I tend to be slower when it comes to learning, so let me talk this out with you:
Definition of a recession: “two consecutive quarters of decline in a country’s Gross Domestic Product (GDP) constitute a recession.” (this is a hard definition to find that hasn’t been updated in the last 2 weeks)
Fact: U.S. GDP Fell at 0.9% Annual Rate in Second Quarter;
The White House: “it is unlikely that the decline in GDP in the first quarter of this year—even if followed by another GDP decline in the second quarter—indicates a recession.”
I’m confused…
I’m not saying I want to be in a recession, but if the definition has been the same for a hundred years, can’t we all handle the bad news?
America was built on hard work and tenacity…I think we can handle bad news about the economy we live in and rally together.
I think your clients and prospects living this:
- at the pump
- buying a car
- buying a house
- picking up groceries
- looking at their nest egg accounts with the “tried and true” 60/40 blend
They need your help today more than ever!
Here are your Quick Hits:
Stocks for the long run
- If you have a “long run” stocks make sense and this proves the point. One thing the article doesn’t mention is if you don’t have a long time what you should do…
60/40 Portfolio Set for a Quarter Worse Than 2008
- “It’s the latest sign that the hedging power of bonds continues to vanish in the inflation era, sparking wealth destruction across American pension funds.”
- “this year, inflation has become a risk too big to hedge, hitting both bonds and equities together. The cross-asset selloff intensified in the past week thanks to the biggest Fed interest-rate increase since 1994 with another jumbo hike in the offing.”
- “The supposedly all-weather 60/40 portfolio is not ready for stagflation,” said Nancy Davis, founder of Quadratic Capital Management.
The Science Behind Who Airlines Bump From Overbooked Flights—and How to Exploit It
- “In one episode, Delta reportedly paid $180,000 in vouchers and hotel stays to get people off a flight to Iceland; in another, Delta reportedly paid $10,000 a passenger.”
- “Airlines won’t advertise it, but they have secret menus of perks and you can ask for meal vouchers, hotel vouchers, lounge access, better routes on replacement flights and so on.”
The $100 Trillion Global Economy in One Chart
