Home

The Economy: The economy appears to be expanding quite nicely and business optimism continues to rise as it approaches new records. The Left Coast, with its gateway to Asian trade, technology and Pentagon spending continues to boom along. Construction cranes fill the skies. New homes are stuffed into every nook and cranny. Roadwork and infrastructure projects are everywhere. New cars abound. Recently launched multi-million dollar yachts overwhelm the docks. Planes are jammed. Restaurants are packed. Exotic vacations are booked years ahead. The stock market confirms this rock ‘n roll fantasy narrative with many indices at or near their highs. Understand that only 3 tech stocks account for 70% of index gains this year. So the question is, “Can you be a cockeyed optimist and a contrarian at the same time?” The answer is yes. Now we’re entering earnings season with projections for year-over-year increases of 20%, Is this the beginning, the end of the beginning or the beginning of the end. Only Elon Musk knows for sure. China, Russia, North Korea, Syria, Turkey, UN, NATO, Trade Wars, Immigration Wars, SCOTUS Wars, Mid-Term Election Wars, Culture Wars, Religious Wars … and rising interest rates. Not to worry.

Food for Thought: Youth is wasted on the young and the wisdom of the ages is simply wasted. We will continue to emphasize the importance of interest rates and what the yield curve is telling us. While there will always be a bull market somewhere, most investors have a significant portion of their financial assets in fixed income. The old saw, “Stocks, bonds and cash.” The beginning point for most portfolio allocations is about 40% in fixed income; e.g. the bond market. So when I emphasize having an exit strategy, I’m particularly talking about having an exit strategy for fixed income.  Contact me if you have questions on how to risk proof your portfolio.

The Economy: The economy continues to expand, the deficit continues to grow and the Fed continues to tighten. Sooner or later the tightening will bite … if Fed Chairman Powell can hold the line and not initiate QE-4 at the slightest hint of economic distress. What … worry? Every investor knows the Bull is long in the tooth. The question on everyone’s mind is, “When do I sell and what do I do next?” The bi-polar investment community continues to parse goat entrails, tarot cards, cloud formations and sentiment at the bottom of wine bottles in the age old quest to divine the future of the economy and financial markets. Glass half-full or half empty … when’s the next leg up or when does it implode? Do you care … or is catching that flight to Kauai more important than risk-proofing your assets? The 3 rules of Money are simple to understand: a) 1+1 will always = 2; b) If it sounds too good to be it is; c) Save it or spend it. The time of buy and hold may be nearing an end after almost 10-years. Passive investing as well. Every market crash has produced an altered investment landscape. ETFs may be the wild-card here. Do you have your next move or are you gonna ride this rocket back down and into the ground? If you’re doing it right, you should be sleeping soundly because you have a high probability of achieving your goals. Can you handle the truth?

Food for Thought: How to transfer investment or retirement accounts: Recently we’ve fielded questions from investors who want to transfer their investment or retirement accounts to a new advisor. Retirees in a 401k, people changing jobs and investors who just want a change have the same question, “How do I move my account?” The answer is a simple and easy 3-step process:

Step 1: Open an account with your new advisor; 30-minutes.
Step 2: Email your most recent account statement to your new advisor; 30-seconds.
Step 3: Have your new advisor initiate the transfer process; 0.

The transfer process is seamless, automated and does not require you to have contact with the advisor you are leaving. Most accounts transfer through an automated process called the Automated Customer Account Transfer Service (ACATS). In most cases, the transfer is complete in three to six days. No muss no fuss; no tearful exit interviews; no broken hearts. No more cousin Billy, your advisor for decades, knowing too much about your personal affairs. Move on to the land of milk and honey. Just Do It!

