Calculated Risk
NOVEMBER 24, 2022
Here are five economic reasons to be thankful this Thanksgiving. (Hat Tip to Neil Irwin who started doing this years ago) 1) The Unemployment Rate is Near 50 Year Low The unemployment rate was at 3.7% in October. The unemployment rate is down from 14.7% in April 2020 (the highest since the Great Depression). The unemployment rate is down from 4.6% a year ago (October 2021).
Mish Talk
NOVEMBER 24, 2022
Welcome Change Major retailers like Kohl’s, Target, Macy’s, Walmart, J.C. Penney, Best Buy, even Costco will be closed on Thanksgiving day but open as early as 5 a.m. or 6 a.m. on Black Friday according to BlackFriday.Com. That’s a welcome change but it puts all the more emphasis on Black Friday. Retailers Attempt to Lure Price-Weary Shoppers With Deep Discounts.
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BlueMind
NOVEMBER 24, 2022
Category: Client Relations. The demands of high-net-worth clients are no small feat and can be challenging and daunting to deal with, to say the least. However, acquiring and retaining an HNW client is every financial advisor’s dream. They are a highly lucrative clientele that requires a unique and specialized approach to dealing with their wealth.
Integrity Financial Planning
NOVEMBER 24, 2022
Take a moment to consider the world around you. You may be experiencing unrelenting change in your life – the pandemic, economic turbulence, or our society’s increasing reliance on technology – and you may think things look or feel unfamiliar and hectic. But it’s important to remember that your voice and your unique experience as a participant in one of the most transformational generations in history are valuable.
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Steve Sanduski
NOVEMBER 24, 2022
I learned the hard way that you don’t “conquer” a mountain. In 2004, I set out to climb (conquer) Mount Rainier. My goal was to get that summit pic of me holding the ice axe over my head while congratulating myself and my teammates for this great achievement. Well, with my singular focus and a bit of luck, I made it to the summit, but I was so beat up and exhausted, that I thought they’d have to call a helicopter to get me back down to the trailhead.
Aleph
NOVEMBER 24, 2022
Picture Credit: Kent Schimke || Ah, the downward spiral of cryptocurrency assets! What I am writing was sparked by what is happening with FTX, which reminded me of promoted penny stocks. Now, before I go on to that, let me mention what the results were regarding the promoted penny stocks that I wrote articles about the last one of which was written a little less than seven years ago.
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The Big Picture
NOVEMBER 24, 2022
My morning train WFH reads: • 10 Things for Crypto People to Say at Thanksgiving This Year : It’s going to be an awkward conversation. Use these phrases to preserve your reputation. ( Bloomberg ). • 9 tips to debunk false claims made by friends and family : It’s important to debunk misinformation when we can — a task that often, unfortunately, starts at home ( Washington Post ) see also How to Love Your Parents Even If You Hate Their Politics : Does mom or dad suffer from early Fox News dementia
Mish Talk
NOVEMBER 24, 2022
Image courtesy of Bloomberg, annotations by Mish. EU Talks Stall Over Price Level for Proposed Russian Oil Cap Bloomberg reports EU Talks Stall Over Price Level for Proposed Russian Oil Cap The EU’s executive arm proposed a level of $65 a barrel, which Poland and the Baltic nations rejected as being too generous to Moscow, the people said. But several countries with major shipping industries, including Greece, don’t want to go below $70, the upper end of the range put forward by the EU earlier W
The Big Picture
NOVEMBER 24, 2022
How to Talk to a Fox News Viewer. Those on the Left need to stop ignoring the science of Influence & Persuasion. TBP , November 22, 2018. As noted in 2018 , I enjoyed playing with this concept so much that I created several versions of it. Below is my favorite “ no holds barred ” variation on a theme, just in time for Turkey day. Enjoy. . The midterms are over, Presidential elections are 2 years away, and Thanksgiving Day is here.
Abnormal Returns
NOVEMBER 24, 2022
Sports betting How the sports betting companies rolled through state legislatures. (nytimes.com) Sports betting companies have invaded college campuses across the country. (nytimes.com) The sports betting industry operates without a ton of restrictions. (nytimes.com) Media Was the AT&T ($T) purchase of Time Warner the worst deal in corporate history?
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