If you’ve ever climbed a mountain there are several points where you think that you’re at the top. Then after a few more steps you realize that there is a lot more to go. This aptly describes the market right now. Is what appearing to be a precipice really the top, or is it just a pause before another rally?
Fed Chairman Powell’s speech today at Jackson Hole didn’t exactly give a clear decision on their stance on inflation and Speaker Pelosi saying the they won’t budge on stimulus makes the pool of assets the Fed stands ready to buy isn’t growing. This, my friends, is the definition of a conundrum and the spike in the VIX is an indication of the uncertainty.
Now here’s the rest of the news:
The Fed Just Changed the Definition of Saving by Vic Lederman
The biggest banks and money managers have done everything they can to keep this under wraps. They know that seeing negative interest rates scares people. Money managers have simply done the unthinkable to hide it from you. But how? Let's get into it...
These investment managers are all slashing the fees on their money market accounts. But don't be fooled. They're not doing this as a kind gesture. They're cutting fees because if they don't... their money market accounts would show negative yields.
Simply put, the most basic form of cash savings in the U.S. has effectively turned negative... only to be saved by a cut in fees. That means U.S. rates have, in a practical sense, entered negative territory. Now, the big money managers sure as heck don't want you to see this. That's why they're cutting fees. The goal is to make it look like your account isn't losing money. But outside of this fee reduction, it is. And fees can only be cut so far. So given the current trend in rates, actual losses are likely just around the corner. All of this is to the detriment of savers.
The message is as clear as it gets. If you're sitting on a pile of cash, trying to be a "good saver," Uncle Sam is going to chew you up. The craziest part of this is that most mom-and-pop investors have no idea this is happening. And most folks believe that keeping a large chunk of their savings in cash is prudent. That's how it's supposed to work. You save money, and it pays off in the future. But the Fed has changed the rules of the game. The new rules say, "sitting on cash guarantees you lose money." And you can't fight the Fed. You'll never beat it at its own game. Now, more than ever, you need to be invested. Investing is the new saving. How you navigate these changes will determine whether or not you preserve your wealth. And thanks to the Fed, your hand is forced. So please, act now.
August 28, 2019
Does the Law of Attraction Really Work?
The Law of Attraction has been touted as the positive thinking approach to easily manifesting your dream life. But when you follow the commonly known steps on how to activate the power of the Law of Attraction in your life, and you still don’t see the results you want, you may question if the Law of Attraction really works.
You may even ask yourself, “Am I just doing it wrong?"
However, the reality is that many people don’t have a full understanding of how the Law of Attraction actually works. This is through no fault of their own. Films like "The Secret," while wonderful in many ways, only offer a partial explanation of how the Law of Attraction works.
For example, many people have come to believe that having a clear vision of what you would love, and then sitting and visualizing yourself achieving your goals and dreams, is all that it takes to manifest those goals and dreams into reality.
In reality however, there is more to the Law of Attraction than just this.
To activate the full power of the Law of Attraction in your life, you can't simply sit around visualizing what you want and expect good things to come to you. You must also begin taking action on your goals and dreams! Even taking one small step on a regular basis.
Taking action on your goals and dreams is a very important ingredient in the process of moving them from the realm of imagination into reality. To activate the full power of the Law of Attraction in your life, it's also important to know that in addition to the Law of Attraction, there are actually 10 more Universal Laws that govern how all things are created in the Universe. Whether you’re aware of them or not, these 11 Universal Laws are at work everywhere and at all times.
1. The Law of Thinking
2. The Law of Supply
3. The Law of Attraction
4. The Law of Receiving
5. The Law of Increase
6. The Law of Compensation
7. The Law of Forgiveness
8. The Law of Non-Resistance
9. The Law of Sacrifice
10. The Law of Obedience
11. The Law of Success
Once you understand how these laws work, and how to operate in harmony with them, you'll shift into a higher frequency of thought. As a result, you’ll ﬁnd that you begin experiencing a lot more freedom and flow in all areas of your life! 😉