The Economy: The U.S. economy appears to be powering ahead with unemployment at a 48-year low. There are more jobs available than there are job seekers to fill them. Average hours worked are up; construction spending is up; manufacturing is up; factory orders are up … the list goes on. Economic strength continues to give the Fed leeway to raise rates. Another 25 basis point (1/4%) hike in June is a given. The longer Powell is at the helm of the Fed, the more observers believe that he’s cut from different cloth than we saw with Greenspan, Bernanke or Yellen. Some observers liken Powell to former Fed Chair Paul Volcker. It was Volcker who trounced inflation in the early 1980’s with interest rates in excess of 20%. The economic pain of Volcker’s reign was enormous. But it ended an inflationary cycle that threatened to spiral out of control. It also laid the groundwork for the robust expansion of the 1980s and 90s. The stock market took off with Volcker and has never looked back. The rocket ride accelerated with Greenspan. … almost 40-years of stocks and real estate going up with only the occasional pause. No wonder my doctor friend blithely talks DOW 100,000 as if it’s already here. The trick for Powell will be to keep the good times rolling while simultaneously taking away the moonshine punchbowl of free money.

Food for Thought: The “China Card” is huge; whether you’re talking politics, military or socio-economic. Check out today’s “Video of The Week” below for a compelling take on why culture may limit China’s rise. Then look at how San Diego,riding the crest of a building boom, has about $3.5 billion in downtown projects underway. Papa Doug Manchester’s Pacific Gateway project represents $1.5 billion or 43% of this amount. The Gateway project is the redevelopment of the 12 acres near the Broadway Pier. That aside, housing units are driving much of the building boom as the urban lifestyle is attracting both working folks and retirees. Prices reflect the demand with higher prices the norm. Downtown is happening. While the Gaslamp draws tourists, San Diegans are flocking to Little Italy for its charm, restaurants and the weekly Saturday farmers market.

The Economy: Economic numbers come in two broad categories: 1) Hard data such as trade balances or housing starts and 2) Soft data such as sentiment or confidence surveys. Hard data is based on numbers. Soft data is based on how the respondent is feeling at that moment in time. You can dispute the numbers but the argument will remain grounded in statistics. Surveys based on feelings are completely subjective and should be taken with a dose of skepticism. Numbers this week neatly fell into these two categories. Hard data was mixed with initial jobless claims up, existing home sales and durable goods down. Soft data and surveys were positive with optimism and odds of a December rate hike falling below 50%. Geopolitical concerns have continued to weigh on markets as NOKO, Iran and trade wars remain unresolved. Stocks swooned over the Italians … But it’s officially summertime so don’t worry be happy. Grab the beach toys and head for the water.

Food for Thought: In keeping with the never-ending 73-year old Italian Opera Buffa, check out the Video of the Week link below. Few know that Christopher Walken is an accomplished hoofer. Lighten your day and watch him here or there. Courage! The latest Sign of the Apocalypse is another Italian Meltdown. Financial markets are having a hissy fit. It’s almost as if traders are trying to stay relevant in a world where the only thing that matters is what the Central Banks are doing. … and that remains unchanged . The 2012 ECB vow that they will do “whatever it takes” to keep the punchbowl full of moonshine remains in force. With the exception of the Fed, global central banks remain committed to free-money, for all, forever. How this ultimately plays out is anybody’s guess. Many investors see asset bubbles in both stocks and real estate. Others see compelling bargains. Both have seen years of gains. But while we know that all trends reverse, we don’t see anything to indicate an inflection point. Pick your poison. … onward into the Summer Doldrums.

Music of The Week: Beegie Adair’s “Dancing in the Dark”

Video of The Week: Christopher Walken Dances

We Quarterback Money®

– Ray

The Economy: US economic acceleration continues with no recession bells ringing. This gives the Fed leeway to continue with its two pronged tightening action of raising interest rates and shrinking its balance sheet. This double whammy has never happened before so all bets are off as to how this will play out. Will the asset bubble slowly deflate or will it burst? This is the only question that investors need think about. This is the tide that raises or lowers all boats. Understand that we are wildly optimistic and bullish on America. We can make a sound case that this is still the American Century and will continue to be long into the future. The China Supremacy narrative ignores massive challenges. Beyond the glittering new cities are a billion peasants living in abject poverty and farming with medieval hand tools. After decades of the 1-child policy, the population is ageing faster than the economy can handle. With lowest-cost labor now in Southeast Asia, many unemployed Chinese workers are leaving the cities and returning to the already impoverished countryside. As Jordan Peterson is fond of saying, “Never underestimate the Americans. They are the most robust people the world has ever known.”

