This is a critical update from one of the best financial commentators I know, a good friend of ours, Mr. Tom Beck, who runs PortfolioWealthGlobal.com and we’re excited to share this one with you!
This is earnings season, which means that corporations CANNOT engage in share buybacks. Boeing, McDonald’s, Caterpillar and other blue-chip names are reporting LOUSY numbers, but so are some of the top tech names, like Texas Instruments.
Yet, the markets aren’t crashing and sellers aren’t heading for the exits. The reason is that they’re ALL betting on more economic stimulus, much more of it, since the FED has been EXTRA accommodating. This looks to us like a policy that will continue for the remainder of the year.
Since June, you can already see what this has done to gold demand, as opposed to treasury demand:
You can clearly see that the Federal Reserve’s rate cuts have signaled to investors that gold is the place to go.
What’s happening in Washington is of even more concern. History is a good judge on impeachment’s correlation with market returns; there seems to be no cause for concern for a sell-off. Neither Nixon’s nor Clinton’s prospective booting out of the White House caused any turbulence, but this time, if Trump’s position is threatened, my analysis is investors won’t favor the uncertainty that follows.
What the Democrats are hoping to prove is NOT that Trump held back aid to the country of Ukraine until they looked into Hunter Biden’s case, but that he lied about it. Impeachment can succeed when the charge is perjury.
This is not going away quickly and I’ll be updating on it. What I do know is that the Trump Team is so well-funded that his rallies continue to attract record crowds and significant donors, so he’s strong in the running.
DOUBLING YOUR ACTIVE INCOME: BLOWOUT YEAR – PART 5!
Regardless of politics, market turmoil and inflation rates, you can make a FORTUNE, if you’re willing to embark on the most difficult of all processes – that of personal development.
- Self-Control: The purpose of will power is to FORCE yourself to do what you NEED to do, not what you want to do.
Your goal is to lose 20lbs, for example, so you must eat slower, chew more and avoid sweets. Only will power can direct your ego to think about the results and how good it would feel to achieve that.
Only self-control can direct emotions, so that you feel optimistic, not depressed, excited instead of drained.
Only will power and self-control can help you budget time, so that it is used to achieve your chief aim in life, not to gossip or sit idly, accomplishing nothing.
- Thinking Methodically: Respect yourself and the power of thinking at a high level. Don’t slack or get lazy, mentally. The world is a giant library, ready to assist you by providing you with the exact knowledge you need, but there’s an ocean of irrelevant and false information out there as well.
You must navigate this sea of bullshit and find the true data, which is essential.
Ignite your turbo engine. Make this a blowout year for yourself!
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