It’s time to lean back, relax and enjoy a little Joe …
Welcome to another exciting edition of Black Coffee, your off-beat weekly round-up of what is going on in the world of money and personal finances.
I hope everyone had a pleasant week. Let’s go this week’s comments without further delay …
The truth is waiting to be found. It is not looking for anyone.
– Suzy Kassem
Credits and depreciation
Debit: Have you seen this? A new study has shown that exactly half of all Americans surveyed do not think it is realistic for the average American to retire comfortably, while a considerable share believes They may never retireWith 43% who admit that they see themselves working until they die – or at least not long before they die …
H/T: @alifarhat79
Credit: In other news, the Big Beautiful Bill that was recently adopted by the congress, the State and Local Tax Allowance (Salt) increased from $ 10,000 to $ 40,000 For taxpayers next year. Salt includes state and local income tax, as well as real estate tax. It is expected that this lighting will offer homeowners who suffer from higher real estate tax due to the almost relentless increase in house prices since the pandemic.
Credit: On Wall Street, American shares closed a winning week when the Dow won almost 1% for the five trade sessions up to and including Friday – the first victory in three weeks – while the S&P 500 and Nasdaq had Their best impressions Since the beginning of August with the former an increase of 1.6% and the last by 2%. Then there is the mining sector – this year it has quietly performed better than all major exhibition indices …
Debit: Despite the rising stock market, the US economy shows signs of faltering – especially when you dig into the clay’s herb. For example, Macro analyst Daniel Oliver pointed out this week that “Google offers a tool that makes it possible to observe the battle in the employees first: Google Trends reveal” a largely unfiltered sample of actual search requests from Google. “The samples under the paint A gloomy photo. “Indeed, they do it. Here are six search terms on Google who prove that the economy is certain not get better for many people:
Source: Myrmikan Research
Credit: Unfortunately, the stability of global financial architecture is based on the long -term bonds of the US, Japan and the eurozone. But now, long -term government bonds, once considered safe and produce a positive real return, have lost a lot of confidence. As a result, anyone who is not legally obliged to hold these effects dumps them for more ordinary safe ports such as precious metals. It is a proven pattern that repeats itself through history when times become difficult. Oh, and talking about a lack of trust …
Credit: In the meantime, Rabobank Senior Strategist Benjamin Picton noted this week that: “While Front -end yields sink in the hope of easier money from central banks, the story on the long side is one more. Determining inflated tax positions without limiting the economy and at the same time finding ways to finance the priorities of the expenditure has become a policy paradox. Is it just ‘too late’ to solve? Or can out-of-the-box economic thinking still find a solution? “Or maybe AI can save and save the day?
Credit: Don’t think that macro analyst David Jensen did not notice what is going on with global debt markets. He notes that: “The biggest debt bell in history is now coming quickly, but do not believe that when it happens it was a major accident or unforeseen. The economic dexterity To reach this point was carefully and deliberately manufactured – and we have the coupons. “Everything, of course, committed by the tricksters who run the world’s central banks … and this guy:
Credit: Besides, Jensen also refers us to economist Antony Mueller, who points out that “Austrian school economists have warned more than a century that central banks are trying to generate economic growth (via) loose monetary policy only not -supported consumption, floating, Wrong allocation of capitalAnd Boom-Bust Cycli, which inevitably lead to currency collapse. Yes.
Credit: Of course, as macro analyst Thomas Kolbe notes: “Delicious leverage, virtual Unsecured Fiat -Credit -Without a support in Gold-Having the European Financial System, a Ponzi-like structure changed, which inevitably stimulated a massive credit expansion. When the credit tap is staggering, the house of cards collapses. “Unfortunately, the situation is no different on this side of the pond because too many people want a” free “lunch.
Debit: By the way, Kolbe also warns that the policy of the central banks, the policy of central banks, can be easily summarized: prior to the threatening debts collapse, its task is to manipulate the entire yield curve Down down to maintain the illusion of controlled government debt – and to prevent private investors from panicking. Translation: Yield Curve Control (YCC) is the last arrow in the arrow cooker.
