09-SEPTEMBER 27-2021

Computer Dating 2021Good 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.

Guess-Where_4

… 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?

Am I Good Enough!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?

You Didn't Come This FarTake 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!  😉

IMG_0712
Come From Aways, Do You?

More Posts

08-AUGUST 08-2022

Good morning. Friday’s strong jobs report brought the unemployment rate down to 3.5 percent.  While most would see that as good news, typically, the economy is at this level of employment at an economic peak.  Similar levels in 2020, 2007, and 2000 can attest to that. This strong report also gives the Fed a reason to keep aggressively raising interest rates.  The economy won’t cool down until more people are losing jobs than gaining them.  And given how fast the Fed has been hiking rates, the more likely it is that they could fuel a “hard landing” that they’re working

08-AUGUST 07-2022

Only days away now! St. John’s Quidi Vidi inlet… August 07, 2021 Cultivating A Beginner’s Mindset “In the beginner’s mind there are many possibilities, but in the expert’s there are few.” –Shunryu Suzuki If it’s true what they say, that no one likes a know-it-all, what happens when the know-it-all lives in your head?  Funny enough, when people think they know all there is to know on a subject, they prove to be more closed-minded.  And daresay, less enjoyable to be around. The question then becomes: how can you embrace more of a beginner’s mindset, which reflects humility with respect

08-AUGUST 06-2022

  Today! August 06, 2021 Good morning. Rising Delta-variant cases, inflation fears, supply chain issues – the market is dealing with a lot right now.  That’s caused the market to feel like it’s sagging and about to drop, even when stocks are still just under all-time highs. Looking at the big tech space, which is largely rallying once again, and which makes up the biggest part of the market, it’s clear that the recent fears are just part of the “wall of worry” that the stock market sees during a bull market.  That view is also supported by Goldman Sachs

08-AUGUST 05-2022

Good morning. Oil prices have continued lower, with a barrel of crude breaking under $90 in trading yesterday.  That will likely prove further good news at the gas pump.  But it will mean bad news for investors who flocked into energy plays as oil prices surged higher earlier this year. In the meantime, it’s harder to find a more beaten-down space than cryptocurrencies.  Yet the world’s largest asset manager, BlackRock (BLK), is partnering with Coinbase (COIN) to make it easier for institutional investors to trade Bitcoin. It just goes to show – assets tend to be mean-reverting over time.  A

08-AUGUST 04-2022

Good morning. We’ve called it a recession since the first quarter data came out.  That was confirmed by a second quarterly drop just last week – even as the goalposts have been moved on the definition of a recession.  Ready for a third quarterly drop in a row?  The data suggests we may already be there. The data in question is the services PMI. It’s showing a large amount of declining output – in fact, the largest recorded since the global financial crisis in 2008.  That, combined with a slowdown in consumer spending and home prices, points to a third

08-AUGUST 03-2022

Good morning. Between inflation at 40-year highs and two quarters of negative GDP growth, investors in the US are dealing with some tough times.  But compared to the rest of the world, the US looks like one of the strongest places to invest now. Europe is likely in a recession, and its energy shortage due to Russian sanctions will only make it deeper.  In contrast, the US has the capacity to be energy independent.  The US is also food independent, at a time when grain shipments from Ukraine have finally started up again. Overall, investors can still be cautious.  But

08-AUGUST 02-2022

Good morning. The stock market’s strong rally of the past few days has allowed it to retrace nearly half of its losses since the start of the year.  That could mark the end of the recent drop – or it could be simply a bear market rally before the longer-term downtrend picks up. Some clues point to further downside.  While the Fed didn’t raise interest rates more than expected last week, they continued to warn on inflation, which still runs hot.  And a number of central bankers have warned that the Fed isn’t ready to pivot yet on its current

Like this article?

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest

Leave a comment

Send Us A Message