Recently, Don was the special guest speaker, and spoke at the 2021 Eckard Mineral Conference.
It is now inflate or die time for the Federal Reserve. A hard default is not an option and it is obvious which path the government has chosen; a soft default. This means that they will inflate the US debt away. In my opinion, before the Federal Reserve ever attempts to raise interest rates, they will begin to reduce asset purchases.
So how have people been spending their stimulus checks? While some are paying off credit card or school debt, others, like Robinhood traders, are placing their money in the stock market. In fact, investors poured in a record $56.8 billion as the stimulus checks arrived.
There is a lot of discussion about getting rid of fossil fuels including natural gas, but little conversation on the reality of the gap that would be created in power generation if that were to happen.
At the end of the day, the only thing standing between your portfolio and catastrophic loss is your own caution and proper risk management. I know it is not the most exciting part of investing. But, there is zero doubt in my mind that it is the most important.
Since natural gas provides about one half of the carbon footprint of crude oil, it makes sense that it is the logical source to bridge into a transition to renewable energy.
People who own assets get richer or at least stay on the same level. However, those that are trading labor for currency units without the capacity to own assets are losing their shirts…financial death by 1 thousand cuts; failure that happens because of many small accumulated issues.
There is a major disconnect between the stock market and the underlying economy. The GDP numbers are down as well because the economy was brought to a stop and has not come back to pre-COVID 19 levels. Yet, the stock market is roaring. How is this possible?
A 2019 Federal Reserve Survey found that 40% of Americans did not have $400 in their accounts to cover emergency costs. That was before the pandemic rocked the world’s economy.
A good supply chain management system is essential to any company or industry. Disruptions in the supply chain, including natural disasters and pandemics, can have negative effects lasting decades after the fact.