Biden's About to Make It Worse
Obama and Trump Screwed This Up Hi Reader, Let’s see what our editors were looking at this week… | | | News: Dave Gonigam – Back to the 1800s There’s no situation on the face of the Earth that’s so bad that it can’t be made worse by the intervention of the U.S. military. Defense Secretary Lloyd Austin announced an initiative called Operation Prosperity Guardian — military patrols in the Red Sea by the United States and nine other countries. But no countries from the Red Sea region. And there’s only one Arab country — tiny Bahrain. The only reasons the Houthis are a force to be reckoned with are Barack Obama and Donald Trump. If Obama and Trump hadn’t been in thrall to the Saudi royal family. Either one of them could have picked up the phone anytime and said, “It’s over.” A delicate truce has reigned in Yemen since April 2022 — and it appears Joe Biden is threatening to blow it all up. ⇒ Read More Here | |
Politics: Byron King – Red Sea, Dead Sea A group called Houthis controls part of Yemen, a nation strategically located at the narrow strait at the south end of the Red Sea. Note that Houthis are not the “official” government of Yemen; they just run a big whack of the place. These Houthi actors have begun to attack and seize merchant ships near their Red Sea shores, as well as fire missiles at other vessels, including U.S. Navy ships. Why would the Houthis block ship traffic to and from Suez? What’s really going on? ⇒ Read More Here | |
Retirement: Zach Scheidt – Grow Your Income While Interest Rates Fall Fed officials signaled they expect to make three rate cuts next year. This major policy shift will signal a turning point in the market, reversing many trends of the past two years. To help you prepare, Zach will discuss an area of the market that will be among the first to feel the effects. And we’ll look at one stock in particular that will benefit from the Fed pivot. ⇒ Read More Here | |
Markets: Greg Guenthner – My 2024 Profit-Making Strategy – Revealed Instead of an impending crash due to a top-heavy market, we’re seeing the beginning of a rotation away from mega-caps into tech laggards and small-cap stocks – a rotation that has become more pronounced over the past week. How you personally feel about these comments or the probability of a so-called “soft landing” doesn’t matter. What’s important is how the market interpreted the news, and this is the message stock sent… ⇒ Read More Here | |
America: Jim Rickards – Americans Understand Inflation It is possible to use propaganda to lie to the American people; it can work in the short run. But inflation is not one of those areas where propaganda works. The American people know what things cost, they know prices are going up, and no amount of White House lies can change that. In many ways, this dynamic can’t be separated from the price of gold. What’s in store for gold? Why hasn’t gold exploded yet? Read on. ⇒ Read More Here | |
That’s all for today, we’ll be back tomorrow with what our editors were looking at this week. Every Friday we address as many reader emails as we can. You can email us here with any questions or feedback. We look forward to hearing from you! Looking forward to your financial future, | | | | | |
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