One of the biggest market fears has been the debt ceiling debate out of Washington. While the government can find ways to keep paying its bills without going into debt, such as a plan to mint a one-trillion-dollar coin, a default could wreak havoc on the Treasury markets, an asset class typically regarded as the safest in the world.
Now, a deal has been made to raise the debt ceiling, allowing stocks to follow up on Wednesday’s rally with an even larger move higher on Thursday. But traders are likely only to see fears creep back in. That’s because the deal is only good until December 3.
Typically, the markets are starting their year-end rally around that time. This year? We may be in for some more volatility. But for now, we have a breather after a few rough weeks of trading.
Now here’s the rest of the news:
Economist Explains Problem With Just Minting $1 Trillion Coin to Pay the Government’s Bills –Brad Polumbo,FEE.org
We shouldn’t actually need an economist to explain why conjuring a trillion dollars out of thin air is terrible idea, and yet here we are… [Read Here]
October 08, 2020
Markets love the talk of stimulus about as much as they dislike the talk of less stimulus. At least, that’s the lesson from the past two days. President Trump came out with a series of tweets on Wednesday morning, which helped to reverse Tuesday’s sharp losses. Among the tweets was a promise to sign a bill to get another $1,200 stimulus check out before Election Day.
Don’t be surprised to see some political bickering over who can promise the best stimulus package if elected next month. That seems to be what will provide the market a lot of its volatility between now and November 3rd.
Now here’s the rest of the news:
It’s Time to “Just Say NO” To China
It’s become obvious that huge portions of the Chinese government can’t be trusted…
They constantly cyberattack us. They steal lP. They steal military secrets.
They lied about coronavirus. They lie about tons of things. And you know what?
I think it’s time to put a stop to it all. It’s time we put America ﬁrst.
With the full faith and backing of the U.S. government, America is about to experience a new economic boom the likes of which has never been seen before…
October 08, 2019
Wasn’t yesterday’s Blog/Post motivational?
Wasn’t Sunny great at getting you on track?
“Nothing is impossible. The word itself say, ‘I’m possible.'”
There’s no one single reason why we struggle — to break bad habits, achieve our goals, or excel in our desired domain — but more often than not, the biggest challenge is sitting between your two ears.
Yes, your mind is incredibly powerful, and quite frankly, it’s a double-edge sword. The stories you tell yourself, the things you believe about yourself, and the way you talk to yourself can either be the limiting factor holding you back or the key to blossoming.
According to Stanford University researcher Carol Dweck, the difference may come down to your mindset, or more specifically, whether you embrace a “ﬁxed” or a “growth” mindset. Here’s how Dweck describes the difference between these two mindsets and how they impact your performance…
In a fixed mindset, students believe their basic abilities — their intelligence, their talents — are just fixed traits. They have a certain amount and that’s that, and then their goal becomes to look smart all the time and never look dumb. In a growth mindset, students understand that their talents and abilities can be developed through effort, good teaching and persistence. They don’t necessarily think everyone’s the same or anyone can be Einstein, but they believe everyone can get smarter if they work at it.
Believe it or not, most of us are guilty of having a ﬁxed mindset — at least in certain situations. And that can be incredibly dangerous and destructive because a fixed mindset can prevent skill development and growth, which can be disastrous for health and happiness over time.
If you believe things about yourself like…
- It’s hard for me to lose weight.
- I’m not good with numbers.
- I’m not a natural athlete.
- I’m not creative.
- I’m a procrastinator.
It’s pretty evident that those fixed mindsets will lead you to avoid experiences where you might feel like a failure. As a result, you don’t learn as much, you don’t try as hard (in those areas) and it’s harder to get better.
What can you do about this? How can you change the things you believe about yourself, eliminate your fixed mindset and actually achieve your goals?
The formula is simple albeit not necessarily easy. For starters, realize that skill is something you can cultivate, not merely something you’re born with. You can become more creative, intelligent, more athletic, more artistic and more successful by focusing on the process — not the outcome.
Instead of worrying about winning the championship, commit to the process of training like a champion. Instead of worrying about writing a best-selling book, commit to the process of publishing your ideas on a consistent basis. Instead of worrying about getting six-pack abs, commit to the process of eating healthy each day.
It’s not about the result; it’s about building the identity of the type of person gets to enjoy those results. Sustainable, long-lasting change starts with building a better identity, not by focusing on results like your performance or your appearance.
To less struggle … and a freer day! 😉