Ronald Reagan once quipped that the nine scariest words in the English language were, “I’m from the government, and I’m here to help.” So the announcement that the government has formed a “supply-chain disruption task force” may sound a bit like a prolonging of the problem rather than a solution of it.
The past year has shown the heavy hand of government intervention from local and state pandemic lockdowns to a near-universal basic income from stimulus checks and expanded unemployment benefits.
One simple place for the task force to start looking at solutions might be in scaling back those issues, which arguably helped create the disruptions in the first place. Being a government task force, that’s not likely. Expect further disruptions ahead.
Now here’s the rest of the news:
GameStop and the New Generation of Barbarians to the Gate –Emily Stewart,Town & Country
2021: crypto roiled the markets, Redditors took their revenge and tech moguls became the dominant ruling class in finance. But the GameStop saga showed why Wall Street wins even when it loses… [Read Here]
June 10, 2020
In sports, it’s really easy to see the winners and the losers. Winners win and losers, well, lose. The difﬁculty with the market is that there isn’t a finish line or a game clock. It’s easy to tally points in terms of returns, but over what period of time?
Fund managers typically gauge their success on their perfor-mance against the S&P 500, but what about down years? Are we to accept losses? Right now, the market is in a precarious position of having to take increasing risk to belong, but the losses keep adding up if your short. It’s this quandary that typically leads to market tops.
Here’s a lesson/message worthy of mention:
“If it’s up to me… it’s meant to be, and I’ll create the change I want to see.”
(Say this 3 times today)
So, today’s video is about the one principle that helps in times like this.
It reminds us how we start to create change in the first place.
June 10, 2019
Out this Monday morning flying a couple of drones!!! Never happened!!!
“The Bear” slipped on the steps and bruised his wrist; and myself: The alternator on my “Caddy” packed it in!!!
Wasn’t totally bad … we enjoyed breakfast at A & W together; then sat outside in the sunshine & waited for an AMA tow truck to get ‘the caddy’ and I, back home! [Thank for the company Barry]
…more updates throughout the day as it unfolds…
June 10, 2017
Got the day off … a Saturday … YES!
Hope to learn a great deal at the VectorVest Training today…
“Success is a science; if you have the conditions, you get the results.” —Oscar Wilde