The excess lending that led to the housing crash was inevitable. But it took a few specific events for many investors to see what was unfolding and belatedly prepare. One such moment was the collapse of Lehman Brothers, a venerable Wall Street firm that went belly up overnight on mortgage-related losses.
Over in China, Evergrande, the country’s second-largest real estate developer, is in a collapse similar to the “Lehman moment” that shook markets in September 2008. The company’s shares have dropped under their 2009 IPO price in recent days. Company bonds are being priced for pennies on the dollar as fears of default rise. Time will tell how this will play out — and how much a major blow up in China can affect world markets. Events like this certainly point to heightened volatility in the weeks ahead, in line with our view that these are the months where the market is most primed for a pullback, but not necessarily a big collapse.
Now here’s the rest of the news:
Everything Is Infrastructure Now –Eric Boehm,Reason
What exactly could be so vitally important that not only America’s future but the entire project of liberal democracy hangs in the balance? [Read Here]
September 09, 2020
As I pointed out last week, the selling in the market didn’t look like it was over based on the volatility markets. The lack of movement in the VIX on Tuesday is just another indication that sellers haven’t capitulated, and the bottom isn’t quite near.
Even Tuesday’s advance/decline for the NYSE wasn’t bearish enough for a typical bottom. The takeaway is to be on the defensive, but start building the list of opportunities for the next rally.
Now here’s the rest of the news:
Wall Street Gets a Bad Case of the Munchies by Jim Pearce
In addition to the obvious beneficiaries, the coronavirus pandemic has an unexpected set of stock market winners. Recently, the recreational vehicle industry has seen sales boom this year. People want to travel but aren’t yet comfortable getting on airplanes.
You can add the snack food industry to the list of unlikely winners. Three months after the outbreak of COVID-19, sales of cookies variety packs spiked 20% versus last year. Sales of salty snacks such as potato chips and pretzels are up nearly 15%, outpacing cheese snacks (11.5%), popcorn (9.5%), and pita chips (6.1%). It would appear that demand for snack foods is inversely proportional to their nutritional values…
China To “Gradually” Sell 20% Of Its US Treasury Holdings, May Dump It All In Case Of “Military Conflict” by Tyler Durden
Ever since the early stages of the US-China trade/tech/virus/cold war four years ago, there were frequent rumors – which eventually gave way to increasingly legitimate chatter – that China was looking to go full “nuclear option” by selling some or all of its $1+ trillion of US Treasury securities, which incidentally has not been too far off the mark: as the chart below shows, after peaking in 2013, Chinese holdings of US debt have been steadily declining (and not so steadily in the aftermath of the Chinese devaluation), and are currently near the lowest level in 8 years.
September 09, 2019
What benefits the Giver more than the Recipient?
We are talking about …
Usually gifts benefit the recipient. The giver also benefits because they get to experience the joy of giving and they get to see how happy their gift has made others feel but for the most part gifts benefit the recipient more than the giver.
There is a very important gift that is absolutely necessary for success that greatly benefits the giver more than the receiver. Until you master how to give this gift, you will never be as successful as your highest potential.
When you carry a grudge against someone who wronged you in the past, you let them to continue hurting you. They have probably moved on from the situation and are continuing on with life yet you continue to suffer. However if you forgive that person, you get to let go of the pain.
“Holding onto anger is like drinking poison and expecting the other person to die.” —Buddha
Stop Hurting Yourself
When you hold a grudge, it greatly affects your life in ways that you may not ever see. Just like a dog can smell fear, people can sense when you are holding on to anger. They may not be able to identify it but they know that something is ‘off’ with you. When you are unconsciously sending off these bad vibes, people don’t like it and they don’t want to associate with you.
They don’t want to be friends with you.
They are less likely to hire you or promote you.
They are less likely to date you, or marry you or stay married to you.
They are less likely to do business with you.
The Only Barrier
The only barrier that stops you from forgiving someone is you. No where in any scripture does it say that to forgive someone, that they need to be deserving of it, that they need to ask for it or that they even need to be aware of it. You just need to let go. Decide to forgive and get on with your life.
Did This Help You?
Create A Great Day! 🙂
September 09, 2018
September 09, 2017
Last night was not the best … but today “promises” to be MUCH better. As we walked through the Shining Waters Inn‘s lobby toward the front office [which was quite busy], we met up with Esme, Olly and Alan. Breakfast first, business can wait!
We strolled along the pathway dotted with cottages, on this bright sunny morning, towards the “Shining Waters Restaurant for our inclusive breakfast,” Esme said she encountered a household fly flying around in her room when she woke this morning, joking that we might want to add it to our collection. Apart from last night, our room was “fly-less” when Caryl & I got up! Alan and Olly looked puzzled as Caryl explained our “banging about in the room.” Alan said, he and Olly thought Caryl and I were re-arranging the two-single beds into one! They’re thinking was, WE were obviously quite anxious TO DO IT … and that the noise meant we were thumping and bumping around, enjoying ourselves. “Wink, wink!”
Breakfast was excellent … and later when we returned to the Inn, then speaking to the proprietor at the front desk, we were offered and received “partial compensation!” [Unfortunately it IS an older structure … and the screen fell off … and nobody before had mentioned the problem(s) we had…] CASE CLOSED.
(Pictured left) the girls standing outside Anne of Green Gables.
Located about a kilometer from where we were staying … the “Lucy Maud Montgomery ” National Historic Site, Gift Shop and Interpretive Centre. Author Lucy Maud Montgomery was born in P.E.I. in 1874. (Below) a few additional pictures taken inside the structure and of the yard behind. She passed away in Toronto, Ontario in 1942.
(To the right) a picture of the three-sisters walking along the trail of Sentier Haunted Woods where much of the substance of Montgomery’s writing material was imagined. Looks like they have had a great morning…
Alan and I set off for the beach and coastline in search of adventure and possibly a geocache or two. It was quite surprising to hear that the crumbling sandstone northern coast of Prince Edward Island is eroding at the rate of about 1 metre per year.
We walked about for several hours, and in leaving the area had trekked across private property. Within minutes we were picked up by a tourist couple in their vehicle and driven back safely to Shining Waters Inn and Cottages, just missing the girls as they had finished their National Historic Treasure and now were walking down towards the beach.
Alan and I returned to geocaching — locating one in the local cemetery, another on the grounds of the Cavendish Tourist Centre, and still another in the bushes behind the petrol station. [We even managed to grab lunch at the ice-cream take-away / fish & chips shoppe.]
When we all met back together around 5:00 pm at Shining Waters, we had each eaten lunch at various places and at various times. We decided to “freshen up” and then head-out in the KIA for dinner at the Blue Mussel Cafe. My buddy Bill Jones on a previous vacation to PEI had mentioned what a great dining experience was about to await us!!!
Not a word of a lie … the best place … hands down for fresh seafood and a true dining experience. First we had drinks in the bar while our table was being cleared, then we moved to our table for appetizers. I choose to order a plate of mussels, while the 6_foot catch of the day, [8 oz. portions of halibut] were being prepared. If that were not enough, we each finished our meal with a fabulous dessert, to be chosen by each individually. Simply delicious!
Returning to the Inn, we said our “good-nights” knowing morning would mean leaving PEI for New Brunswick.