Credit: We will end with a little wisdom of Mr Jensen who reminds us that: “What we see is not a failure of the market economy, but The inevitable collapse From a structured fraud by our central banks and governments. “In the meantime, Mr Jensen continues:“ After decades of price manipulation, gold and silver, as always, remain ready to speak their truth. And they will speak. “Indeed they will. In fact, they are already – loud and clear.
By the figures
A new study was released this week in the best and worst places to retire. To help Americans plan a comfortable pension without breaking the bank, Wallethub compared more than 180 American cities in 45 important sizes of affordability, quality of life, healthcare and availability of recreational activities. The data set varies from the costs of living to retired taxpayers-friendliness to the health infrastructure of the state. Here are the ten best cities to withdraw based on that data:
10 Casper, we
9 Madison, Wi
8 Cincinnati, Oh
7 Fort Lauderdale, FL
6 Atlanta, go
5 Tampa, FL
4 Miami, FL
3 Minneapolis, MN
2 Scottsdale,
1 Orlando, FL
Source: Wallethub
The question of the week
Last week’s survey result
What is the most that you have ever won with playing the lottery (or scratcher)?
More than 1700 Len Penzo Dot com readers answered the question of last week and it appears that, among those who buy lottery tickers or scratchers, almost 3 in 5 of you won a price of at least $ 11 – and 1 in 10 have won more than $ 100. That said, it is a fairly safe gamble to believe that most of them have lost more money than they have won – I know I did that. For the record, my biggest lottery prize was $ 25 on a scratcher … that was given to me as a birthday gift.
When You Have a question that you want to ask the readers here, send it to me Len@lenpenzo.com And make sure you place “question of the week” in the subject line.
Useless news: drinking drink games
Two men drank in a bar at the top of the Empire State building. The first drinker said to the other: “You know, last week I discovered that if you jump from the top of this building, by the time you fall on the tenth floor, the wind around the building is so intense that they actually carry you around the building and back in the window.”
The bartender simply shook his head in disapproval while wiping the bar.
The second man also had none of that story. “You are a crazy fool!” He said, “There is no way to ever happen.”
“But it’s true!” The first man begged. “Let me show you.” So the first man got out of his bar stool, stumbled to the balcony and then threw himself over the ledge to the street below. And yes he passed the tenth floor, the strong wind struck him around the building and back in the window of the tenth floor. The man then took the elevator back to the bar.
The second man then said to the first: “You know, I saw that with my own eyes. That was absolutely incredible! But it must have been a coincidence!”
“No coincidence at all!” said the first man. “Here … I’ll prove it.” So again, the first man stumbled to the balcony and jumped of the ledge, swung to the street where the wind of the tenth floor gently wore it around the building and the window. When reaching the beam on the top floor, the first man insisted on his colleague Drinker to try it himself.
“Well, what the hell is!” said the second man. “It works – and I’m going to try it!” And with that the second man jumped over the balcony and dived to the earth at a rapid speed. He noticed that he passed the eleventh floor. Then the tenth, ninth and eighth floors. Two seconds later he hit the sidewalk with a terrible splat.
In the meantime, the bartender turned back to the other drinker and said, “You know, Superman – you’re a real jerk when you’re drunk.”
(H/T: Frank W.)
Squirrel (In the dark)
Poppy The Possum stopped a few evenings ago – apparently to show us his latest dance movement …
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More useless news
Here are the top – and lower – five states in terms of the average number of pages that have been viewed here at Len Penzo Dot Com in the last 30 days:
1. Kentucky (2.50 pages/visit) (!)
2. Holo warm. 2.18)
3. Connecticut (2.15)
4. Tennessee (2.06)
5. Iowa (2.04)
46. Oregon (1.51)
47. Maryland (1.45)
48. Louisiana (1.44)
49. Rhode Island (1.31)
50. New Mexico (1.05)
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Letters, I get letters
Every week I have the most interesting question or comment – assuming that I get one, that is. And people who are lucky to have the only question in the mail bag, get their letter here emphasized whether it is interesting or not! You can contact me at: Len@lenpenzo.com
After reading this week’s story, that eight of the weirdest insurance claim fraud of all time emphasizes, JB Had a special request:
Len, send me an e -mail. I have a great idea to make money quickly.
First question: Have you been talking to Nigerian Prinsen lately?
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Photocredit: stock photo
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