Philadelphia Federal Reserve president Patrick Harker became the first banker to suggest that the bank may slow down its bond purchases — at least, at the end of the year. That’s the earliest that the Fed is likely to taper its bond purchases. A few analysts don’t see that happening until as late as 2024.
If we’ve learned anything this week, it’s that money printing is far more important than anything politically. So that’s good news for stocks, which once again hit record highs. And it’s a sign that, even if there’s a correction in the markets, it will likely prove short-lived. And traders can likely expect the next correction in the markets to be blamed on any “taper tantrum” should the Fed actually step off the monetary gas pedal.
Now here’s the rest of the news:
Best Evidence Top Federal Reserve Officials Have No Clue –Robert Wenzel
In 2020, the Federal Reserve increased the money supply by $4 trillion (over 25%) and asset prices from housing to the stock market to Bitcoin are soaring because of the massive money pump.
Will The Fed Destroy The Dollar? –Adam Taggart
The Fed really doesn’t have a plan to get out of the mess it’s created and is pretty much just playing for time, trying to delay the inevitable repercussions of its failed policies.
Five Fed Presidents Praise Inflation –Mike Shedlock, The Street
Reserve Bank of Richmond President Thomas Barkin said, “I am encouraged to see the rise in market indicators of inflation expectations. That is what we are trying to support.” [Read Here]
January 08, 2020
The latest Big Al Book, 10 Shortcuts Into Our Prospects’ Minds, is here, ready to order.
Prospect: “I want to think it over.”
Us: “I want you to spend more time, days and weeks, checking out the competition. You should compare tiny details, and put off starting your business. You should only start after you finish collecting information. That way, weeks or months for now, when you are finally ready to start earning money, you will realize that our opportunity and training will be the best choice.”
Just go to: https://bigalbooks.com/book/10-shortcuts
Darren has a great follow-up topic from yesterday for discussion today: “Becoming Relentless”
Whether you work on someone else’s dreams … or work on yours … be unstoppable! 🙂
January 08, 2019
Day 2 of my 14 Day Challenge! Flyin’ High with Other People’s Money.
Last summer I showed a cattle rancher, north of Cochrane, how to fly his drone. When he nailed aerial pictures of suspicious trespassers on fence-posts around property, the number of cattle that went missing during the night from ‘his ranch’ dropped considerably. For a couple of hours ‘instruction’ he paid me $75. Whether it is training, consulting, or just plain know-how, people will pay you for shortening their learning-curve … for your time. When you find something you love to do — assisting others by making their lives better, OPM keeps you smiling. Here’s a great quote by Nick Offerman along those lines:
“Figure out what you love to do, then figure out how to get paid to do it.”
January 08, 2018
January 08, 2017
Early to work this morn’. I’ve got-to-love these six-hour-shifts.
Home to pick up Caryl for more shopping at Staples and Mark’s … Caryl also wanted to check out new glassware at BOWRING. Twenty-four water & wine glasses AND a dozen dessert dishes later; the big find was found.
We located not one, but two Brennan Benches on sale; to round off-the-day!
Now we can finally get rid of four white chairs we’ve been hanging onto.
Bryan, I hope you’re listening. Come and get them!