03-MARCH 16-2022

March '22 Current EventsGood morning.
For years, many have assumed that the US dollar would go the way of the British Pound or French Franc and lose its status as the world’s reserve currency.  However, in order for that to happen, a new challenger would need to appear on the world stage.  While some have seen the Chinese yuan as a potential successor, it’s still not ready for that role.
However, it may be ready to help wean the rest of the world off of US dollars for international payments.  China is now working with Saudi Arabia to accept its currency instead of the dollar for oil.  Like other international payment plans over the past few years, the dollar is slowly losing its reserve currency status, which would lower standards of living stateside as it becomes harder to “export inflation,” as reserve currencies often do.
Traders should look internationally, and also consider holdings in precious metals and cryptocurrencies to hedge against more volatility in the US dollar as it gradually fades from global prominence.

Now here’s the rest of the news:

Is This The Most Reckless Fed Ever?
The Fed’s credibility shifted from Inflation Fighter under Volcker to Wealth Disparity Creator and Inflation Arsonist under Powell.  And everyone knows it.  I’ve been screaming about it for over a year.  By January 2021, I screamed that… [Read Here]

Chinese Tycoon Breaks A Crucial Part Of The Global Economy
After “Big Shot” did not meet margin calls, the LME cancelled trades and London’s nickel market will stay closed at least until next week, giving the London Metal Exchange more time to resolve a crisis caused by a huge loss-making trade in China. [Read Here]

March 16, 2021

Smiley-Face-CloseGood morning.
The third stimulus check of the pandemic, totaling up to $1,400, has started to hit bank accounts.  With markets closed, the real action was on Coinbase, where buyers bid up Bitcoin to a new high of over $60,000 before a pullback.
While the market was expected to rally, trading was muted.  Why?  A new tax plan is in the works to pay for all the stimulus done now to bolster the economy.  If passed, it would be the first tax hike since 1993.  The tax package has an expected $2-4 trillion in revenue, and would also address infrastructure programs and climate change.

Have you gotten your stimulus check yet?

If so, how much of it are you investing in the markets?  Hit reply and share your thoughts.

Now here’s the rest of the news:

Inflation – Not Covid-19 – Is Now the Biggest Risk To Markets –Sarah Hansen, Forbes
93% of fund managers surveyed expect inflation to surge in the next 12 months.  Those inflation fears have led to the biggest drop in exposure to risky tech stocks in 15 years… [Read Here]

New Normal: High Unemployment. Near-Zero Interest Rates and More 
Returning to the “old” normal isn’t likely.  Pre-pandemic employment levels, 2% inflation, above-zero interest rates and economic security aren’t on the map.  So where are we headed exactly? [Read Here]

March 16, 2020

He's faxing that press releaseGood morning.
Last week was a wild ride and, to be honest, I’m looking forward to a less eventful week.
It would be nice to be able to sit idly by and watch equity prices glide higher as volatility gets sucked out of the market.  The realities may not be so easily achieved, but we can dream.    #IHaveaDream

… about the coronavirus … It is okay to say, “I’ve heard a lot of information lately, and I appreciate your concerns & comments, but … I’m in overwhelm right now; and wish to make my own evaluations, and hope to take a break from it all now!”  Thanks!

March 16, 2019

Caryl and I were out earlyish this morning.  Got some groceries … picked up a new answering machine for ‘our landline’ phone.  (you remember them don’t you?)  Took it pretty much easy for the rest of the day!  My sister shared this FB Post last week.  I’ll try to re-capture its essence…

Sorry, video no longer available!

Have a great ‘rest’ of your week!  😉

March 16, 2017

Gold is up over $25 today … and I must own the only gold mining company stock that actually went down throughout the day.

I’ve taken on a business challenge.  Here are my notes for the day. Sorry if they are of little/no interest to you.  Here goes!

“The way you introduce your business or your products MUST be duplicatable by everyone you speak to.”

From Day One: Always be thinking, ‘What does this person need?’

  • Better health?
  • A new car this year!
  • Being debt free…
  • To have a holiday, or
  • To travel more ‘for fun’ instead of just business.