Food for Thought: Ageing parents are a concern for Boomers. Deteriorating mental and physical health is only the tip of the iceberg. Even the soundest financial plan can be destroyed by unplanned expenses … and they are going to occur. The dark side of extended lifespans is the incredible expense of living incrementally longer. Forewarned is forearmed. Unless you abandon your parents to the street, you are going to be involved. Plan accordingly. Having a plan is based on knowing what is where. Google: “family inventory worksheet” for checklists that will provide guidance. Remember the old Chinese proverb: “The beginning of wisdom is to call things by their right names.” Use the Family Inventory as a basis for helping your parents.

121 thoughts on “Home

  1. Keep up the great piece of work, I read few blog posts
    on this website and I think that your website is really interesting and has lots of fantastic information.

  2. Excellent article, I just passed this onto a coworker who was carrying out a little research on that.
    And he actually bought me lunch because I found it for him.

  3. This is very worthwhile, You’re an extremely skilled blogger.
    I have joined your feed and look forward to reading more of your
    superb post. Furthermore, I have shared your site in my social networks!

  4. Thank you for this good posts. I was curious about whether you were
    planning of publishing related posts to this. Keep up writing outstanding content articles!

  5. Excellent site! I truly love how it really is simple on my eyes and
    the articles are well written. I am wondering how
    I might be notified whenever a new post has been created.
    I have subscribed to your RSS which must do the trick! Have a fantastic
    day!

  6. Excellent web site you’ve got here.. It’s hard to find high-quality writing
    like yours these days. I seriously appreciate people like you!
    Take care!!

  7. Can I just say what a aid to seek out someone who truly is aware of what theyre talking about on the internet. You definitely know how one can convey an issue to light and make it important. More folks need to read this and understand this facet of the story. I cant believe youre not more common since you definitely have the gift.

  8. Do you mind if I quote a couple of your articles as long as I provide credit and sources back to your site?
    My website is in the exact same area of interest as yours and my visitors would truly benefit from a lot of the information you present here.
    Please let me know if this okay with you. Thank you!

  9. I don’t even know how I ended up here, but I thought this post was
    good. I don’t know who you are but definitely you’re going to a famous blogger if you are not already 😉 Cheers!

  10. Hi there. I found your site by the use of Google while searching for a related matter, your web site got here up. It appears to be good. I’ve bookmarked it in my google bookmarks to visit then.

  11. Its like you read my mind! You seem to know so much about this, like you
    wrote the book in it or something. I think that you could do with
    some pics to drive the message home a bit,
    but other than that, this is excellent blog. An excellent read.
    I will certainly be back.

  12. This is very interesting, You’re a very skilled blogger.
    I have joined your feed and look forward to seeking more of your wonderful post.
    Also, I’ve shared your web site in my social networks!

  13. Howdy! I simply wish to give you a big thumbs up for the great information you’ve got here on this post.
    I am returning to your site for more soon.

  14. Hi, I do believe this is an excellent blog. I stumbledupon it 😉
    I am going to come back yet again since i have bookmarked it.
    Money and freedom is the best way to change, may you be rich and continue to guide others.

  15. I want to to thank you for this wonderful read!! I definitely loved every little bit of it. I’ve got you saved as a favorite to look at new things you post…

  16. You can definitely see your expertise within the paintings you write. The world hopes for even more passionate writers like you who aren’t afraid to say how they believe. Always follow your heart.

  17. Just desire to say your article is as amazing. The clearness to your post is simply nice and i can assume you’re knowledgeable on this subject. Fine along with your permission let me to grasp your feed to stay up to date with forthcoming post. Thanks 1,000,000 and please continue the gratifying work.

