wrong with being optimistic, but blind optimism can be a very dangerous thing. The reason why so many of the “experts” were shocked by the Great Recession of 2008 and 2009 is because they didn’t want to believe that such a thing could happen… [Read Here]
June 08, 2022
Typically, investors reach their peak fear in the market right as things are about to change. And while the past few weeks haven’t been as bad for stocks as the last few months, we’re not quite out of the wood yet. Sentiment indicators are still showing high levels of fear in today’s markets.
However, we haven’t seen the sharp selloffs that tend to indicate one last final fearful rush for the exit by investors. That’s led some to believe that we may be in for a further downtrend.
While that’s certainly a possibility, investors know that staying invested for the long-term will pay off over time. That may be why we haven’t seen a further downtrend, even with a rough few weeks for stocks. That likely means that markets will continue to see high daily volatility, which offers traders a number of market swings to potentially profit from on both the long and short side.
Now here’s the rest of the news:
4 Experts Predict Major Economic Disaster
Inflation continues to spiral out of control even as economic activity in the U.S. dramatically slows down. Many have compared what we are currently experiencing to the “stagflation” of the 1970s, but the truth is that what we are facing will eventually be… [Read Here]
World Bank Says Recession Is Guaranteed, Here’s Why
The World Bank warned Tuesday that the global economy faces the risk of dreaded “stagflation,” with this combination of high inflation and low growth tipping some countries into recession. They say things will get… [Read Here]
June 08, 2021
The President of El Salvador, which has a GDP of $27 billion, intends to introduce legislation to make Bitcoin a form of legal tender in the country. If approved, there could be global ramifications.
Currently, regulators remain mixed as to whether Bitcoin (and other cryptocurrencies) are a form of property, a commodity, or a security. By adopting a legal tender standard in one country, other countries would likely have to start treating Bitcoin as any other currency. Improving the legal status of cryptocurrency could make it easier for international institutions to own.
No doubt other small countries will want to see the impact (if any) the announcement has on trade, tourism, and monetary policy. Time will tell just how historic this development is.
Now here’s the rest of the news:
Former Obama Adviser Larry Summers Warns Joe Biden: Inflation the ‘Primary Risk’ to U.S. Economy –Charlie Spierling, Breitbart
“Already, consumer prices have risen almost as much as the Fed predicted for the whole year,” Summers wrote. He offers one suggestion for President Biden to implement… [Read Here]
June 08, 2020
I hope you had a great weekend and had a chance to digest what just happened on Thursday and Friday last week. It was truly remarkable. Early in the market’s recovery, it was solid names and companies that were poised to gain from the pandemic.
That has transitioned to companies that may have been under-valued but good companies. Now, it’s about squeezing the shorts on incremental optimism that has yet to ﬁnd a strong foundation. Have we ﬁnally wrung out all the new buying interest, or is the market poised to hit new all-time highs? That would be unfathomable.
“Tough times don’t last, tough people do.”
Here’s a great message/lesson from Harvey Mackay.
Enhance Your Life During Tough Times…
For so many of us working from home during our stay-at-home restrictions, the days seem to take on an eerie similarity regardless of how much we actually accomplish. I can barely remember the last time I put on a suit and tie!
On my reading pile was an article on easy ways to enhance your day. It got me thinking about simple ways to improve my own life and outlook. Clearly, these times are not business as usual, but we need to stay sharp so that when we do start returning to our routines, we are ready to roll. I’ve picked out a few items that intrigued me especially.
You don’t have to make drastic changes to improve your days and life. Take it one step at a time.
The list starts by advising people to re-evaluate their sleeping habits. Get to bed early and wake up early to get the day started. I find that most days I don’t need to set an alarm because my body wakes me up naturally. I used to worry that I would miss something if I slept more than a few hours. Now that I know better, I don’t feel guilty about getting more rest. Pace yourself. There will always be busy times that you can’t avoid, but when possible, keep them to a minimum, so you can stay level-headed with less stress. Learn to say no without feeling guilty. I love when people are willing to take on extra tasks when necessary. However, I do not love when their work is substandard or their usual responsibilities suffer because they are buried and on overload. Know when to say no.
When things do get hectic, find a quiet place you can go to think and get the maximum amount of work done. Smartphones and social media can overwhelm us to distraction. To be more productive you need to put limits on all these interruptions. I have a window of time every afternoon when I ask people to call me back. Time management is crucial.
Organize your life, which means cleaning up your office and home workspace. If you are working from home, you likely have less space to spread out. An orderly space saves time and frustration.
I try to do two things every day that I need to do but have been dreading. Get them out of the way in the morning so I can face the rest of the day fresh. We all procrastinate on items we would rather not deal with, but the longer we put them off, the more difficult they become.
Make a prioritized list. I live and die by my lists! Plan what you want/need to achieve for the day and concentrate on completing that list. Allow some time for last-minute emergencies. Before the day is out, plan your next day.
Keep track of your goals. Goals give you more than a reason to get up in the morning; they are an incentive to keep you going all day. Goals tend to tap the deeper resources and draw the best out of life. Achieving goals produces significant accomplishments.
Limit the time you spend with negative people or those who drag you down. I surround myself with positive people that encourage me and lift me up, and for whom I can do the same.
Look for the good in other people. One of my all-time favorite aphorisms is: “A pat on the back accomplishes more than a slap in the face.” Right now, especially, whatever we can do to lift each other up will elevate us all. Sometimes a little encouragement is all it takes to keep another person going.
Read more, whether it be the newspaper, a website or a good book. What an opportunity to tackle that stack of books you’ve been meaning to enjoy! If you have children at home, and have become a “substitute teacher,” model great habits by reading with them or to them.
Now that we’ve all binge-watched old episodes of TV shows into oblivion, check out the fascinating courses and podcasts that will broaden your horizons. Take advantage of the empty hours when you would have been at a movie, sporting event or traveling and use that time to learn something new.
Finally, don’t expect others to make your life better. These challenging times will pass, and we’ll be playing catch-up for a while. Make the best of these days to prepare for the best tomorrows.
June 08, 2019
Coke™ said they “NAILED IT.”
“Big Al” nailed it too.
Tom “Big Al” Schreiter and “I” Robert Walker have a confession to make: We are both “Network Marketing Professionals.”¹
That is extremely easy to confess when you are 100% in understanding of what it truly means … a big part of it is a “DSA code of ethics.”²
That “DSA code” is not the purpose of this BLOG Post!
The purpose of this BLOG Post is EXPOSE Why do people say “no” to us?
Most people want what we have to offer. It is better than what they currently have in their lives. We offer better health, better skin, better value in travel, part-time incomes, a chance for full-time incomes, and more. Of course, almost everyone would want these.
However, many people say “no” to our offers. Why?
Because our offers come bundled with our agenda. Prospects think we have an agenda to make money off of them, to make them do something they don’t want, and to change them against their will.
So we don’t need better offers. What we need to do is remove our agenda, or the appearance of an agenda. Sales presentations scare prospects. A more natural conversation is the better path.
Removing scary objections from prospect.
Prospects want a career in network marketing with all of its benefits. What scares them and keeps them away?
It isn’t the chance of failing. They can quietly live with a few failures in their lives.
Here is what is really scary. It is failing and having their friends and relatives know about it, and then hearing, “See? I told you so.”
If we are smart, we will handle this objection early in our presentation, and remove the #1 reason that people do not join.
Remember, we could be one person away from changing our lives forever.
Have a great weekend!
Sources: ¹Eric Worre, author of GO PRO [7 Steps To Becoming A Network Marketing Professional]