There was only a small chance that the Federal Reserve would make some kind of change in its current policy in its last meeting of the year. But yesterday, the central bank stated that it was keeping interest rates unchanged at zero, and that it would continue with asset support (i.e., quantitative easing, i.e., money printing) as needed.
It didn’t give markets much of a shot in the arm. Given the performance of stocks this year, a further push was hardly needed in the last fortnight of 2020. The Fed’s moves this year brought back all of the programs it took months to develop during the financial crisis in the span of less than a month. And with the ever-popular “Money Printer Go Brrr” meme still in effect, traders should expect market pullbacks, but not full-blown bear markets, anytime soon.
Now here’s the rest of the news:
Gold for the People: “With the ‘recovery’ weakening the rate on a 10-year note will tumble even lower than this year’s record lows around 0.5%. This will provide an enormous boost to gold prices.” —Jim Rickards
Gold is Top 5 in U.S: “In the U.S., gold ranks in the top five most commonly-owned investments.” —World Gold Council
December 17, 2019
Love politics … or hate politics.
Love politicians … or hate politicians.
I don’t think Darren Hardy’s message is centred around politics … I just thought it to be a great intro-duction to: “Someone’s Gonna Get Fired!”
Ever go to sleep at night with list of plans for the next morning to “start your day right” and instead find yourself pushing the snooze button when it’s time to rise and shine? I know I’m certainly guilty of this, and I think it’s fair to say we all are. Why is this such a common issue? Because our present and future selves don’t always agree with one another! We may love the INTENT of our future goals, but as soon as we are faced with holding out or instant gratiﬁcation, the present self chimes in — usually wanting the opposite thing we’ve just spent time thinking about.
This doesn’t mean we don’t WANT to be successful — we all do! It just means we’re going about how we approach success and motivation the wrong way. If we know we’re geared towards more instant re-wards, we need to find ways to build these into our long-term plans. James Clear, a writer and entrepre-neur who focuses on human habits recommends using three strategies to accomplish this. 😉
“Once Your Mindset Changes, Everything On The Outside Will Change Along With It.”