Good morning! Sad to say I’ve got nothing to report!
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December 23, 2022
Good morning.
The government is on the cusp of passing a $1.7 trillion omnibus spending bill. Buried with the usual pork spending and billions more for Ukraine, there are a few scraps that have been doled out to investors.
That includes a higher age before mandatory withdrawals kick in, rising from 70 ½ years now to the age of 72. And there are provisions to help those student loan payments earn what they need for retirement.
Overall, these are small changes, and likely won’t improve things too much for investors. That still leaves investors with the need to build their wealth with astute trading to get ahead.
Now here’s the rest of the news:
The Way Americans Save For Retirement Is About To Change
Americans might be able to retire with more money in their savings accounts – but it probably won’t help the people who need it most. On Tuesday, the House appropriations committee released over 4,000 pages of text on its plans to allocate… [Read Here]
December 23, 2021
Good morning.
Energy prices are high, and could potentially move higher. For those in the US, the biggest concern is gas prices, particularly for those who commute for a living. But the real danger is in Europe, where natural gas, key for heating in the winter, is in short demand. That’s resulted in sky-high prices just ahead of the worst of the winter season.
Some are reporting that their energy bills are up over 50 percent compared to the past year. When more discretionary income goes into energy costs, that’s less wealth available for consumers in other areas of the economy. It’s likely that the Eurozone will report slow growth in the next few months on this news, and as long as energy prices remain high in the US, it will likely weigh on economic growth here as well. If the situation worsens, it can absolutely stall the global economy going into 2022.
Now here’s the rest of the news:
Why The Era Of Low Inflation Is Now Over
Last week, the Fed sped up its timetable for tapering its asset purchases and raising interest rates. While this represents a slightly tighter monetary policy, it’s far from truly tight. And yet, the Fed seems to think these small steps will… [Read Here]
America’s Food Supply Turns Into A Warzone
The levers of government are being primed for an escalating crackdown on excessive food price inflation, which the Biden-Harris Administration and its Congressional allies believe is partially a result of over-concentration in the grocery supply chain… [Read Here]
December 23, 2020
Good morning.
Markets are still digesting the latest stimulus package. Costing about $2,700 per taxpayer, it gave each of them $600 back. Unemployment benefits are being raised, temporarily. That’s the good news. But a number of items sound more like handouts than something designed to stimulate the economy.
Billions of dollars are going to countries overseas. This stimulus wasn’t proposed as a global package, and taxpayers are right to be mad. Ditto for such projects as $80 million to redecorate Senate offices (if you can spend millions to get elected in the first place, you can afford your own furniture). Overall, the much-vaunted stimulus has come off like a worse-than-expected Christmas bonus. Although (and we’re grateful we only have a few more days left to say it), what did you expect from 2020?
Now here’s the rest of the news:
December 23, 2019
Good morning, FedEx, the global shipping company, reported such poor earnings that one analyst called them “breathtakingly bad.” As a firm closely watched for global growth, it goes to show that the economy continues to show signs of very slow growth, if it all. That concern isn’t being reflected in the stock market yet, which continued to edge to new highs even as FedEx prices dropped nearly 10%. There’s only one small consolation: While things look bad for FedEx globally, there’s still a relatively good economy in the United States compared to the rest of the world.
I always like it when Darren Hardy uses a sketch artist to present his message. Today is no exception: “Making Meaningful Memories”
Having a soft heart in a cruel world is courage, not weakness. Merry Christmas 😉