Tools must show the Whole Package:

  • Company video & follow up plan, and,
  • On how to save money as a business entrepreneur (before you’re earning or making money.)
  • Essentially [Sharing Value]

REW

IMG_0712
Come From Aways, Do You?

More Posts

05-MAY 15-2022

Today “small town” in Newfoundland is… Salt Harbour. May 15, 2021 Struggling … how to break bad habits? “Nothing is impossible.  The word itself say, ‘I’m possible.’” –Audrey Hepburn There’s no one single reason why we struggle — to break bad habits, achieve our goals, or excel in our desired domain — but more often than not, the biggest challenge is sitting between your two ears. Yes, your mind is incredibly powerful, and quite frankly, it’s a double-edge sword.  The stories you tell yourself, the things you believe about yourself, and the way you talk to yourself can either be

05-MAY 14-2022

Today! May 14, 2021 Good morning. One year ago, oil prices went negative as traders feared that the pandemic would lead to prolonged drops in oil use and got caught in trades they couldn’t get out of.  Today, oil and gasoline prices have held up well in inventory reports.  However, supply issues remain in the South and up and down the East Coast, even as Colonial pipeline paid a $5 million ransom to the hackers who shut down their system.  A number of states have declared emergencies as supplies have run low. It just goes to show that oil, one

05-MAY 13-2022

Good morning. Meme stocks are back!  Well, sort of. A spike in companies like AMC Entertainment (AMC) and GameStop (GME) occurred yesterday.  GameStop was even halted multiple times on the way up (but not on the way down).  Oddly, this may be an early sign that markets are looking for a short-term bottom, given the sharp reversals higher. On CNBC, analyst Jim Cramer came out against the traders of meme stocks using sites like Reddit’s Wall Street Bets, to find the meme stock opportunities in the first place.  Tough words for someone whose television show features sound effects.  But for

05-MAY 12-2022

Good morning. The good news?  Inflation has slightly slowed on a year-over-year basis, for the first time in seven months.  The bad news?  It’s still high at 8.3 percent.  And it came in higher than expectations. Looking at the data shows some reasons for the unexpected strength.  Most components of CPI still rose more than 6 percent in April.  But soaring food prices – which we’ve warned about fairly often — were a big contributor.  Another big move higher was record airfare prices, as high fuel costs and a reopened economy drove prices up. The data doesn’t give too much

05-MAY 11-2022

Good morning. Typically, growth stocks lead the market.  That’s because these companies have the ability to scale up rapidly, and one of the best signs of a stock heading higher over the long haul is increased earnings. Yet every few years, value stocks have their time to shine.  A year ago, Warren Buffett’s performance as being derided.  Yet he’s buying stocks now.  In contrast, Ark Innovation, the hypergrowth fund managed by Cathie Wood, is now not just down relative to Buffett — but it’s underperforming the S&P 500 since its inception. Can these trends reverse in time?  Yes.  Will they

05-MAY 10-2022

Good morning. Any econ 101 student can tell you that there’s a lag effect between something like, say, the creation of trillions of dollars in spending, and inflation rates reflecting that.  We’re seeing that trend play out today, with the highest inflation levels in decades. The good news?  Some of that new money first went to financial markets, rather than in goods and services.  That helped keep many things affordable, especially during the initial lockdown phase of the pandemic.  But today, we’re seeing the impacts of those past lockdowns (and current ones).  And we’re seeing that handing out money directly

05-MAY 09-2022

Good morning. People don’t mind inflation when it hits things like assets.  When stocks and home prices are rising, consumers feel wealthier.  This “wealth effect” tends to be beneficial to spending, which then become a self-fulfilling prophecy. The 2009-2020 market rally started with this effect.  The bank bailouts propped up the banks, but didn’t cause inflation on Main Street.  Today, thanks to the stimulus measures during the pandemic, Main Street went on a spending binge.  That’s caused a reverse wealth effect as the prices of goods like food and utilities are rising at a rapid rate — but now asset

Like this article?

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest

Leave a comment

Send Us A Message