06-JUNE 30-2021

Current Events2Good morning.
China announced it was unleashing its strategic reserves of some commodities.  That help broke a strong uptrend for many goods such as iron ore.  In the US, strong production and a slowing demand for houses has helped curb the excesses in the lumber market, which is now far off its peak.
With most commodities still coming off highs, one is still coming in hot: literally.  Hot rolled steel prices have hit a record high.  This high-grade steel is moving higher in anticipation of an infrastructure bill passing in the coming weeks and new construction projects coming online later in the year.  Time will tell if that’s the outcome, but higher steel prices can still create some shortages throughout the rest of the economy.

Now here’s the rest of the news:

Gold Is Best Bought Before the Next Economic Crisis 
This could be the start of a cycle where the government spends even more, abetted by the Fed’s lack of concern about inflation.  Amateur investors will be caught off-guard.  There’s a possibility of extreme social unrest… [Read Here]

June 30, 2020

Today was Terrific Tuesday!
Why?
Because my wife and decided to make it so…  We picked up my mother, who lives alone and been cooped up like many “good Alberta’s self-isolating” and just got out into the fresh air together.  Yes it was raining, as ‘the weather’ has done for most of June in Calgary, but the air was clear, fresh and alive!
In less than an hour the visit was over, but it just felt so good to see each other, even as we continued wearing our own protective masks!!!
Love You Mum, love you!  …  In other matters, the Markets!

Easy PeezyGood morning.
I wrote about the possibility last week but it now a reality.  Wells Fargo is cutting their dividend in order to meet the Federal Reserve’s requirements following the stress tests.  While the exact pay-out hasn’t been determined, it is a reflection of the difficulty of big banks in a recession.
The question is going to be whether Wells Fargo is the first domino to fall.  [Likely not.]

Now here’s the rest of the news:

The Biggest Disconnect Between Prices And Profits In Stock Market History?  Everyone is talking about the massive disparity between stock prices and fundamentals right now.  To paraphrase Jeremy Grantham, we now find ourselves in the top 1% of stock market valuations and the bottom 1% of economic outcomes (based on the annualized rate of decline in second quarter GDP).  A popular way to demonstrate this gap is seen in the chart below which plots total equity values along with total corporate profits.  [Read Here] the rest of the Felder Report.

June 30, 2019

“Compliments are like potato chips. Once you’ve had one you look for more.” – Harvey Mackay

As you may be able to tell, I just receive Harvey Mackay’s Weekly Nationally Syndicated Column…

In it was an article entitled, People Live Up To The Encouragement They Receive

Encouragement is an especially valuable tool … a manager who cares will remember these basic elements.  Here are the quick five:

  1. “I want to feel important.”  No one wants to feel like a number, interchangeable and easy to forget.  Get to know your employees as people; find out what makes each one unique and show them you’re paying attention to their individuality.
  2. “I need encouragement.”  Even the best employees continue to flourish and grow with positive feedback.  Let them know what they’re doing right and how they can keep performing at a high level.  They’ll notice and keep up their efforts.
  3. “I want to believe in you.”  Employees want to know they can trust you – your knowledge, your expertise and your word.  Show your commitment to helping them succeed and grow by listening, answering questions honestly and keeping your promises.
  4. “I want to succeed.”  Most employees want to do a good job, even if they don’t necessarily want to advance.  Explain your expectations clearly, and give them the training and support they need so they know you’re investing in helping them.
  5. “I want to be motivated.”  Yes, motivation springs from inside, but employees want to be told why they should complete a project or improve quality in terms that make sense to them.  Emphasize the job’s value to the organization, as well as the benefits the employee will enjoy — personal satisfaction as well as more tangible rewards — to unleash their enthusiasm and commitment.

As humorist Robert Henry said: “People do not live by bread alone.  They need buttering up once in a while.”

As always … thanks Harvey, 🙂

IMG_0712
Come From Aways, Do You?

More Posts

07-JULY 29-2021

Good morning. Yesterday saw the latest Fed meeting.  As expected, the Fed had some nice things to say about how the economy was doing, and why all those rising prices and shrinking portion sizes at the grocery store were temporary.  But when it came to, say, pulling back on the billions of dollars per day of bond buying, the central bank once again punted on the issue, saying they were looking into it. This is a replay of its model from the last crisis.  Yes, the Fed will eventually scale back its bond buying, possibly even to zero.  And it

07-JULY 28-2021

Good morning. Last week saw the stock market dive on rising Delta variants to Covid 19.  Yesterday saw a big drop, particularly for tech.  The reason?  A crackdown by China over a number of companies there. These drops are usually healthy, as they help curb speculation and keep traders on their toes, either by quickly turning profits into losses, or by creating new trading opportunities at a better value.  This summer’s market is starting to look like the summers in the mid-1990s when tech stocks would correct going into the autumn, only to end the year higher.  In the meantime,

07-JULY 27-2021

Good morning. Trading is fun and exciting, and being able to leverage small short-term moves into big profits makes for a fun and profitable hobby, even with the occasional big loss to talk about.  But some of the best returns can come from taking a long-term position in a multi-year trend. In a special edition of Trading Tips today, we’ll be looking more in-depth at what’s set to be the biggest trend of the decade.  It’s potentially a $30 trillion market, far bigger than 5G, the Internet of Things, all the meme stocks combined, and even cryptocurrencies.  It’s changing the

07-JULY 26-2021

Good morning. As much as Wall Street loves rumors, Washington DC is the major league.  The latest rumors are that Federal Reserve Chairman Jerome Powell might not be nominated for a second term to lead the Fed.  While his tenure has been little different than his prior two predecessors given the crises he’s had to deal with, some progressives don’t think the Fed chair has done enough on income inequality and other matters. That could lead the White House to find a more radical leader for the central bank, potentially even one willing to embrace the latest economic theories such

07-JULY 25-2021

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: Waves Crash Across the Rocky Shore. … I’ll watch awhile!. July 25, 2020 David Newman suggests YOU Grow Your Business with a Book! One of the fastest ways to grow your business (especially now) is with a book that positions you as an expert. Why? Because as opposed to webinars or events a book gives your prospect instant gratification.  They are able to download it and consume it the exact moment they see it. So

07-JULY 24-2021

Letting Go Of Guilt “Guilt can stop us from taking healthy care of ourselves.” –Melody Beattie Guilt is like a rock.  It sits in the pit of our stomachs and can weigh down our every thought, behavior, and action.  It can distract us all throughout the day and keep us awake at night.  Our muscles work overtime just to carry it around, and yet we still hold onto it. It’s imperative that we stop feeling so guilty. That’s not to say that you shouldn’t feel guilt.  True guilt is a loving instrument from Spiritual Guidance used to convict, correct, and confirm your

07-JULY 23-2021

Good morning. Technology companies need to constantly innovate.  That results in a high amount of money being spent on research and development, which in turn helps keep a company’s taxes lower than a company that makes the same product year-in, year-out. So it’s no surprise that regulators are always on the lookout for ways to try and get more taxes out of these massive firms that often have little to no earnings.  One proposal is being floated for a new generation of technology: a space tax.  Or, more specifically, a per-passenger tax on space flights like the ones just completed

Like this article?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest

Leave a comment

Send Us A Message