  18. Hello! I’ve been following your website for a while now
    and finally got the courage to go ahead and give you a shout out from Lubbock Tx!
    Just wanted to mention keep up the excellent job!

  19. казино онлайн vavada

    [url=https://vavada-casino-online.fun/]vavada казино вход[/url]

  20. sol casino официальный сайт вход

    [url=https://sol-casino.host/signup]войти в личный кабинет казино сол казино[/url]

  21. казино фараон онлайн играть на деньги рубли

    [url=https://faraon-casino.casa/reviews]обзор онлайн казино фараон[/url]

  22. play fortuna casino официальный сайт войти

    [url=https://playfortuna-casino.host/mobile]мобильная версия плей фортуна официальный сайт[/url]

  23. скачать слот в казино

    [url=https://slotv-casino.host/reviews]слот в казино отзывы[/url]

  24. покердом отзывы игроков

    [url=https://pokerdom-site.ru/]казино pokerdom[/url]

  25. вулкан слотс доступ

    [url=https://vulkan-slots.site/download]вулкан слотс установить[/url]

  26. Стремление женщины иметь красивые и идеальные ноги появляется сразу, как только она забывает о буднях рутинной работы и стремится окунуться в океан отдыха. Особенно это происходит в весенний и летний периоды, когда теплый воздух вдохновляет и возбуждает пробуждение природы.
    [url=https://chel-week.ru/33533-sdelat-nogi-krasivymi-i-stroynymi.html]как сделать ноги стройными и подтянутыми[/url]

    [url=https://chel-week.ru/33533-sdelat-nogi-krasivymi-i-stroynymi.html][img]https://ezdejo.hu/upload/313/perillisz-honalj-es-bikini.jpg[/img][/url]

  27. [url=https://7filtrov.shop/]7 фильтров[/url]

    [url=https://ibb.co/1nVcRzj][img]https://i.ibb.co/MhTdPBQ/look-com-ua-194645.jpg[/img][/url]

    Виды погружных насосов для скважины: классификация и расчет технических параметров.
    Обустройство готовой скважины начинается с выбора насосного оборудования. Именно насос выполняет основную функцию в системе автономного водоснабжения. Чтобы обеспечить бесперебойную подачу воды, данный прибор должен иметь соответствующие характеристики и конструкцию, наиболее подходящую для конкретных условий. Поэтому при выборе конкретной модели важно знать, какие бывают виды скважинных насосов и особенности каждого из них.
    Содержание.
    Классификация погружных скважинных насосов ^
    В зависимости от устройства и принципа действия существует 3 вида погружных насосов, которые наиболее часто применяются в скважинах:
    винтовой; вибрационный; центробежный.
    Винтовые насосы ^
    Особенностью конструкции винтовых моделей является наличие спирали на роторе и внутренней резьбы на статоре. Принцип работы прибора заключается в подъеме воды по винтовой спирали в результате вращения ротора.
    Такой вид погружных насосов удобно применять при заиливании источника или для прокачки новой скважины, поскольку его эксплуатация возможна в условиях достаточно грязной воды. Однако низкий КПД (около 65%) и внушительные габариты мощных моделей не позволяют применять их для глубинных скважин малого диаметра.
    Вибрационные насосы ^
    Работа данного аппарата основана на действии вибратора, связанного с электромагнитной катушкой. Когда через катушку проходит переменный электрический ток, образуется электромагнитное поле, приводящее вибратор в движение. Таким образом в водонапорном канале создается нагнетающий эффект.
    Совет. Вибрационные насосы очень чувствительны к перепадам электрической сети. Например, при понижении питающего напряжения на 10% напор может упасть на 50%. Поэтому для стабильной работы рекомендуется подключать прибор через стабилизатор напряжения соответствующей мощности.
    Учитывая относительную простоту конструкции, насосы вибрационного типа надежны и долговечны. А невысокая цена сделала подобные устройства достаточно популярными в частном хозяйстве.
    Центробежные насосы ^
    Самым эффективным видом глубинных насосов для скважин является центробежный прибор. Электрический двигатель создает вращающий момент на валу, который снабжен одним или несколькими рабочими колесами с лопастями. Чем выше количество рабочих органов, тем больше производительность.
    Интересно знать. Поскольку основная нагрузка приходится на рабочие колеса, их изготавливают из высокопрочных материалов (норила, поликарбоната, высококачественной стали).
    Такие устройства имеют высокий КПД (более 85%) и способны откачивать воду с глубоких артезианских источников. Кроме того, небольшой диаметр корпуса (3-4 дюйма) позволяет использовать подобное оборудование в скважинах с диаметром обсадной трубы от 120 мм.
    Как выбрать погружной насос для скважины ^
    Чтобы подобрать подходящее устройство для системы водоснабжения дома, недостаточно знать, какие бывают виды погружных насосов для скважин. Помимо этого, нужно учесть некоторые технические параметры, а именно:
    требуемую высоту подачи воды; объем жидкости, перекачиваемый за единицу времени; мощность прибора; статический (постоянный) уровень скважины; динамический уровень во время водозабора; дебит – стабильный расход, обеспечиваемый подземным источником.
    Важно. Обычно во время работы оборудования падение зеркала воды составляет 3-8 м. При этом расположение аппарата должно строго соответствовать динамическому уровню скважины, не превышая его.

