Jeff White loved being a financial adviser and stock broker. Then came 9-11 and he realized that he needed to do something else…
While he was slaving away in the financial industry, he had acquired a love of working out and staying in shape. During this time he noticed many of his colleagues had been gaining weight and living an unhealthy lifestyle. Thus his transition to becoming a Certified Personal Trainer and Health Consultant was a natural one that made his life so much more fulfilling and worthwhile.
Instant Equity is the key to opening up your options, regardless what kind of market we’re in. It doesn’t matter whether the market is going up or down. When you’re buying property the right way, you’ve made your profit when you bought the property. Then when you list the property to sell it, you can list it below market and you’re able to sell it much faster. You’re turning your capital over faster and therefore realizing a higher return on your capital, which is what it’s all about.
He called the turn in the stock market on the dime, but couldn’t get in to make the trade. Sometimes the market stays ahead of even the most seasoned trader. He’s sticking to his theseus that treasuries are the trade of the century and is putting his money where his mouth is. So far, so good.
Precious metals are still in a bear market and the immediate future’s not looking good, but for how long? All bear markets eventually become bull markets, it’s just a matter of when.
Do you know who Audie Murphy is? After just celebrating Memorial Day, it is important that we remember and celebrate our heroes and their sacrifices. Murphy, The Most Decorated Soldier of World War II, lived a life full of turmoil and triumph. The story of Audie Murphy is really the story of the effect of war on the individual soldier and how he must handle “the single most pervasive, traumatic experience of war”: killing and seeing others killed. In the book, David tells a timeless story; one of heroism and tragedy. Audie Murphy’s life story is the “cautionary tale of a hero” that the American public has forgotten.
There are three hot spots in the world where war could break out. Tensions continue to be high in the Ukraine crisis. The U.S. is continually beefing up supplies and help to Eastern Europe. There are military drills happening on land and in the air with NATO. Likewise, the same type of drills are happening with Russian military. Iraq is a mess with gains being made by ISIS and counter attacks by the Iraqi military and Shia militia. Secretary of Defense Ash Carter said the Iraqis outnumber ISIS but “lack the will to fight.” Military sources said, this past week, that Iraqi forces were “not driven out” of Ramadi, but they just “drove out” of that town on their own. Now, a new offensive is taking shape to take back Ramadi. President Obama is not planning on sending troops but will train and fly support missions. The support bombing missions are sparse and some say are a joke. We see how well the Obama Administration strategy has worked so far. It’s a disaster.
The big future war probability, that isn’t getting much coverage, is China. The South China Sea is supposed to be international waters, but China is now claiming a large chunk of it. That country is building islands, lighthouses and future military bases on them. The Chinese themselves say these Islands are for military purposes. They are building bases with long runways, and this is a way for China to project power. It should worry anyone with a brain. The Chinese claim the US is causing “provocations and instigations.” The Pentagon says it will keep sending ships and surveillance aircraft into the South China Sea. Can a military conflict be far off?
How do you support a consumer economy with stagnant incomes for the bottom 90%, rising basic expenses and crashing employment for males ages 25-54? Answer: you don’t.
Frequent contributor B.C. passed along a sobering set of charts that provide context for How The Average U.S. Consumer Spends Their Paycheck. The basic story is well-known to the bottom 90%: most of the household income goes to taxes, housing, food and transportation, with healthcare and insurance, pensions and retirement contributions rounding out the big-ticket items. (Higher education is, as we all know, paid with student loans by all but the top-tier of families.)
Here’s the question this raises: is the sliver that’s left enough to support a $17 trillion consumer economy? The answer is obvious: no.
Markets this week have been all about renewed dollar strength, with precious metals side-lined. The only notable move was when gold lost $20 and silver 40c on Tuesday, following holidays in the US and UK on Monday.
The reason for the sudden fall was the dollar strengthened against the euro, which faces a possible Greek exit, and also the yen for unspecified reasons other than its recent consolidation looks to be over. In the case of the yen, the chart level of ¥123 was comprehensively taken out, clearing the way to a run north of €130 (note that a higher number is a weaker yen).
By early this morning gold had lost a net $15 on the week to $1190, and silver a net 35 cents to $16.75.
Last Tuesday’s dollar strength pushed gold and silver lower through support levels at $1200 and $17 respectively; as if they didn’t even exist.
This time is different. The level of the stock market valuation is worse than most times when such claims are made to keep investors hooked.
