The oft-quoted law of unintended consequences is an intriguing concept. Let’s say you join a gym to lose weight — and you meet the love of your life there. That’s an unintended consequence. #-ad_banner-#It works the other way, too. Let’s say you join a gym to lose weight — and you slip in the shower and break a leg. Both outcomes were unintended consequences. In pursuing your goal to get in shape, you didn’t necessarily go to the gym to meet a potential spouse, and you certainly didn’t join to end up in a cast. Most of the time, though,… Read More

The oft-quoted law of unintended consequences is an intriguing concept. Let’s say you join a gym to lose weight — and you meet the love of your life there. That’s an unintended consequence. #-ad_banner-#It works the other way, too. Let’s say you join a gym to lose weight — and you slip in the shower and break a leg. Both outcomes were unintended consequences. In pursuing your goal to get in shape, you didn’t necessarily go to the gym to meet a potential spouse, and you certainly didn’t join to end up in a cast. Most of the time, though, we refer to the law of unintended consequences in terms of macro-economic policies and events. Because of the complexities of any large social system, a policy — be it of a monetary nature or a fiscal one — can sometimes lead to an unintended result. In a 1936 article, sociologist Robert K. Merton identified five reasons a well-intended policy could go wrong — with ignorance and error being the most common ones. In line with his original approach, the law of unintended consequences has come to symbolize almost anything that goes wrong with any policy. There are too many examples… Read More

Yes, it’s a race to the bottom. I’m not talking about the market. I’m referring to interest rates. After a couple of wild weeks, stocks — as measured by the S&P 500 – are trading by only about 3% below their recent highs and are up 16.7% for the year. Interest rates, meanwhile, have continued to rush lower. #-ad_banner-#Just a week after the U.S. Federal Reserve executed its first interest rate cut since the Great Recession, three Asia-Pacific central banks surprised the market with an aggressive rate-cut move of their own. On Wednesday, August 7, Thailand, New Zealand and India… Read More

Yes, it’s a race to the bottom. I’m not talking about the market. I’m referring to interest rates. After a couple of wild weeks, stocks — as measured by the S&P 500 – are trading by only about 3% below their recent highs and are up 16.7% for the year. Interest rates, meanwhile, have continued to rush lower. #-ad_banner-#Just a week after the U.S. Federal Reserve executed its first interest rate cut since the Great Recession, three Asia-Pacific central banks surprised the market with an aggressive rate-cut move of their own. On Wednesday, August 7, Thailand, New Zealand and India all acted to lower their countries’ respective rates. On the very next day, the Philippines joined them. The developing countries now join the developed world in the rate-cutting process. Central banks in developed countries have already largely lowered rates to record levels, resulting in negative-rate policies in Europe. The ECB first ventured into the negative-rate territory five years ago, and the deposit rate now sits at a negative 0.4%.  Just a year ago, the 10-year U.S. Treasury yield was approaching 3% (2.92% on August 8, 2018) and investors were talking about selling bonds due to the inevitability of rates rising… Read More

Today, I want to start by looking at some basic facts:  1. The Federal Reserve cut interest rates.  2. The Fed’s mandate is to “promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.”  Given those two simple facts, logic tells us that the Fed must have cut rates because unemployment is rising, prices are rising too rapidly, or long-term rates are deterring investment and capital purchases.  But that’s not why the Fed cut…  —Recommended Link— Professional Investor Reveals Shocking New Pot Opportunity If you’ve ever thought about investing in… Read More

Today, I want to start by looking at some basic facts:  1. The Federal Reserve cut interest rates.  2. The Fed’s mandate is to “promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.”  Given those two simple facts, logic tells us that the Fed must have cut rates because unemployment is rising, prices are rising too rapidly, or long-term rates are deterring investment and capital purchases.  But that’s not why the Fed cut…  —Recommended Link— Professional Investor Reveals Shocking New Pot Opportunity If you’ve ever thought about investing in a penny pot stock. don’t! I’ve discovered a unique marijuana profit-sharing plan backed by a U.S. Federal Law. And it’s paying a small group of regular people up to $55,563 a year. The next check run is just days away. ​​I’ll show you how to sign up here. According to Chairman Jerome Powell, the Fed cut to insure against downside risks from weak global growth; offset risks of trade policy uncertainty; and to promote a faster return of inflation to a symmetric 2% objective.  Weak global growth and policy uncertainty are related. That refers to the… Read More

It’s a small sampling, but backyard barbecues can give you a pretty good idea of the sentiment surrounding the stock market and economy. At these sorts of functions, I’m frequently asked what stock people should buy, or what I think of the latest hot IPO, or cryptocurrencies. However, the attitudes (and questions) these days have been centered around the economy and more specifically if we are entering a recession, or when the next recession will hit. I, of course, have no idea when the next recession will start. But the sense is that folks are nervously waiting for the balloon… Read More

It’s a small sampling, but backyard barbecues can give you a pretty good idea of the sentiment surrounding the stock market and economy. At these sorts of functions, I’m frequently asked what stock people should buy, or what I think of the latest hot IPO, or cryptocurrencies. However, the attitudes (and questions) these days have been centered around the economy and more specifically if we are entering a recession, or when the next recession will hit. I, of course, have no idea when the next recession will start. But the sense is that folks are nervously waiting for the balloon to pop and the hot air to quickly evaporate from this decade-long bull market. Despite the recent volatility, the S&P 500 still near all-time highs, the economy is chugging along at a good clip (3.1% GDP growth in the first quarter) and unemployment is at historic lows. We did see homes sales decline 1.7% in June, marking the 16th straight year-on-year decline in homes sales, which only further exacerbates people’s uneasiness about the economy. We also had one of the most notorious (and reliable) indicators alert us that we could see a recession in the next year… Why The Yield… Read More

We just passed a major milestone. No, I’m not talking about the 50th anniversary of the Apollo 11 moon landing (although that is certainly worthy of recognition). But while we’re on the subject, it would be remiss of me to not cite a couple of examples of what the market has done for investors since that historic date in July 1969. #-ad_banner-#If you bought a few shares of Walt Disney Co (NYSE: DIS) back then, they would have since multiplied in value 400 times over. Better still, a stake in McDonald’s (NYSE: MCD) would have delivered an astronomical return of… Read More

We just passed a major milestone. No, I’m not talking about the 50th anniversary of the Apollo 11 moon landing (although that is certainly worthy of recognition). But while we’re on the subject, it would be remiss of me to not cite a couple of examples of what the market has done for investors since that historic date in July 1969. #-ad_banner-#If you bought a few shares of Walt Disney Co (NYSE: DIS) back then, they would have since multiplied in value 400 times over. Better still, a stake in McDonald’s (NYSE: MCD) would have delivered an astronomical return of 82,000%, including dividends. That’s what happens when you become a part-owner in iconic American businesses, reinvest your dividends dutifully, and harness the long-term power of compound interest – which brings us to the real milestone I was talking about. $150,000. That’s the cumulative distributions of dividends and interest we’ve collected in our Daily Paycheck portfolio since it was created in January 2010. The latest running tally through last month is 3,389 “paychecks” worth a total of $155,219. And while August looks to be somewhat of a slow month for dividends, we’re still scheduled to receive $1,313. That money… Read More

I’d like to start off today’s issue by asking you a simple question… If you discovered the key to making a fortune trading stocks, would you share it with the world? —Recommended Link— SECRET: Add $8,760 Extra to Any Retirement Account Finally revealed! This “long lost” secret turns a quick 3-minute phone call into the opportunity to collect $8,760 checks. Every payment is backed by the full authority of the U.S. Government… and over $1.75 billion will be delivered to income-seeking Americans. But your action is required TODAY while the enrollment window is open. Read More

I’d like to start off today’s issue by asking you a simple question… If you discovered the key to making a fortune trading stocks, would you share it with the world? —Recommended Link— SECRET: Add $8,760 Extra to Any Retirement Account Finally revealed! This “long lost” secret turns a quick 3-minute phone call into the opportunity to collect $8,760 checks. Every payment is backed by the full authority of the U.S. Government… and over $1.75 billion will be delivered to income-seeking Americans. But your action is required TODAY while the enrollment window is open. You must click here right now to get started. If history is any guide, you’d be a fool if you did. That’s because studies have shown the more well-known a market-beating strategy becomes, the less it becomes a market-beating strategy. Makes sense, doesn’t it? Why So-Called Market “Edges” Soon Disappear Back in 1981, an academic named Rolf Banz published a paper on something called the “small-firm effect.” It showed that buying small-cap stocks generated “abnormal returns,” even when adjusted for risk. At around the same time, researchers uncovered the “value effect,” which showed that buying stocks… Read More

“What will you do the first time your toddler gets swallowed by a tumbleweed?”  I actually ask people that question a couple times a year. It comes up in conversation when tourists cross my path here in Wyoming. That question is also my favorite example of unintended consequences.  —Recommended Link— SECRET: Add $8,760 Extra to Any Retirement Account​ Finally revealed! This “long lost” secret turns a quick 3-minute phone call into the opportunity to collect $8,760 checks. Every payment is backed by the full authority of the U.S. Government… and over $1.75 billion will be… Read More

