Good morning. Investors need to contend with several dangers in the economy right now. Rising interest rates are the largest, as it impacts the costs of debts such as mortgages and car payments. One other drag is also now back after a three-year hiatus – student loans.
Payments have restarted on student loans, impacting 28 million borrowers. Surveys have shown that many borrowers may not be able to make full payments. While there is a new income-based payment program that could cut some monthly payments by as much as half, money going into student loans won’t be going into other parts of the economy.
That may not impact the markets right away. But it will likely start to show up in economic data in the coming months, and could fuel a slowdown into 2024.
Now here’s the rest of the news:
This Is What a Minsky Moment Looks Like Why doesn’t economic stability last? Why does cautious optimism inevitably lead to “irrational exuberance,” an unsustainable boom and an economic crash? Phillip Patrick explains Hyman Minsky’s financial instability… [Read Here]
Here’s How Much the Imminent Government Shutdown Will Cost You Here’s something you don’t want to hear from your political leaders, especially in the federal government: “Our financial ship is sinking.” That’s exactly how… [Read Here]
October 03, 2022
Last week’s announcement by the Bank of England that they would intervene in the bond market to lower yields was seen as a sign of trouble. Now, details are emerging that without the intervention, rates would have soared even higher. And that could have caused a number of financial institutions to become insolvent.
A similar event could happen in the US. Rising bond yields mean lower prices, and funds, particularly pension funds, routinely sell bonds to meet cash needs. With declining asset values overall, some selling may be forced, to meet collateral calls or reduce investment exposure.
For now, the US doesn’t appear to be at a breaking point. But further market volatility could cause something to break in the weeks or months to come. That’s why it’s still prudent to stay cautious, and look for trading opportunities to take advantage of the current volatility.
Now here’s the rest of the news:
Gold’s True Value Goes Beyond Its Price In Dollars Having recently been pretty much the only asset in the green for the year so far, gold’s latest drop has seen it post a 7% year-to-date loss as it hit $1,675. Yet this could be one of the most deceptive… [Read Here]
Ron Paul: The Time Ben Bernanke Shocked Me With This Gold Confession Recently, my friends at Birch Gold Group asked me about some of my more infuriating confrontations with the Federal Reserve… [Read Here]
October 03, 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!!! Fishing stage shacks and old wooden skiff rowboat at shore of frozen North Atlantic Ocean
…in outport town of Joe Batt’s Arm on Fogo Island, Newfoundland, Canada.
October 03, 2020
Holding Yourself Back
When you’re struggling, do you ever find that your thoughts are mired knee-deep in yourself? Put differently, have you ever noticed that self-centeredness and self-interest are the quickest paths to hold yourself back on the journey to significance?
On the other side of the coin, if you truly want to make an impact and lead a life of significance, then you need to go beyond yourself, which involves…
Seeing beyond yourself. As Albert Einstein famously said, “A person starts to live when he can live outside himself.” According to John C. Maxwell, people who fail to get beyond themselves are usually selfish or insecure or both. The world doesn’t owe you a living, and you are not indispensable.
Growing beyond yourself. Gandhi put it best when he said, “The difference between what we do and what we are capable of doing would suffice to solve most of the world’s problems.” Growing beyond yourself starts with discovering your purpose, clarifying your priorities and getting passionate about life. The fastest way to get better is to hang out with better people.
Giving beyond yourself.“Life’s most persistent and urgent question is,” according to Dr. Martin Luther King, Jr., “what are we doing for others?” Life really takes off when we invest ourselves and our resources in others.
Gathering beyond yourself. If you want to surround yourself with great people, you need to work at becoming a great person. And since we attract the people most like ourselves, take an honest inventory of the people surrounding you right now.
According to John Maxwell, here are 6 ways to get beyond yourself:
Quit taking yourself so seriously.
Quit thinking that the world owes you a living.
Quit believing you are indispensable.
Start seeing through other people’s eyes.
Start placing value on others.
Start understanding your purpose on earth
Simply put, if you really want to make an impact and move forward on your journey to significance, you have to go beyond yourself; you have to step outside yourself.
And if you are struggling, stop feeling sorry for yourself and go out and help someone. Add value to the world. Turn your moping into mentoring and help someone climb the ladder in your world. The best thing you can do for yourself is to make everyone around you better.
We believe in you, and we believe that you are called to set the bar high, taking it into the world around you. In spite of all the happy selfies people post on social media, there are hurting people out there — much closer than you might imagine.
To Making it a Great Day!
October 03, 2019
No surprise by now … Here is another Video Mentoring from Darren Hardy entitled: