Reaganomics Redux
Reviving Conservative Prosperity Hi Reader, Here’s what our editors are looking at today… | | | Politics: Matt Insley – Trump’s Timeline Mirrors Reagan’s First Term On Friday, Paradigm’s macro authority Jim Rickards warned us of a recession — something he says interest rate cuts by the Federal Reserve will not avert, by the way. Additionally, Jim points out while Trump's policies could boost the economy in the long run, the immediate future may be marred by issues inherited from Biden's presidency, like inflation, excessive spending, and regulatory burdens. Jim further draws a historical parallel with Ronald Reagan's presidency regarding political dynamics that are relevant today. In spite of a split Congress, Reagan managed to push through significant parts of his agenda during his first two years in office. Trump might likewise accomplish much of his agenda during a similar timeframe (but with the benefit of a GOP Congress). Plus, Jim expects that Trump might face a similar economic trajectory as Reagan… ⇒ Read More Here | |
News: Sean Ring – The Filthy Business of Private Banking Bill Hwang's sentence of 18 years in prison, a recent talk with an old friend, and reading about Morgan Stanley’s private banking mess in the Journal today all brought me back to the heady days when I was amongst the business of private banking. Private bankers are incentivized to offer seamless, all-encompassing solutions for their wealthy clients. In doing so, they often cultivate close relationships with their clientele — relationships where discretion isn't just a courtesy; it's part of the business model. This discretion, however, opens the door to temptations that stretch the boundaries of legality. Let’s open the kimono on the murky world of private banking, so you understand where not to put your money. ⇒ Read More Here | |
Retirement: Dave Gonigam – The 2% Retirement More than a decade ago, we conducted an informal — albeit fascinating — survey of our readership. It was straightforward: When it comes to retirement, “What’s your number?” Not the total retirement savings you want to live comfortably, but to live your dream -- where you wouldn't have to worry about a budget for meals out, or golf or concerts or travel. The median response we got — half of the responses were higher, half lower — was $2 million. In 2024 dollars, that’s $2.7 million. As it happens, by one measure a net worth of $2.7 million puts you in the top 2% of the country. But if you’re not in the top 2% — for that matter, if you’re nowhere near there — don’t despair. ⇒ Read More Here That’s all for today, we’ll be back tomorrow with more topics and articles from our editors. Email us here with whatever crosses your mind that you want us to cover. We look forward to hearing from you! Looking forward to your financial future, | | | | | |
| | | | © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your The Daily FWD e-mail subscription and associated external offers sent from The Daily FWD, feel free to click here, or manage your newsletter preferences here. Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@paradigmpressgroup.com. This address is for feedback only. For questions about your account or to speak with customer service, contact us here or call (844)-731-0984. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. The Daily FWD is committed to protecting and respecting your privacy. We do not rent or share your email address. Please read our Privacy Statement. If you are having trouble receiving your The Daily FWD subscription, you can ensure its arrival in your mailbox by whitelisting The Daily FWD. | | |
No comments:
Post a Comment
Keep a civil tongue.