With gas prices down about 30 percent compared to this time last year, Americans are hitting the open road. However, gas prices may not stay down forever. Over the weekend, Saudi Arabia and Russia announced an extension of export cuts. As the key player in the OPEC cartel, Saudi Arabia has made a number of cuts to prices this year, likely in a bid to keep oil over $70.
Chances are the cartel may overshoot on its production cuts, and prices will jump higher in time. Investors may want to look at buying some bargains in the energy space now, especially as these companies are still inexpensive and many major oil companies offer dividend yields above that of the overall market.
Now here’s the rest of the news:
How Bad Will the Incoming Recession Be?
Time to batten down the hatches, folks. That warning comes from HSBC Asset Management earlier this week. It could be a long and severe recession, too. It’s not that surprising, once you consider… [Read Here]
Third Largest Trucking Company Close To Bankruptcy
Higher fuel prices? Lost market share? Worker pay hikes to offset inflation? With the nation’s third-largest LTL carrier on the ropes, analysts are struggling to determine which market forces doomed Yellow Corp. and who could be next in line… [Read Here]
July 05, 2022
With a rough first half of the year, many are expecting a market rebound in the second half. While that could happen, there may be more downside before that occurs. The reasons are simple. Interest rates are still rising, and the Federal Reserve isn’t done hiking rates yet, even with signs that the economy is in a recession.
Now, we’re starting to see companies announce layoffs or delaying new employee hires. That’s a sign that companies are looking to protect themselves from a further operational decline in the months ahead.
The good news? The market started dropping before the economy did. And it will likewise start moving up even as things look ugly. But chances are the current status quo of a general downtrend with a few big rally days will be the trend for a few more months yet.
Now here’s the rest of the news:
Social Security to Be Drastically Cut, Here’s When
Retirement security is an important concept. Unfortunately, corporate media spin and politicians who like to meddle with retirement plans muddy the definition and… [Read Here]
Will This Recession Rival the Great Depression?
By the time you read this, the U.S. economy will likely be officially mired in what could be a long and deep recession. Ark Invest CEO Cathie Wood said Tuesday we’re already there… [Read Here]
July 05, 2021
When Coinbase (COIN) went public in April, it coincided with a high price in Bitcoin. When AOL and Time Warner merged in the late 1990s, it heralded the end to the tech bubble of the time. In 2007, real estate billionaire Sam Zell sold off his holdings, a year before the biggest real estate crash in US history.
There’s something about a big merger or IPO that could be a sign of a market making its final top before having a bear market. This time around, the harbinger might be Robinhood. The brokerage firm just filed its IPO paperwork. And just like Coinbase earlier this year, company insiders aren’t looking at a lockup period. Instead, they’ll be allowed to sell shares on day 1. At least when the tech bubble burst, traders could get in ahead of the lockup expiration for the best profits on the downside.
It may prove to be a market peak, but only in hindsight will that be fully known. It’s still a good sign to stay cautious, and wait until insiders are done selling before buying shares if they suit your taste.
Now here’s the rest of the news:
Fed Must Choose: Stock collapse or Hyperinflation
The U.S. economy has arrived at a fork in the road. The Fed must now choose between two equally disastrous outcomes: Either crashing the stock market or pouring jet fuel on the hyperinflation fire… [Read Here]
CIBC: $2,000 Gold, $31 Silver Just Months Away
CIBC’s analysts assessed the recent selloff and determined the underlying bullish factors driving gold and silver’s price rises are still in play. Here’s why they see gold to $2,100 in the months ahead… [Read Here]
July 05, 2020
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Describing its beauty!!! Gros Morne National Park, Newfoundland, Canada.
Wreck of the SS Ethie on the beach …
July 05, 2019
I know it’s going to sound weird, but I actually stumbled upon this when I misspelled a word search on YouTube.
What I watched was the unfurling of one of the greatest innovations of our lifetime. This video explained a new gene-editing method called CRISPR-Cas9. Through this gene-editing method, humans could be genetically edited to be born with gills and wings. They could weather the harsh environments of other planets. They could be born with high IQs. Heck, in theory, you could even program your spouse to hang their coat up, or put their dirty socks in the laundry. [I did some of my own research.]
It turns out CRISP-Cas9 has been in the news for the last couple of years. In 2014, it became the subject of a fairly well-publicized patent war. That war was between two major universities and their respective scientists. It looks like we’re actually fairly far away from flying and/or being water-adept humans.
That doesn’t make CRISPR-Cas9 any less extraordinary.
Currently, this technology is being used to target more immediate issues than surviving on other planets. I’m talking about diseases that kill … Cancer, Alzheimer’s, and HIV…
Wikipedia explains: CRISPR is a family of DNA sequences found within the genomes of prokaryotic organisms such as bacteria and archaea. These sequences are derived from DNA fragments from viruses that have previously infected the prokaryotic and are used to detect and destroy DNA from similar viruses during subsequent infections.
You may be in awe hearing this. I know I was. I feel like I am watching the next age of medicine emerge.
In the United States, an average of $173 billion is spent every year on cancer research. Heart disease treatment cost another $200 million annually. Then there is diabetes, which is on the rise and costs Americans $245 billion annually. Those are some big numbers, and they aren’t even the worst. Alzheimer’s, one of the scariest disease to any aging human (which is all of us), cost Americans $259 billion a year!
I wasn’t just wasting time! 😉