10-OCTOBER 18-2021

Back to Work_15Good morning.
Treasury cash levels dropped from a peak of $1.8 trillion back in February to under $60 billion earlier this month ahead of the debt ceiling debate.  With the passage of a debt ceiling increase, the Treasury is looking to refill its coffers, with as much as $480 billion.

To raise the cash, the Treasury will be selling more T-bills, which could start to weigh on the bond market, pushing up yields in the process.  As we’ve seen throughout the year, rising Treasury yields can cause the market to stall.  So while all eyes are on the Fed to cause the next market volatility, this time around it may be the Treasury.

Now here’s the rest of the news:

Where Are Global Economic Forces Pushing Gold and Silver Prices?
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: What’s next for gold and silver, more parallels with the Great Recession, and investment demand for bullion is reaching new heights. [Read Here]

October 18, 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!!!  Winter Fishing Community of Trout River!

Winter Fishing Community of Trout River, Gros Morne National Park, Newfoundland and Labrador

Snuggled in a sheltered cove on the West Coast of Nfld. [ near… Gros Morne National Park]

October 18, 2019

The five Ws signpostGood morning.
Thanks to the ongoing trade war with China and all the uncertainty that’s created, US industrial production sunk 0.5% month-over-month in December.  That also sent total industrial production lower on a year-over-year basis for the first time since President Trump was elected.
Given how long major changes in production and sentiment need to change, a trade deal will need to be finalized soon to show up in the economic numbers before the 2020 election.  The real crunch time for the markets – and Trump’s presidency – is now.

Other NEWS:

Uprooting Your Habits, both good-ones and bad-ones, takes considerable commitment!  I’m personally working on replacing the word “but” with “and.”

The word but may trigger a negative reaction because it sounds like I’m counteracting one’s proposal.

The word and sounds like I’m adding or complimenting their suggestion.

Example:

“Mark, your proposal sounds amazing.  We’ll be able to satisfy the employees and generate more sales.  And it may entail a bigger budget that seems a little out of our reach.”

You first acknowledge Mark for all the benefits of his proposal (that it will be able to satisfy the employees and create more sales).  Then you wittingly mention the objection at the end (that it will necessitate a larger budget, which the company may not approve).

The second sentence begins with and not but so the objection is perceived to be more of an additional comment rather than a criticism.

Using an illustrator/cartoonist, Darren Hardy’s message today is Uprooting Your Bad Habits.

Most people can relate to this story.  Swallowing medicine is easier with a spoonful of sugar!!!

Inch by inch it’s a cinch … 😉

IMG_0712
Come From Aways, Do You?

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05-MAY 15-2022

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05-MAY 14-2022

Today! May 14, 2021 Good morning. One year ago, oil prices went negative as traders feared that the pandemic would lead to prolonged drops in oil use and got caught in trades they couldn’t get out of.  Today, oil and gasoline prices have held up well in inventory reports.  However, supply issues remain in the South and up and down the East Coast, even as Colonial pipeline paid a $5 million ransom to the hackers who shut down their system.  A number of states have declared emergencies as supplies have run low. It just goes to show that oil, one

05-MAY 13-2022

Good morning. Meme stocks are back!  Well, sort of. A spike in companies like AMC Entertainment (AMC) and GameStop (GME) occurred yesterday.  GameStop was even halted multiple times on the way up (but not on the way down).  Oddly, this may be an early sign that markets are looking for a short-term bottom, given the sharp reversals higher. On CNBC, analyst Jim Cramer came out against the traders of meme stocks using sites like Reddit’s Wall Street Bets, to find the meme stock opportunities in the first place.  Tough words for someone whose television show features sound effects.  But for

05-MAY 12-2022

Good morning. The good news?  Inflation has slightly slowed on a year-over-year basis, for the first time in seven months.  The bad news?  It’s still high at 8.3 percent.  And it came in higher than expectations. Looking at the data shows some reasons for the unexpected strength.  Most components of CPI still rose more than 6 percent in April.  But soaring food prices – which we’ve warned about fairly often — were a big contributor.  Another big move higher was record airfare prices, as high fuel costs and a reopened economy drove prices up. The data doesn’t give too much

05-MAY 11-2022

Good morning. Typically, growth stocks lead the market.  That’s because these companies have the ability to scale up rapidly, and one of the best signs of a stock heading higher over the long haul is increased earnings. Yet every few years, value stocks have their time to shine.  A year ago, Warren Buffett’s performance as being derided.  Yet he’s buying stocks now.  In contrast, Ark Innovation, the hypergrowth fund managed by Cathie Wood, is now not just down relative to Buffett — but it’s underperforming the S&P 500 since its inception. Can these trends reverse in time?  Yes.  Will they

05-MAY 10-2022

Good morning. Any econ 101 student can tell you that there’s a lag effect between something like, say, the creation of trillions of dollars in spending, and inflation rates reflecting that.  We’re seeing that trend play out today, with the highest inflation levels in decades. The good news?  Some of that new money first went to financial markets, rather than in goods and services.  That helped keep many things affordable, especially during the initial lockdown phase of the pandemic.  But today, we’re seeing the impacts of those past lockdowns (and current ones).  And we’re seeing that handing out money directly

05-MAY 09-2022

Good morning. People don’t mind inflation when it hits things like assets.  When stocks and home prices are rising, consumers feel wealthier.  This “wealth effect” tends to be beneficial to spending, which then become a self-fulfilling prophecy. The 2009-2020 market rally started with this effect.  The bank bailouts propped up the banks, but didn’t cause inflation on Main Street.  Today, thanks to the stimulus measures during the pandemic, Main Street went on a spending binge.  That’s caused a reverse wealth effect as the prices of goods like food and utilities are rising at a rapid rate — but now asset

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