Moody’s - 2023 Will Be A Tough Year
You probably remember some of the lyrics of the Kenny Rogers hit, “The Gambler”. Kenny was not the first person who recorded the song, but if you asked virtually anyone alive today they would surely credit Kenny Rogers as the person who first brought it to life.
Better Know The Direction
Any pilot knows the importance of knowing what direction wind is blowing. Wind affects flight times, but the landing part is when things can get pretty tricky. Wind gusts do some challenging things when a flight is about to land.
The economy has its own set of “indicators”. As the Federal Reserve attempts to control inflation with a series of swift interest rate hikes, a frequently ignored economic indicator revealed on Friday that the U.S. economy is either already in or headed for a recession.
Mickey Thinks Disney Is Goofy
While Disney is but one company that could cause many people to avoid BlackRock and Vanguard, a careful study of their holdings may cause you to wonder just how your investments are being handled. ESG investing, investing in companies you personally feel go against your moral values, and the huge loss of dollars should all be considered.
Money As Cheap As Sand On A Beach
Year after year of cheap money was the basis of the issue. For ten years, Wall Street drank cheap money, and it will eventually result in another financial crisis.
The News; Where To Begin?
We have a very important election in just a few days, is it possible the folks who have been running our country may want to distort the truth about our economic world?
Like Water Disappearing In A Black Hole
Yogi Berra once said, “The future ain’t what it used to be”. The same could be said for your retirement assets if you fail to act decisively. As I have written for some time, this is not a time to “hope for the best”. It is time to be safe.
Like Football Fortunes, Investment Fortunes Change
Investing in the same things, no matter the market cycle, can be very costly. You may have invested in your own company stock for years, but that may not be smart during this market cycle. To prove this point, all one has to do is go to Yahoo Finance and have a look at the chart which shows actual history.
The Expected Financial Crash Is Finally Here
The short version of what follows is things are looking even worse now, and on multiple fronts. And unlike 2007-2008, where the officialdom actually was monitoring the US (and other markets) housing bubble and derivatives implosion and engaging in (not adequate) responses, here top financial and monetary authorities are missing in action as far as these obvious risks are concerned.
In The News
Fed officials on Thursday reiterated calls for aggressive policy to combat stubbornly high inflation—fueling expectations for bigger rate hikes amid a stock-market selloff that’s seen major indexes hit new lows for the year—and some analysts project that the losses could only deepen.
Parallels To The Dotcom Bust - Bubbles Everywhere
Since 2008, the Fed has inflated asset prices with interest-rate repression and QE, huge amounts of QE. It caused the greatest asset bubble ever – the Everything Bubble.
“The Numbers Don’t Portend Well” - FedEx CEO
FedEx shocked Wall Street on Thursday by scrapping its earnings forecast for its current fiscal year, which it had issued less than three months ago.
Flatten The Curve II
“So what we have to do is flatten the curve and avoid the peak demands,” Leyen added. “We will propose a mandatory target for reducing electricity use at peak hours. And we will work very closely with the member states to achieve this.”
A Gambling Parlor?
“We are in a bubble, but it is unlike any other.” The excessive bubbles of history took a great economic situation and extrapolated it into the future, based on an assumption that today’s perfect conditions will continue.
More Reasons For Us To Be Safety Conscious
Two open jobs for about each person looking. It’s good to have open jobs, no question about that. But the problem right now is that businesses are frustrated to the max that they can’t find workers. We still have so many workers sitting on the sidelines right now. If you look at the labor participation rate numbers, it’s lower today than it was before the pandemic started.
The Federal Reserve Has Lost Control
“We are moving our policy stance purposefully to a level that will be sufficiently restrictive to return inflation to 2 percent,” Powell said. “Restoring price stability will likely require maintaining a restrictive policy stance for some time. The historical record cautions strongly against prematurely loosening policy”.
The Signs Are Clear
A good question would be, why would anyone decide to invest in Compass? Further, if some entity did invest in such a company, it would be reasonable to question how that entity did their due diligence, and how their investment policy was designed.
Is The Housing Bubble Popping?
The housing market has long been a key component of the American economy. Real estate is a significant domestic source of income and employs many Americans working in the construction industry.
Jobs Report - Good News?
Having studied government reports for a couple of generations, I think it wise to be a little dubious when a rosy picture is being painted about anything when an important election is just around the corner.
Historical, or Hysterical
Since the Fed’s founding in 1913, the US dollar has lost 97 percent of its purchasing power. Furthermore, Fed policies helped engineer the Great Depression of the 1930s and the Great Recession of 2008–09
The Economic Truth
Now, the Fed is promising endless rate hikes and $1T of balance sheet reduction onto a planet with emerging market and Euro-zone credit markets in flames.