When Laura Sexton retired as a senior chief hospital corpsman in the US Navy, she applied her Navy skills to her new job: Lead ski-run groomer and snowcat operator at Deer Valley Ski Resort in Park City. According to Sexton,” writes Nancy L. Anderson in Forbes “the Navy uses a three-step approach to learning anything that could serve us all well: See it, Do it, Teach someone else. First, you physically observe how to complete a task as it is explained (see). Second, you perform the task (do). Then, show someone else how to do it (teach).” The article continues: Many people want to (or need … [Read more...]
Can Musk Pull off a Miracle?
Tesla CEO Elon Musk has made a lot of promises. With the first quarter ending and an earnings report now due, this is when the rubber meets the road. Can Musk deliver on the plans he's sold his faithful shareholders? Or will the report simply detail his failure to get the job done? Dana Hull reports at Bloomberg: Tesla’s Fremont, California, delivery hub was packed with people Saturday evening as the last hours of the quarter drew to a close. Red couches and tall white tables were set up outside, a DJ played music and a truck selling Vietnamese food was on hand. Behind the scenes, a company … [Read more...]
China Hits American Farmers with Tariffs
In response to the Trump administration's tariffs on steel and aluminum imports, China has initiated tariffs against American against American food products. China placed tariffs of up to 25% on 128 kinds of products from the U.S. The FT's Tom Hancock reports: The highest additional tariffs of 25 per cent will be imposed on top of existing duties on imports of US scrap aluminium and various kinds of frozen pork, the statement said. An additional 15 per cent tariff will apply to dozens of US foods including fresh and dried fruits such as cherries, nuts such as almonds and pistachios, and wine … [Read more...]
Should Mark Zuckerberg Lead One of America’s Largest Companies?
In the spirit of kicking somebody while he is down, check out the Facebook chart below. Facebook has been on the hot seat for a number of reasons, as you are likely aware. Chief among those reasons, but unsaid explicitly by the media, is that Facebook is responsible for the Donald Trump presidency. Take away the emotion of the issue and it is obviously far-fetched. But the recent Cambridge Analytica issue has provided more oxygen for the fire. Facebook’s response to the scrutiny has been embarrassing. Watch some of Zuckerberg’s CNN interview and ask yourself if this is a guy who should be … [Read more...]
Trees don’t Grow to the Sky
Originally posted on Yoursurvivalguy.com. … [Read more...]
Just How Low Can Jobless Claims Fall?
Once again, the number weekly jobless claims has hit a low not seen since the 1970s. Initial jobless claims (seasonally adjusted) fell to 215,000 last week. That's the fewest claims for a week since January of 1973. Just how low can the number of initial claims go? … [Read more...]
Why I’m Buying Vanguard GNMA
You always need to study your downside protection and do what’s difficult to do. Recently, I added half of my 2017 SEP-IRA contribution to Vanguard GNMA—a sizable addition to my overall GNMA position. I didn’t do it because I feel like I can predict where interest rates are headed. Who can? It’s all fine and good when the talking heads spout off about three or four rate increases this year and more to come next year, but in reality their advice doesn’t cost them a penny. If they’re wrong and the market crashes, like it did twice already this century, will they be there for you, or me for … [Read more...]
OPEC Wants More
Despite oil prices sitting at post-2014 highs around $70/barrel, OPEC is aiming to keep production curbs in place. Reuters reports that while no immediate action is being contemplated by the cartel to increase production, the conversation has begun on the sidelines about a possible boost. Alex Lawler and Rania El Gamal write: OPEC, Russia and several other non-OPEC producers have curbed output since January 2017 to erase a global glut of crude that had built up since 2014. They have extended the pact until the end of 2018, and meet on June 22 to review policy. The deal has boosted oil … [Read more...]
Will Democrats Buy-in to Tax Cut 2.0?
The Washington D.C. rumor mill is predicting an effort by the GOP to pass what has come to be known as Tax Cut 2.0. Republicans want to make permanent the individual tax cuts enshrined in last year's tax reform, and to make additional tax cuts. To get the cuts passed though, the GOP will need buy-in from at least 9 Democrats. Bloomberg reports: Democrats have assailed the new law as a giveaway to corporations and the wealthy, and they’ve called for drastic changes. “I’m ready to have a discussion with them. They want to fix some problems in the tax law? I want to fix some problems in … [Read more...]
RAGE Gauge: March Full of Risk
Perhaps the second best gun salesman behind Obama is former Supreme Court Justice John Paul Stevens. While Mr. Stevens is calling for the repeal of the Second Amendment, real Americans are trying to figure out how to protect their family and their constitutional rights. Don’t delay in making sure your family and your portfolio are secure. My March Rage Gauge indicator continues to signal that risk is a four letter word that many are failing to pay attention to. Originally posted on Yoursurvivalguy.com. … [Read more...]
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