Despite all the carnival barker promotion, government propaganda and CNBC cheerleading, no one can justify the current value of financial assets. That does not mean valuations cannot remain at these levels for a while or perhaps even increase a bit. However given historical metrics and an economy that seem broken and has been that way for about seven years, there is ample downside room with seemingly little upside. Even Alan Greenspan would likely be too embarrassed to understate the current situation as “irrational exuberance.” He is now far enough removed from the scene of the crime that he can speak bluntly about the current situation. Recently Brien Lundin described Greenspan’s current position:
After trading flat through the first half of the day in Far East trading, the gold price began to inch higher in afternoon trading in Hong Kong on their Thursday. But shortly after 9 a.m. BST it was obvious that a willing seller appeared. The low tick came in a down/up move centered around the London p.m. gold fix—and after that the price didn’t do a lot.
The high and low ticks were recorded by the CME Group as $1,192.00 and $1,179.60 in the June contract.
Gold finished the Thursday session at $1,187.80 cents, down a whole 20 cents on the day. Gross volume was pretty wild at 209,000 contracts—and even the net volume was chunky at 156,000 contracts, but most of that was roll-overs out of the June contract and into future months—and mostly August, which is the new front month.
I was there in the 1990s with about a dozen financiers from Europe. The contingent from England, Norway, and Switzerland came over together from London, changing planes in Miami for Panama. When an impertinent customs clerk asked one of them where he was going, he innocently responded “Cuba.” All six men were hustled into a locked room, with all kinds of armed and uniformed types milling about, and were detained there for two hours while agents ran background checks on them. The government couldn’t have cared less if they missed their connection. Your tax dollars at work, winning friends and influencing people for America.
It used to be there were no restaurants, no shops, no cars, and few hotels in Cuba. People were malnourished, and even at a couple of official receptions the staples were olives and Spam, because that was what they were able to barter for.
After nearly 20 years on the job, Jim Jeffries, the police chief in LaFollette, Tenn., has seen his share of marijuana seizures — dry green buds stashed in trunks or beneath seats, often double-bagged to smother the distinctive scent. But these days, Chief Jeffries is on the lookout for something unexpected: lollipops and marshmallows. …
Recently his officers pulled over a Chevy Blazer driven by a couple with three children in tow. Inside, the officers discovered 24 pounds of marijuana-laced cookies and small hard candies shaped like gingerbread men, plus a tub of pungent marijuana butter perfect for making more. …
Across the country, law enforcement agencies long accustomed to seizures of bagged, smokable marijuana are now wrestling with a surge in marijuana-infused snacks and confections transported illegally across state lines for resale. – New York Times, May 16, 2015
Efforts to end prohibition of marijuana use by adults in the US continue to move forward at the state level. Legal sales are already underway in Colorado and Washington State with Oregon, Alaska and Washington DC not far behind. Some limited form of medical marijuana use is now allowed in 23 states and the District of Colombia.
At the federal level, however, cannabis remains a Schedule I controlled substance. Until federal law is changed, a future president could reverse the Obama administration’s relaxed enforcement policy.
Regarding Brian H. Potts’s “The Hole in the Rooftop Solar-Panel Craze” (op-ed, May 18): Mr. Potts is entirely correct that rooftop solar-energy production isn’t economically justified and wouldn’t exist as a viable option without considerable government subsidies. That is, for now.
The average home in North America will need solar panels with efficiencies over 20%, combined with the effective storage systems that Tesla and others are now providing, to safely go “off the grid.” In the very near future high-efficiency solar panels with efficiencies well over 20%, costing no more than today’s most common panels, will ring in a new era of energy independence.
No they won’t.
Here’s what the advocates fail to take into account — on purpose.
On Wednesday, Greek PM Alexis Tsipras posted a statement on his official government website that contained the following passage:
I am optimistic that we will soon have positive results. We all, however, need to turn a deaf ear to those spreading doom, the alarmists. There is absolutely no danger to salaries and pensions or to the banks and people’s savings. And I believe that very soon we will be able to look ahead with greater optimism. However, we need composure and determination in this final stretch.
We would eventually learn that Tsipras had in fact been prompted by aides to say something — anything — to avert a bank run because according to some reports, €300 million in deposits were withdrawn on Tuesday alone after Yanis Varoufakis suggested the country may consider a levy on ATM visits in order to encourage Greeks to rely on their credit cards.
Inflation is a very real thing. The Fed continues to downplay the impacts of inflation to support their ongoing easy monetary policy. What this has created is an inflated stock market and hot money chasing into other asset classes including real estate. This wouldn’t be such an issue if your typical working American family was benefitting. Instead, it is assisting larger financial institutions and big investors to pick up assets in all segments of the real economy and consequently crowds out regular buyers. Inflation is the end outcome of all this kind of action. More easy money chasing the same number of goods in the economy. The way inflation is measured is odd and it also understates the impact being pushed onto younger Americans. How is this the case? The CPI gives very little weight to educational costs yet for many attending college, this is by far their biggest expense. Let us look at inflation in various segments going back to 2000.
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