As the old song says “What goes up, must come down. Spinnin’ wheel got to go ‘round. Talkin’ bout your troubles it’s a cryin’ sin. Ride a painted pony let the spinnin’ wheel spin…” by Blood, Sweat, & Tears. I know I am starting to give away my age. If you have been watching the current market volatility of the Dow, you have been on quite the ride. Down 1100 points one day, then up the next day by 300 points. Up again by 400 points the following day, and once again up by 200 points the very next day after that. A week later you watched it go down 500 points for the week, then up the following week by 1200 points. All of that and then flat in the fourth week of the month. Then, the first week of the next month, the Dow drops over 1,000 in a day and down another 300 points the next day — and then the recovery happens again. [Read more…] about May Newsletter on Market Volatility: "Lock Your Doors, to Keep Honest People Honest"
For the last two months tariffs have been at the top of the financial news. While most of the attention has been on China and the U.S., Russia has also been in the sights and tweets of President Trump. The President wants to lower the trade deficit that widened over 12% last year to $566 Billion. This is the largest gap since 2008. China is not only the biggest country we trade with, but with whom we have the largest trade deficit with, hitting a record high of $375 Billion in February. [Read more…] about April Newsletter – The New Kid on the Block That Went Back to the Future
From 2010-2016 I have focused on a specific topic that relates to the crisis of 2007. To bring awareness to the consumer of how our own government has passed laws, created unconstitutional legal entities, and given them massive power over U.S citizen’s hard earned money. I have given seminars, spoken a multitude on national radio, wrote several newsletters, and a white paper that has 7 editions, titled “The Coming Bail In”. All are centered around the topic of how the government has clearly set up legal jurisdiction to seize bank accounts, IRA’s, and 401k’s, to name just a few financial accounts. This is not a conspiracy or a fairy tale in some far-off land. This is in our own soil. Our country is following in the footsteps of 9 other countries who have done a Bail In already since 2009. Seizing their citizens bank accounts and retirements/pensions. [Read more…] about March Newsletter: If You Think the “Bail In” Is Dead, Then You Might Want To Do Some Rethinking
Bond yields for U.S Treasuries have been rising at one of the fastest paced rates in U.S. history. This has caused concern on Wall Street and has become a major focus. Bond King, Jeffrey Gundlach, has said that the yield will rise and as the 10-year Treasury yield approaches 3%, it will cause market turmoil. He has encouraged investors early last year to also invest in Gold. Recently with the U.S. stock market correction, many investors have lost tens of thousands of dollars. A total of over $3 Trillion was lost in market volatility. Many analysts are telling investors not to sell because the economy is on firm footing and this is a normal correction. The U.S. stock market only had a taste of the potential downturn caused from higher bond yields which was due to the Fed unwinding their balance sheet at the start of this year. The biggest test yet to come according to Morgan Stanley, uses the analogy of a meal in that this is an, “Appetizer, not the main course,” which is how the bank strategists recently described the sell-off. Goldman Sachs economist Daan Struyven reported that if there was a surge of the 10-year Treasury yield to 4.5% by year-end, it would cause another 20% to 25% decline in equity prices. Brian Levine, co-head of global equity trading at Goldman Sachs, recently sent out an email to the investment banks larger clients which stated a stunning prediction, “The Buy the Dip Regime is now over. The ‘buy the dip’ mentality needs to be thoroughly punished before we find the bottom.” [Read more…] about Feb Newsletter: The Fed is Selling, The Government is Spending, & The Treasury is Creating, but are These Three Bubbles Bursting?
As most of the world knows, we had a government shutdown recently that was focused around a non-budget item DACCA. After the government was shut down for 3 days, Congress passed a short term Continuing Resolution (CR) Bill that keeps the government open until February 9th. Since President Trump has been in office there have been four times now that they have not agreed upon raising the Debt Ceiling. [Read more…] about January Newsletter – Is This the Year of the Sell Off?