Good morning. $7.6 trillion in U.S. debt will mature in 2024. That’s about 31 percent of the outstanding total debt. Most of that debt was in short-term notes, issued in the past few years. Back then, interest rates were at or near zero percent. Today, it’s at 5.5 percent and rising.
That could lead to an explosion in borrowing costs for the U.S. government on its existing debt. That’s just one reason why traders are betting on interest rates to come down next year. In order for that to happen, however, we’ll need to see a slowing economy, and likely a slowing stock market with it.
Traders should be mindful of market volatility in the coming weeks and look for a rally into the start of next year. But after the first few weeks of 2024, conditions may start to change rapidly, offering some great trading opportunities on the short side.
Now here’s the rest of the news:
The Biggest Con Job in Banking: The Savings Account
Safe, boring savings accounts are yielding 5%+ today – a 15-year high, handily beating inflation. So are savings accounts the best home for your rainy-day fund? [Read Here]
Inflation Burns Through “Safe” Sectors – What’s Next?
Inflation blazed white-hot for a while, then the Fed put it out. Right? Almost – in fact, inflation has been smoldering ever since, hotter in certain pockets of the… [Read Here]
September 19, 2022
When the first quarter GDP numbers came out and surprised many with a negative read, we went out on a limb and stated that we’re in a recession. The second quarter GDP numbers bore that out, even as many tried to walk back the definition of a recession.
Still more data points to a further slowdown. Imports into America’s largest port at Los Angeles, dropped 17 percent in August. That’s taken port volume back to levels last seen in 2014. And the latest numbers out of FedEx (FDX), who handles everyone’s packages, is another sign that things are getting worse, not better.
That’s why we’re continuing to focus on some downside trading opportunities here. And while stocks will recover in time, it’s looking to be longer than many market participants currently expect.
Now here’s the rest of the news:
New “Red Gold Standard” Threatens the Dollar
This recent analysis of Russian and Chinese economic developments caught my eye. An in-depth review of the current state of the global financial system, combined with speculation regarding… [Read Here]
September 19, 2021
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!!! The Point of Ayr Lighthouse, also known as the Talacre Lighthouse, situated on the north coast of Wales, U.K.
On the Point of Ayr, near the village of Talacre.
September 19, 2020
How To Get More Out of Your Day – MORE out of your life!
What does productivity mean to you? For starters, let us tell you what productivity is NOT. It’s NOT simply being busy. Anyone can be and stay busy. To borrow a page out of the football handbook, being productive means moving the ball toward the goal line efficiently and effectively. Being busy, on the other hand, can mean running around in circles making no meaningful progress toward your goal.
Productivity, then, means getting the most out of your day, and here are 5 hacks to enhance your productivity and get more done in less time.
Prioritize your work. Time is a limited commodity and every choice has an opportunity cost. Productivity hinges on setting priorities. We all have projects, tasks, and stuff to do. Take a page out of President Dwight Eisenhower’s book and prioritize your time on the things on your to-do list that are most important.
Don’t bite off more than you can chew. Set proper expectations for yourself. Don’t load up your schedule with a bunch of tasks — especially if they’re not important. Focus on one big ticket item each day.
Use technology to your advantage. There’s no question technology can be a double-edged sword. On one hand, things like social media and email can be time suckers distracting you from what’s really important. On the other hand, project management tools, calendars, and note-taking tools can be very effective for boosting productivity.
Eliminate interruptions. As alluded to above, technology can be a tremendous distraction if we allow it to be. Your phone buzzing incessantly with notifications. Your desktop dinging with every new email. These distractions take you out of your flow. Turn your phone on silent mode. Turn off your email. Close your door. Eliminate distractions when you need to be productive.
Batch your tasks. Tim Ferriss has popularized the notion of “batching,” which simply means putting the same tasks together to reduce the transition time of your brain from switching between tasks. For example, do send and answer all emails during a single block of time. Make all your phone calls during another block of time.
Increasing productivity not only means more effectively getting things done, it means having more time for the things that matter most to you — and having less stress and more happiness to boot!
To your time,
September 19, 2019
Germany’s finance minister reported to the government that parallel currencies must be rejected. While he was referring specifically to Facebook’s proposed Libra coin, a cryptocurrency, the view would also seem in line with how governments dismiss other forms of currency, such as gold.
Given how central banks love accumulating the medal in spite of their rhetoric, however, we wonder when central banks start disclosing their cryptocurrency holdings… or whether to keep it a secret.
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How to Handle Questions that Accuse or Condemn
Never get defensive; it will only make you look more guilty.
Let’s say someone asks you, “Why can’t you understand what I’m telling you?” If you offer a defence in your answer, you will likely invoke more harsh questioning.
Now what if (s)he says or asks something more speciﬁc, and you know you’re at fault? How can you “escape” from replying, where you lose what-ever your answer might be? In this case, what you can do is to reply back with a solution-oriented statement.
Let’s say your spouse told you that you’re an irresponsible father (or mother), and you very well know you’ve been spending a lot more time with your friends than with your kids. You could say, “I believe what you really want me to do is spend less nights with my buddies and help you take care of our kids, right?” Now your reply is much more acceptable, and you can get the conversation to a good start. And of course, you have to start doing what you’ve promised.
How to Handle Verbal Attacks
“You are the master of your destiny. You can influence, direct and control your own environment. You can make your life what you want it to be.” —Napoleon Hill
Be strong … it’s a tough world out there!
I know you can handle yourself in it… 😉
September 19, 2018
“The difference between the impossible and the possible lies in a man’s determination.” —Tommy Lasorda
September 19, 2017
“All good things come to an end,” they say.
As we peer into the window of the QUIDI VIDI Brewery, EST. 1996 – rather than see the local cannery
As you probably guessed … I’ve been geocaching in and around Quidi Vidi. I drank just enough beer to have the energy, but not lose the focus to spot these two beauties … locked ‘n’ loaded.