Good morning. It’s important to be mindful of the fact that the stock market and the economy are two different things. As often as they’re in agreement, they’re just as often not.
Case in point: The Baltic Dry Index. A rough measure of global trade — at least in physical goods — the index continues to hit new lows on global economic uncertainty. Set against a back-drop of near-record-high stock prices, it’s a stark contrast. It’s also a good reminder that the current market could see further, seemingly unsuspected, drops ahead.
Annie Lowrey: February 7, 2020 [Staff writer at The Atlantic]
In the 2010s, the national unemployment rate dropped from a high of 9.9% to its current rate of just 3.5 percent. The economy expanded each and every year. Wages picked up for high-income workers as soon as the Great Recession ended, and picked up for lower-income workers in the second half of the decade. Americans’ confidence in the economy hit its highest point since 2000, right before the dot-com bubble burst. The headline economic numbers looked good, if not great.
“Is there anything that can be done?” … 😉
February 12, 2019
My day in the shade! 😎
By investing the time and energy to get clear on our values and life purpose, by defining and articulating what we really want from all areas of our life, and then consistently acting on our objectives, we will live a successful life. This kind of work isn’t easy. It requires deep thinking and honest soul-searching. It’s not something you do in an afternoon. It demands constant focus and attention. Unless you are the architect of your life, you are at the effect of everything and everyone you encounter. It’s something with which we all need help.