Your Survival Guy wants to share a personal story with you. It’s from a client who’s finally calling it quits. Dr. Lee Payne and I have been working together for close to 20-years but when you consider his affiliation with Richard C. Young’s Intelligence Report, we’re talking more like 40-years, and many more to come. Dr. Payne remembers reading Dick’s investment letters, believing in Dick’s philosophy and putting it to work. Dick’s letter was a monthly reminder that helped Lee beat inertia. Lee invested in himself (my favorite investment) and his business, and what was left over he invested … [Read more...]
SHORTAGE: Strikes Push Stressed Economy Toward Breaking Point
The inflation being caused by expectations for Joe Biden's absurd spending plans and the Federal Reserve's irregular liquidity operations has put big companies in a bind. Their customers don't want to pay more for their products, their suppliers want more for supplies, and employees want more money to pay for the rising prices they see in their home budgets. It's a balancing act that not every company is managing with ease. In the face of inflation, Mondelez International, one of America's largest snack companies, developed a plan to cut costs that would reduce the overtime pay many of its … [Read more...]
GET OUT: The Escape from California is Accelerating
Last year, Americans in blue states and cities across the country fled the violence and disease in their cities, buying homes in places like Florida, Texas, New Hampshire, and Wyoming. The truth is, many of them had been looking for the chance to get out for years, but until remote work gave them the opportunity, they were stuck paying high taxes and suffering the high costs of living. With COVID and looting subsiding it was possible the trend would reverse, but in fact in 2021 in California, it's accelerating. A new study from Stanford reports that more businesses have already left … [Read more...]
BIDENOMICS: Inflation, COVID Failure, Drive Plunge in Consumer Confidence
Americans are not happy with Joe Biden's economy. Soaring prices and concerns about Biden's strategy for fighting COVID have undermined Americans' confidence in the economy. The Conference Board reported that consumer confidence fell from 125.1 in July to 113.8 in August, the lowest level since February. The report stated: The Conference Board Consumer Confidence Index® declined in August, following a decrease in July (a downward revision). The Index now stands at 113.8 (1985=100), down from 125.1 in July. The Present Situation Index—based on consumers' assessment of current business and … [Read more...]
THE NEXT BIG SHORT: Paulson Predicts Crypto Will Go to Zero
You may remember hedge fund manager John Paulson from the movie The Big Short. He was the one that couldn’t believe what was happening in the real estate market and believed the system would implode. He was right. Now he’s dead against cryptocurrencies, much like Your Survival Guy. In a recent interview with Bloomberg's David Rubenstein, Paulson described cryptocurrencies as "a limited supply of nothing." He also predicted the speculative asset would go to zero. The NY Post reports: Hedge fund manager John Paulson made $20 billion predicting the downfall of the US housing market in 2008. … [Read more...]
Is the Market Bracing for a Correction?
In The Wall Street Journal, Karen Langley reports on some shifting in the market that is taking place, with shares of defensive stocks taking a leading role. Moves like this have sometimes signaled preparation in the market for a correction. She writes: Some of the hottest stocks in the U.S. are pointing to an economic cool-down. Utilities and healthcare are among the best-performing groups in the S&P 500 so far this quarter, with gains of 7.8% and 6.6%, respectively, compared with a 4.9% rise in the broad stock index. Big winners include utility NextEra Energy Inc., NEE +0.25% which … [Read more...]
September Rage Gauge Update: High RISK ALERT
If you’re paying attention to what’s going on in Afghanistan and here at home with COVID you have reasons for concern. Let me remind you, my Rage Gauge right now is at full tilt, high RISK. Clearly those in power seek a different future than what you and I may have in mind for our families and loved ones. A future where they decide how you live your life. A great RESET is in the works. Pay attention. Now, is when you prepare accordingly not when more danger arrives at your doorstep. Your Survival Guy talks with investors like you every single day. Don’t let inertia ruin your future when you … [Read more...]
Can We Still Afford the Riverboat Cruise?
Are you falling for the oldest trick in the book? Here’s how it reads. Managers today draw you in with low-cost index funds and past performance—not necessarily in that order. Then, once you’re in the door, they sell you on other stuff, like toxic variable annuities, until you’re blue in the face. It’s hard not to fall for the sales pitch. I get it. Here’s what happens. It’s Sunday morning. You don’t have a care in the world. Frank Sinatra is playing in the background. Life is good. Then you peel open the quarterly funds report in the Journal and look at the performance like a box score … [Read more...]
IT’S A GAMBLE: First Bitcoin ETF Will Be Loaded with Risk
Fund companies are racing hard to be the first to offer a bitcoin ETF. The Wall Street Journal's Michael Wursthorn reports on the risks of such funds, writing: Despite the additional safeguards, investors in such funds would have to deal with issues associated with trading futures, as well as the risks around cryptocurrencies. Todd Rosenbluth, head of ETF and mutual-fund research at CFRA, warned that futures-based ETFs rarely replicate the performance of the underlying market they track. The reason is pricing fluctuations between futures contracts and the spot market, especially if demand … [Read more...]
Your Survival Guy: The Rolling Stones Drummer Charlie Watts
The drumming world lost a legend with the passing of The Rolling Stones drummer Charlie Watts. In 1989, when Your Survival Guy was a senior in high school, my friend Dave and I went to see The Stones live at Sullivan Stadium. It was the Steel Wheels tour and to say it was a production is an understatement. I remember walking along the train tracks at Sullivan and seeing the army of 18-wheelers parked behind the massive stage that, as I learned yesterday, was designed by Watts along with all of the band’s album sleeves. He was quite the force. And what a force he created in that stage. … [Read more...]
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