“What will you do the first time your toddler gets swallowed by a tumbleweed?”  I actually ask people that question a couple times a year. It comes up in conversation when tourists cross my path here in Wyoming. That question is also my favorite example of unintended consequences.  —Recommended Link— SECRET: Add $8,760 Extra to Any Retirement Account​ Finally revealed! This “long lost” secret turns a quick 3-minute phone call into the opportunity to collect $8,760 checks. Every payment is backed by the full authority of the U.S. Government… and over $1.75 billion will be delivered to income-seeking Americans. But your action is required TODAY while the enrollment window is open. You must click here right now to get started. First of all, tumbleweed is big but it’s light. So, kids don’t get hurt when the wind blows tumbleweed into them, or when the wind blows the littlest kids into the tumbleweed. They just untangle themselves and keep playing.  But tumbleweed is an unintended consequence of living in the country. It’s a weed, so it cannot be stopped. It’s an excellent example of the annoyances that disrupt life in the country.  I… Read More

I have three young boys running around in the yard right now. They seem to be playing “Calvinball.” That’s a game from the old “Calvin & Hobbes” comic strip.  Now, if you’ve never played Calvinball, the rules are confusing. It’s a game that you never play the same way twice. Anyone can add a rule, and any player can change the rules at any time, even if no one else agrees with the change.  Calvinball is what I call it when the boys are just running around and getting along. It’s simply a few moments of peaceful chaos.  Now that… Read More

I have three young boys running around in the yard right now. They seem to be playing “Calvinball.” That’s a game from the old “Calvin & Hobbes” comic strip.  Now, if you’ve never played Calvinball, the rules are confusing. It’s a game that you never play the same way twice. Anyone can add a rule, and any player can change the rules at any time, even if no one else agrees with the change.  Calvinball is what I call it when the boys are just running around and getting along. It’s simply a few moments of peaceful chaos.  Now that you know I’m a fan of Calvinball, you might understand why I’m so excited about the chart below. It’s a chaotic picture, but it offers investors important information.  —Recommended Link— BOMBSHELL: America’s Favorite New “Paychecks” You need to see this to believe it. CLICK HERE to see how a 3-minute phone call could hand you the opportunity to collect checks worth up to $225,326. And best of all, this program is backed by the full force and authority of the United States government… Click here to see all the details. Let… Read More

The S&P 500 Index and Dow Jones Industrial Average are at all-time highs. The same is true for the NASDAQ 100 Index and many other market averages. But some important averages remain well below their all-time highs.  Small-cap and mid-cap stocks are well below their all-time highs. For example, if we take a look at the S&P 600 – a small-cap benchmark index – we see it ended last week more than 13% below its August 2018 high.  —Recommended Link— Secret “Paycheck Program” Just Discovered…  It’s delivering up to 30 checks each year… Checks for… Read More

The S&P 500 Index and Dow Jones Industrial Average are at all-time highs. The same is true for the NASDAQ 100 Index and many other market averages. But some important averages remain well below their all-time highs.  Small-cap and mid-cap stocks are well below their all-time highs. For example, if we take a look at the S&P 600 – a small-cap benchmark index – we see it ended last week more than 13% below its August 2018 high.  —Recommended Link— Secret “Paycheck Program” Just Discovered…  It’s delivering up to 30 checks each year… Checks for $29,799… $62,046… and even up to $225,326 are being raked in using this program. If you’re looking for reliable cash, you need to act right now. This is instantly valuable, so don’t miss out.  Click here for the “Paycheck Program” details. The mid-cap S&P 400 (below) is almost 5% below its August high.  These indexes demonstrate that the strength in this year’s stock market rally has been driven by large-cap stocks. That can easily be explained by the “TINA” thesis; in fact, pension fund managers and other institutional investors have been citing TINA as… Read More

It seems worse than it really is… If you read any of the mainstream financial media, you might think that we are on the precipice of another Great Recession. That we are in a correction and headed for a bear market. There’s constant chatter about a slowing global economy and the ongoing trade war with China, and then there’s Brexit — the withdrawal of the United Kingdom from the European Union. Or not. But let’s step back and look at the bigger picture… —Recommended Link— 3 Minutes to Collect 12 Times More Money Than Social Security… Read More

It seems worse than it really is… If you read any of the mainstream financial media, you might think that we are on the precipice of another Great Recession. That we are in a correction and headed for a bear market. There’s constant chatter about a slowing global economy and the ongoing trade war with China, and then there’s Brexit — the withdrawal of the United Kingdom from the European Union. Or not. But let’s step back and look at the bigger picture… —Recommended Link— 3 Minutes to Collect 12 Times More Money Than Social Security Just make this simple little 3-minute call and you can get set up to start collecting your checks. All told, your checks can add up to $225,326 over the next 25 years. Imagine that! And these checks are supported by $1.75 billion in new money every year. But you must act right now… because the next wave of checks will be sent out in just a few days. ​Click here for the details. The S&P 500 is only about 5% off its all-time highs set in May. It would need to drop to 2,651 to… Read More