    Источник –
    [url=https://7filtrov.shop/catalog/nasosy/nasosy_poverkhnostnye/filter/brand-is-vodotok/apply/]погружной насос vodotok[/url]
    [url=https://7filtrov.shop/catalog/nasosy/nasosy_dlya_pruda/filter/price-base-from-3500-to-200000/apply/]насос для пруда купить[/url]
    Также, рекомендую –
    [url=http://7filtrov.shop/catalog/nasosy/nasosy_poverkhnostnye/filter/brand-is-vodotok/apply/]насос скважинный vodotok[/url] и
    [url=http://7filtrov.shop/catalog/nasosy/nasosy_dlya_pruda/filter/price-base-from-3500-to-200000/apply/]насос для пруда на даче[/url]

  28. [url=https://7filtrov.shop/]интернет-магазин[/url]

    [url=https://ibb.co/CPHsHfZ][img]https://i.ibb.co/1zmJmk5/fonstola-ru-299408.jpg[/img][/url]

    Лидеры продаж.
    Если вы уже задумались над тем, чтобы создать собственный декоративный ручей или даже небольшой водопад на даче, то самое время выбирать насосы для пруда, представленные в интернет-магазине 7 ФИЛЬТРОВ.
    На что обращать внимание?
    Мощность.
    Данная характеристика отвечает за скорость перекачки и обновления воды в резервуаре. Чем больше объем, тем более мощным должен быть насос для пруда и водоема.
    Тип конструкции.
    Существуют выносные и внутренние модели. Первый вариант используют редко, так как он предполагает установку на суше, требует повышенного внимания и производит больше шума.
    Внутренние насосы – лучшее решение для пруда. Погружные варианты работают бесшумно и позволяют создавать естественные и привлекательные композиции.
    Производители составляют специальные таблицы для расчета мощности приобретаемого оборудования. Однако на практике любые дополнительные приборы, излишние изгибы шлангов и труб приводят к уменьшению показателей. Поэтому главный совет для всех покупателей – приобретайте насосы для своих прудов и водоемов с запасом мощности.

