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11-NOVEMBER 24-2023

Prep_22Good morning.  A new study by the Federal Reserve Board suggests that since 2020, the bottom 80 percent of Americans have gotten worse off in real financial terms, with lower bank and asset balances.  Things have improved for the top 20 percent.  That’s a notable increase in wealth inequality.
To some extent, the Fed is to blame.  They lowered interest rates to zero percent, which stimulated the economy and the stock market.  Homeowners were able to refinance at historically low rates, or obtain inexpensive debt to purchase assets.  The poorest got stimulus checks, which may have been spent quickly on needed goods, rather than invested in the market.
It’s clear that simply owning some assets such as stocks is the key to keeping and growing wealth over time.  And that further Fed moves may also further create more inequality, not less.  Investors and traders have much to be grateful for this holiday season.

Now here’s the rest of the news:

Why Does The Fed Value Its Gold At $35 Per Ounce?
At $35 per ounce the Fed values its gold at $11.037 billion.  What’s the gold really worth and why the low valuation? [Read Here]

November 24, 2022


Top Analyst Says We Are Nowhere Near The Bottom

There hasn’t been a truly organic bottom in stocks in decades.  Fifteen years of relentless central bank manipulation since the 2008-09 Global Financial Meltdown has persuaded punters that central banks will always save us should the market turn… [Read Here]

3 Reasons Next Year Will Be Truly Painful

I am extremely concerned by what I am seeing in the housing market.  When the Federal Reserve decided that it was going to start aggressively hiking interest rates, it was obvious that there would be a housing crash.  I repeatedly warned my readers that… [Read Here]

November 24, 2021

Climate Change_2021Good morning.
No, it’s not a mythical creature from a game of Dungeons & Dragons or Lord of the Rings.  It’s a term for Organized Retail Crime.  And it’s on the rise.
Pandemic-era mask mandates have made retail theft substantially easier.  And some jurisdictions such as in San Francisco have eliminated any criminal penalty or law enforcement resources for thefts under $950.  That’s caused a number of retailers to flag organized thieves, but at the cost of millions in inventory losses, including some who hit up multiple stores in some areas looking for items to resell cheaply online.
The latest victim?  Best Buy (BBY).  The electronics retailer saw shares get crushed yesterday despite strong earnings, as ORC led to lower profit margins at company stores.  There’s likely no quick fix, especially as local politics are involved.  But investors should consider the prospect of ORCs when looking at investments in retail-oriented companies.

Now here’s the rest of the news:

How Evergrande Contagion Plays Into Gold’s Price
China’s property developers are defaulting right and left in a slow-motion collapse.  This problem is bigger than it sounds, and may have global consequences.  Here’s how this impacts gold’s price… [Read Here]

November 24, 2020

Nearest WeekGood morning.
From the rising number of early holiday decorations out, it’s clear that folks are ready to change things up.  That’s party from spending so much time at home this year.  That early holiday cheer is clearly on display in the markets as well.
The kickoff season tends to be good for stocks. It can be better for some areas, such as retail.  It tends to be seasonally a bit worse for other areas, such as oil, given a drop in driving trends.  No doubt this year will have its own unique twists.  But it’s clear that everyone is ready for the good cheer of the holiday season this year.

Now here’s the rest of the news:


November 24, 2019

A Dangerous Belief We Have to Abolish

Do you have a belief or two you’re carrying?  🙂

Come From Aways, Do You?

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