10-OCTOBER 30-2021

“You are only young once, and if you work it right, once is enough.” –Joe E. Lewis

Humor Can Save Your Life

The story goes that a certain court jester went too far one day and insulted his king.  The king became so infuriated he sentenced the jester to be executed.  His court pleaded with the king to have mercy for this man who had served him well for so many years.  After a time, the king relented only enough to give the jester his choice as to how he would like to die.

True to form, the jester replied, “If it’s all the same to you, my Lord, I’d like to die of old age.”

Certainly in this case, a good sense of humor saved the man’s life.  It’s true for us as well.  We may not be faced with a situation where our wit will save us from an execution, but our sense of humor and the ability to laugh at things has proven health benefits that extend and improve our quality of life.

Norman Cousins, in his book Anatomy of an Illness, wrote about how he recovered from a life-threatening and incurable condition.  He rented films of comedies and watched them for hours on end in his hospital room.  He had nothing to lose since he’d been diagnosed as terminal.

His “experiment” turned out to be a classic example of the healing power of laughter.  He lived years longer than doctor more than once had predicted.

If it worked for Cousins with a life-threatening illness, it can work for us to enhance and protect our good health.  We should laugh often and heartily.  It’s good for our digestion and our disposition.

Besides, life’s too important to take seriously.

“A person without a sense of humor is like a wagon without springs, jolted by every pebble in the road.” –Henry Ward Beecher

October 30, 2020

But SeriouslyGood morning.
Headlines were quick to tout a 33 percent growth in GDP yesterday morning.  However, much like the big drop earlier in the year, the amount is really less than that.  The 7.4 percent rise was annualized for the quarter, making the growth in the economy sound bigger than it is.  Backing out the annualized numbers, overall the economy is on track to shrink just over 3 percent this year.
For an economy that typically grows 2-3 percent annually on average, a 3 percent decline is still large in its own right.  But for dealing with unprecedented economic shutdowns amidst a global pandemic, the total decline could have been far, far worse.  It’s easy to see why so many (including a President up for re-election next week) were quick to tout the best quarterly GDP numbers of all time.

Now here’s the rest of the news:

It’s Been Years Since Investors Have Been This Fearful of a Stock Market Crash
That’s Robert Shiller, a Nobel Prize-winning economist and Yale professor warns.
And another  Standard Chartered Bank analyst warns that the greenback is vulnerable to a “significant depreciation” as sovereign fundamentals appear to be “pointing south”.

October 30, 2019
And On Top Of That...

Even More … You can’t get away from the NEWS… Typically, a board seat at a company is something that’s either earned from some kind of similar industry or business experience, or it’s from owning enough shares to have a seat at the table.  While the specific choices are often chosen from a pool of known friends and associates, other considerations are often made.

With all of the talk swirling around the board seat held by Hunter Biden, son of then – Vice President Joe Biden, at a Ukrainian gas company, Hunter decided to come out and admit that he “probably wouldn’t” have gotten the seat without dear old dad.

H E R E ‘ S … D A R R E N …

If only everyone could have a parent serve as Vice President… or senator… or even in Congress.

Another thing-for-sure … NEWS!  😉

IMG_0712
Come From Aways, Do You?

More Posts

05-MAY 15-2022

Today “small town” in Newfoundland is… Salt Harbour. May 15, 2021 Struggling … how to break bad habits? “Nothing is impossible.  The word itself say, ‘I’m possible.’” –Audrey Hepburn 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

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

Like this article?

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

Leave a comment

Send Us A Message