Good morning.
In math, the concept of delta refers to the rate of change. For an economy based on expansion through debt creation, one key measure is how much growth is created through the addition of a new dollar of debt. This is known as the fiscal multiplier.
While there are a lot of assumptions that go into it, the general consensus by economists is that the more debt in an economy, the less value for economic growth occurs. In the 1950s, for instance, government investing in the national highway system led to more than $2 of economic growth for every $1 invested. Today, the returns on a new dollar of government spending are closer to $0.50. Logically, it doesn’t make sense to continue. Politically, it does.
It’s this slowdown in growth despite spending – a new “delta variant” if you will – that could point to why many countries heavily in debt get into trouble. It could only take one small event, like the collapse of a key investment bank or real estate developer, to ripple through the entire economy and create a debt collapse. That may not happen in the US anytime soon, but these fears will likely remain while the Evergrande implosion continues to make headlines. Stay cautious.
Precious Metals Prices
Price at week’s end (change over last week):
Gold … $1,751.56 (-0.2%)
Silver … $22.51 (+0.1%)
Platinum … $992.54 (+4.5%)
Palladium … $2,003.42 (-2.1%)
Now here’s the rest of the news:
Cramer: Gold and Crypto’s Roles in Your Savings
Investing guru and CNBC host Jim Cramer likes and owns gold as well as bitcoin and ether. However, they have very different purposes in your savings, and only one of them is essential… [Read Here]
Congress Has Big Plans for Your Retirement Savings
We finally have a draft of Biden’s plan to fund his “Green New Deal,” and it isn’t pretty. Uncle Sam may turn into a “retirement robber baron” if Congressional Democrats get their way. Here’s what they’re planning… [Read Here]
Evergrande Contagion Threatens to Collapse the Everything Bubble
The China real estate bubble just popped, and now we’re staring down the barrel of a financial shotgun. Here’s why Fed Chairman Jerome Powell is whistling past the graveyard… [Read Here]
September 27, 2020
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Describing its beauty!!! Think it’s Saint Pierre, France.
… I forgot the cheese with those bagels.
September 27, 2019
2 Simple Ways Of Building Faith In Yourself
Building Faith
Faith is one of the essential ingredients to success. If you don’t believe in yourself, you won’t try your best. When you don’t try your best, you simply won’t succeed. When you don’t have faith in yourself, you will unconsciously self sabotage your efforts. You will get frustrated and you will quit.
But how can you build faith in yourself when you feel like a failure?
Review Past Success
We often forget how awesome we really are. We forget some of the amazing things that we have accomplished in the past. For me, its bouncing back after I lost everything. For others, it might be recovering from an abusive childhood or an abusive relationship. If you look hard enough, you will find that you have accomplished something of meaningful significance. If you can’t find it, you haven’t looked hard enough. It’s there.
But even if you have difficuity finding some meaningful achievements in your life, you can always took at the thousands of “against all odds” victories that many have lived before. You will find them in multiple places: the bookstore, the library, online, movies that are based on a true story etc.
When you look at these stories, you will find that there are many who have started with less than you, yet they still achieved success anyway. They may have started with less money, less time, less contacts and/or less education. They had the odds stacked against them yet they still made it. If they can do it, why can’t you?
Take Action
Sometimes building belief is just about starting even when you don’t think you are ready. When you get started, you realize that it my be hard hard but not so hard that you can’t do it. If you decide to set a mini goal for yourself, you’ll build confidence when you achieve it. If your goal is to lose weight, maybe your first goal is to lose that first pound. If your goal is to write a book, your first goal might be to write everyday for a week. What’s important is that you set your goal and then achieve it (no matter how small). That way you can build momentum, confidence and most importantly faith in yourself.
Did This Help You?
Create A Great Day! 😉
