Some economic indicators are leading – they can tell you what’s happening to the economy before it becomes headline news. Others are lagging. Right now, two key indicators are showing that we’re on track for a third quarter of negative growth.
Those indicators are the Institute of Supply Management (ISM) read on production levels, as well as the Bureau of Labor Statistics (BLS) data on personal consumption data. With both showing a continued decline so far this quarter, it appears we’re on track for another decline.
Whether or not this quarter is officially recognized as a recession or not may not matter. As long as the trend of economic growth is down, the pressure will be on for the stock market. Traders should continue to plan for daily volatility and a downside move accordingly.
Now here’s the rest of the news:
U.S. Economy Still Artificially Supported
Last week Joe Biden announced that $1 billion in federal grants. The money is part of a $1.9 trillion covid relief package that was instituted way back in March of 2021. That’s right, if you thought the covid funds were gone for good, you were mistaken… [Read Here]
Biden’s Attempt To Reduce Inflation Could Mean Recession Or Worse
Joe Biden desperately needed an economic “win” for Democrats before November’s mid‐term elections. With two quarters of falling real gross domestic product triggering the inevitable talk of “recession”, a legislative achievement… [Read Here]
September 08, 2021
It’s time to think about the holidays. But not the holiday trading season. Rather, it may be time to consider buying those holiday gifts now. The issue? What else — supply chain delays. But one big factor in those delays is bringing goods manufactured overseas to US shores. Shipping delays have been an issue. But so has the process of physically unloading cargo vessels.
Now, thanks to labor and shipping shortages, the prices to ship goods are higher than ever. So unless you’re going to buy gift cards, get that holiday shopping out of the way now. Another benefit to buying now? If inflation persists, prices may be even higher a few months down the line.
Now here’s the rest of the news:
Food Prices Jump In August: 32.9% Year-Over-Year –Crispian Balmer, Reuters
Lower harvest expectations in major exporting countries pushed up world wheat prices by 8.8% month-on-month. Across the board, food prices are surging… [Read Here]
September 08, 2020
Labor Day is a Federal holiday that was instituted in 1894. The desire to pay tribute to the achievement of American workers with a holiday is a welcome break for most hard working Americans. The bulls have also been hard at work and the rest is likely much needed but does create risk. The early test on Sunday in the futures market was able to hold up but Tuesday is the real test.
Now here’s the rest of the news:
U.S. Dollar’s Woes Are Only Beginning, Some Bears Say by Saqib Iqbal Ahmed
The chief investment officer of currency manager A.G. Bisset believes the U.S. currency will plunge 36% against the euro over the next year or so, taking it to levels it has not seen in more than a decade.
The greenback’s recent weakness “is the beginning of a very large move” that could hurt the droves of investors exposed to it through their holdings in U.S. stocks and bonds, Lindahl said.
Wall Street is swarming with bearish dollar forecasts, though few are as extreme as Lindahl’s. The U.S. currency is near its lowest level in 27 months and is down about 11% from its 2020 peak against a basket of its peers, with Goldman Sachs, UBS and Societe Generale among the banks forecasting more losses.
September 08, 2019
Now, if you squander that 45 minutes and you just train the whole time, you will not succeed.
Money doesn’t come from training.
You prepare to make money w/ training
You improve skill sets to prepare to make money in training. But you’re not making money training. You’re not making money learning.
And so this is the big difference, and what I’ve found is one of the big differences between how I think and operate, and how I see a lot of others is thinking and operating, is a lot of people learn to learn. I don’t learn to learn. I learn so that I can execute. So I invest more in learning than most people you know. I’ve been to a lot of different seminars. I’ve invested well above $4,000 in coaches and masterminds and seminars and workshops.
Now, obviously most people can’t do that, but I want you to understand there is not $1 in there that I learned just to know something. Or that I learned just in case I was ever picked to go on Jeopardy. I only learn so that I may execute. That’s the only purpose for learning. Learn so that you can execute.
I know that a lot of people struggle with this. They’re just learning to learn, because it’s the comfort-able thing to do. You prop your feet up, you’re just training all day long and you’re like, “Wow, I’m really smart. How come I’m not making more money?” Because money has nothing to do with smart.
“Life is not a problem to be solved but a reality to be experienced.” —Soren Kierkegaard
There’s a lot of not as smart people that make more money than you because they’re executing, because they’re doing, because they’re reaching out to human beings and saying, “Hey, are you opened to what I’m doing.” Some say yes. Some say no. But what you do with that information is executing.
And executing will grow your business tenfold. 🙂
September 08, 2018
September 08, 2017
Today will be bitter-sweet. We leave Cape Breton, Nova Scotia and a fabulous visit with Joan and her family. Here is a good morning view from McIntyre Cottages, as we are checking out.
On today’s plan is Break-fast / Banking / and Bell in Baddeck … The first stop was at a great brunch place called “Three Doors Down.” Very nice spot considering we had no food provisions in our cottages.
After breakfast I had some banking to attend to … it is not wise to travel half-way across the country and not notify your bank that you’ll be accessing bank machines and moving money about with your online banking apps. Took awhile to prove who I was and what I had been attempting to do.
The rest of the group checked out the Royal Alexander Graham Bell Museum and historic site. Thankfully lots of pictures were taken in the museum, as I was tied up in the bank for quite-some-time! All is well. We left Baddeck, and Cape Breton Island now heading toward the PEI ferry.
One stop along the way … Pictou, Nova Scotia is home of the Hector. [On September 15, 1773, approximately two hundred Highland Scots arrived aboard the ship Hector. This began a wave of Scottish immigration to Nova Scotia.]
We were able to quickly get inside the information center. A replica of the ship was docked just along side. I slipped away for a minute or two, locating a geocache just across the street.
Once again we all settled in the KIA for the short drive to the Pictou ferry to Wood Islands, PEI. It was later in the day that we hoped as we boarded the ferry. Unfortunately, dusk was falling quickly as we drove past Charlottetown toward Cavendish. We had to travel (in the dark) to our destination — Cavendish Lodge where another set of rooms were awaiting. [Sadly we never did get back to visit Charlottetown.]
Good news and bad news: we arrived safe, checked in, got our breakfast vouchers for the onsite restaurant, but didn’t take our luggage to our respective rooms. Cavendish is small, and by the time we arrived, all the local restaurants and eating establishments were closed. We opted to drive to a Subway location about 35 minutes away. Successfully arriving before closing, we had a good fill and drove another 35 minutes back to Cavendish.
Literally lugging our bags to our rooms, we said our “goodnights” to each other in the hallway and went into our respective rooms. [Not the best of times for Caryl and myself.]
Someone had left the window in the bathroom of our room open during the day … there was no screen on the window, and as such, the room was filled with “household black flies” of all different sizes. With few options, one of which was to spend the night sleeping in the Sedona, we “swatted the flies” then placing them in a clear plastic bag. No word of a lie — there were over thirty black corpses now resting in the garbage. [The room was now ready for us to rest, however, we did not unpack a thing!] As the office was now closed … and being exhausted, we vowed to deal with this in the morning. Turning out the light … we decided to not get under-the-covers and just lied-on-top-of-the-bed.