05-MAY 10-2021

MagicalGood morning.
Economists were predicting a blowout jobs report for April, with 1 million new jobs.  That might have even been the start of a multi-month trend of strong numbers.  In the real world, however, only 266,000 jobs were created last month, leaving the unemployment rate stubbornly high at 6.1 percent.
Why the big miss?  Most are now pointing to unemployment payments and human nature.  With additional federal payments of $300 a week on top of state payouts, for those at lower-wage jobs, the value of unemployment has exceeded the value of working.
Montana and South Carolina already announced they were stopping the extra payments to entice the unemployed back into the workforce.  Expect more states to announce a similar plan in the coming days.  On the plus side, the stalled job market growth caused bond yields to drop and helped stocks jump higher on the news.  That may continue for a few more months.

Precious Metals Prices
Price at week’s end (change over last week)

Gold    $1,770.60 (-0.5%)
Silver    $26.01 (-0.4%)
Platinum    $1,207.60 (-2.4%)
Palladium    $2,971.28 (+2.8%)

Now here’s the rest of the news:

Would the Last Market Bull With the Last Dollar Please Turn Off the Music 
Numbers don’t care if you’re excited about the economy or its outlook.  Fundamentals will always play a factor.  Reality always cuts through the noise, and we could be approaching that point right now… [Read Here]

Fed’s Own Survey Reveals Consumers Expect Surging Inflation to Crush Their Purchasing Power –Wolf Richter,Wolf Street
Usually consumers are willing to pay for price increases, rather than go on buyers’ strike.  This allows companies to jack up prices, and allows inflation to run even higher… [Read Here]

May 10, 2020

Raises The Spirit!Happy Mother’s Day to my mother … and all mother out there!Raises The Spirit!_2

Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday.  A collection of the weeks videos from Darren Hardy.  Enjoy!

Atlantic puffin also known as common puffin is a species of seabird in the auk family.  Newfoundland and Labrador in Canada are known to be large colony of this puffin.

PuffinsIceland, Norway, Faroe Islands, are also known to be home to these beautiful birds….

May 10, 2019

Keith and Tom “Big Al” Schreiter have done it again!  They have hit the nail squarely on the head!

In their latest newsletter entitled, “How long can we fake it?” the headline below says it completely…

We can only fake it so long, and then the world exposes our deficiencies.

Grasping the foundational pillars are the first steps toward any successful business accomplishment.  Wanting to create a business may get you started … but not having the skills to make it happen “yesterday” are reality.  That is why “we” should work hard on the four basics first.  This is the same advice I’d give an athlete, an electrician, an accountant or lawyer; or someone learning any skill or profession, unfamiliar or otherwise!

So what are the four skills?

    1. Creating rapport — people are “just” people … not clients, not prospects, not customers — with people!
    2. Breaking the ice to introduce our business into a social conversation … con_ver_sa_tion … a two-way verbal exchange!
    3. An agreement.  Closing.  Getting “yes” decisions.  Win … Win … Win.
    4. Detailing the offer … “The Presentation” … yes, the details of our offering.

I for one, did not learn any of these skills in school.  I did talk!  Hours in detention will attest to that.

I didn’t even know these skills existed until after I started my network marketing career.  But if we want to help new entrepreneurs, and give them the best start possible, let’s concentrate on giving them the word-for-word instructions for these skills.

And, which skill should we start with?  #1, of course.

[A few days back, on May 6th, to be exact I wrote an article around “Knowing our colour personalities.”]  I wish to add this tidbit…

In every skill, and every presentation, the different colour personalities will see things differently.  They will have different reactions and objections to the words we say.  Want an example?

When talking to green personalities, what dominates their thinking before they make a decision?

Well, before the benefits, the features, or even the testimonials and proof, it’s the fear of an unknown fact or issue that dominates their thinking.  This is what causes green personalities to hesitate.  Once we know this, we can adjust our thinking, our presentation accordingly.

IMG_0712
Come From Aways, Do You?

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06-JUNE 19-2021

How To Win The Day With every sunrise comes opportunity.  Each day is a figurative clean slate — another chance at getting it right and moving the ball closer to the goal line.  Regardless of what happened yesterday, we have the chance to start anew each morning. And the morning sets the tone for the entire day.  You own the morning, you win the day.  The happiest, healthiest, and most successful people know this.  They embrace it, and they use it to their advantage.  They build morning rituals to establish the foundation for the day. Here are 6 things they

06-JUNE 18-2021

Good morning. The biggest bombshell from the latest Fed meeting was the acknowledgement that inflation was coming in far higher than expected.  While the Fed continues its policy of trying to talk the market into always going up, some see a tapering of its asset purchases sooner rather than later. While that doesn’t mean higher interest rates right away, what it does mean is a big slowdown in money creation and addition to the central bank’s balance sheet.  That’s likely why both bond yields and gold prices have been dropping.  While tapering might spook the market, the prospect of lower

06-JUNE 17-2021

Good morning. Yesterday’s Federal Reserve meeting minutes kept interest rates at 0 percent, as expected.  And the Fed isn’t ready to taper its asset purchases (money printing) anytime soon.  But in trying to please everyone, the central bank sometimes ends up pleasing no one. The central bank made a big revision in its inflation estimates, from 2.4 percent to 3.4 percent.  While calling higher inflation “transitory,” the market isn’t so sure.  And, after the March meeting indicated no potential for an interest rate hike until 2024, there’s now an increasing possibility of a rate hike in 2023. The only real

06-JUNE 16-2021

Good morning. Michael Burry is a fund manager best known for going against the housing market in the runup to the meltdown.  Today, Burry sees inflation as the biggest threat to the economy.  And with prior stimulus measures boosting the price of everything from stocks to housing, the biggest threat is a nudge into hyperinflation.  Burry sees that happening this year.  Burry also sees the stock market as not only the greatest market bubble of all time, but the biggest by at least “two orders of magnitude.”  As investors adjust their return expectations for inflation, that bubble may burst. Time

06-JUNE 15-2021

Good morning. Most financial news is predicated around the idea that markets are either going up or down.  But sometimes, like now, indices are largely trading sideways.  When that happens, traders will start to look for clues as to what happens when the sideways trend ends. For most market conditions, a sideways trend can last anywhere from 6-12 months in part of a broader bull market.  That looks like the case here, given that most indices are still near all-time highs.  But it’s a time to find companies that have been hit the hardest and look set for the biggest

06-JUNE 14-2021

Good morning. There’s an old Wall Street saying that the cure for high prices is… high prices.  That’s because when prices are high, competition comes into play and customers seek substitutes.  Recent inflation data showing a jump in home and car prices (both new and used), is also leading to potential buyers to hold off on making a purchase. That could reduce demand enough to keep prices from heading higher in those areas.  A slowdown in governmental assistance to the economy in the form of stimulus checks and high spending may also help nip this rising inflation in the bud. 

06-JUNE 13-2021

Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday.  A collection of the weeks videos from Darren Hardy.  Enjoy! Naturally beautiful: Newfoundland, Canada. …pink and very colourful! P.S. “In order to succeed, your desire for success should be greater than your fear of failure.” –Cosby Show June 13, 2020 “What you can create will absolutely astound you, but you have to start now.” —Marie Forleo Top 10 Benefits of Using Resistance Exercise Bands 1. ADAPT EASILY FOR MULTIPLE FITNESS LEVELS…  Resistance bands come in multiple resistance levels, usually light, medium or heavy.  You can further adjust

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