    дополнительно можно узнать –
    [url=https://7filtrov.shop/catalog/vodosnabzhenie/skvazhina/nasosy_dlya_skvazhin/filter/price-base-from-1900.00-to-75000.00/apply/]купить насос для скважины[/url]
    а также:
    [url=https://7filtrov.shop/catalog/nasosy/nasosnye_stantsii/filter/brand-is-leo/apply/]купить насос leo[/url]
    [url=http://7filtrov.shop/catalog/vodosnabzhenie/skvazhina/nasosy_dlya_skvazhin/filter/price-base-from-1900.00-to-75000.00/apply/]погружной насос для скважины[/url]
    [url=http://7filtrov.shop/catalog/nasosy/nasosnye_stantsii/filter/brand-is-leo/apply/]leo насосыне станции[/url]

  29. казино х вход зеркало

    [url=https://online-kazino-x.space/mobile-version]казино х мобильная версия играть[/url]

  30. Aunt Newborn Romper Bodysuit For Babies Is Making A Cousin Funny Niece Nephew Uncle Gift Idea

    [url=https://pegasbaby.com/disney-minnie-mouse-3-piece-mealtime-set-48506]Disney Minnie Mouse 3-Piece Mealtime Set[/url]

  31. Здравствуйте
    хорошая мысль но
    И вот это тоже по теме

    РАБОЧИЕ ЗЕРКАЛА НА 1ХBET http://bit.ly/37SxqIa – смотрите вкладку АКЦИИ

    [url=https://www.youtube.com/channel/UCPL5fo0oiedxChYhiEz572w]Париматч промокод при регистрации бонус на депозит[/url]
    [url=https://www.youtube.com/channel/UCvMtJZJtizjKnbEOvBtPdjA]Париматч регистрация с бонусом 2500 рублей[/url]
    [url=https://www.youtube.com/channel/UCj-rEVpoThtxrPr7RDZBaEQ]Париматч мобильная версия скачать бесплатно на андроид[/url]
    [url=https://www.youtube.com/channel/UCiy59mM-CBpghTB0dSwFZhA]Париматч бонус при регистрации 1000[/url]
    [url=https://www.youtube.com/channel/UC9P-n0dCw8fD7CdOFk2jf7w]1xbet мобильная версия скачать на андроид[/url]

    актуальное зеркало 1xbet на сегодня на сегодня альтернативный адрес 2020

    рабочее зеркало 1xbet на 2020 год

  32. [url=https://www.facebook.com/Perdere-peso-in-una-settimana-100874331674955/ ]perdere peso in una settimana[/url]

  33. Burton & Burton Plush 9″ I Love You Puppy

    [url=https://pegasbaby.com/hello-bello-diapers-spring-blooms-size-2-32ct-11030]Hello Bello Diapers – Spring Blooms – Size 2 (32ct)[/url]

  34. [url=https://stop-nark.ru/narko/22-detoksikaciya-organizma.html]детоксикация от наркозависимости[/url] – солевая наркомания, зависимость от соли

  35. [url=https://mukis.ru]купоны яндекс директ как получить[/url] – промокод яндекс директ форум, промокод 3000 яндекс директ

  36. [url=https://kursy-ege.ru/physics/63-ege-physics.html]физика подготовка к огэ[/url] – репетитор физика спб, репетитор по обществознанию спб

  37. CHILD PLUSH KIT-MOUSE

    [url=https://pegasbaby.com/newborn-baby-knitted-vest-romper-boys-girls-ruffle-jumpsuit-bodysuit-outfits-77409]Newborn Baby Knitted Vest Romper Boys Girls Ruffle Jumpsuit Bodysuit Outfits[/url]

  38. slot v casino официальный сайт москва

    [url=https://slotv-casino.host/]слот в казино онлайн вход[/url]

  39. вулкан slots игровые автоматы

    [url=https://vulkan-slots.site/]вулкан клуб слотс россия[/url]

  40. casino pharaon СЂРѕСЃСЃРёСЏ

    [url=https://faraon-casino.casa/download]приложение казино фараон[/url]

  41. фараон онлайн

    [url=https://faraon-casino.casa/games]играть казино вулкан фараон[/url]

  42. vavada казино официальный мобильная версия

    [url=https://vavada-casino-online.fun/mobile]vavada мобильная[/url]

Leave a Reply

Your email address will not be published. Required fields are marked *