When money talks, media bias walks!

Yes, when it comes to the stock market, investing and business in general, money still rules over political agendas and media bias.

Greed may not be a virtue, and in fact it’s one of the “7 deadly sins,” but at least it doesn’t pretend to be something it’s not.

“Money” will always react in its own best interest, regardless of who or what is responsible.

“Business is business…, it’s nothing personal.”

The “biased, liberal, fake news media” and the democrats can try and spin words, events and policies any which way want, and millions of gullible Americans may buy what they’re selling, but money cuts through all of that and focuses on reality, not propaganda.

market prediction if trump wins

On the eve of the presidential election, in November of 2016, when all of the “biased, liberal, fake news media” pundits, experts and talking heads predicted a stock market collapse, and basically the end of the world should Donald Trump win the election, “money” was prepared with the appropriate reaction.

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Even Matt Egan, of CNN Business News had to admit that, “Wall Street welcomes Trump with a bang” the day after the election.

“That didn’t take long,” Egan declared.  “An overnight panic in global markets evaporated as Wall Street gave an emphatic welcome to President-elect Donald Trump.”

Huh?  So what happened to all of that “end of the world” propaganda talk from these so called “experts” that we were hearing less than 24 hours earlier?  Well, these “experts” had moved on from that “hit job,” and they were already doing their “swampy” best to downplay The Market’s reaction to Trump’s election, putting the whole thing in the proper perspective for all of the rest of us, and attempting to dampen any and all positive reactions to it.

The facts are that, The Dow soared 257 points and brushed up against lifetime highs already on Wednesday, the day after the election, defying those who predicted Trump’s election would bring about a plunge in the stock market.

Peter Kenny, an independent market strategist, admitted that the market, “Greeted Trump with a far more positive footing than I expected.  He’s receiving a very warm welcome.”

So, if you ever want to get an honest reaction to any events or policies, just watch how “money” reacts to it.

It’s a safe bet every time.

“For the love of money is the root of all evil…” – 1 Timothy 6:10

“The lack of money is the root of all evil.” – Mark Twain

“We live by the Golden Rule.  Those who have the gold make the rules.” – Buzzy Bavasi, Major League baseball executive

 

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stock market crash

 

 

I’m calling out some of these business “experts” and their “trumped-up” (no pun intended) predictions of “doom and gloom” for 2019. 

I’ve been seeing more and more of these “doom and gloom” business “experts,” financial “experts,” and economic “experts” calling for an economic slowdown in 2019, and even a recession in some cases!

The backgrounds of these “doom and gloomers” is across the board, so their motivations for these predictions are all different as well.

“Experts” from the “biased, liberal, fake news media” are of course trying to set-up a self-fulfilling prophecy for their own political benefit; the country be damned.

Some “experts” are just trying to be contrarian in order to stand out.

Some “experts” are just plain confused, and they are over-analyzing the economy in general.

And some “experts” really aren’t experts at all, and they’re just wrong.

Just to name a few, we’ve got Henry Fernandez of Fox Business News claiming, “The US economy will likely fall into a recession next year.”

We’ve got, Charles Schwab’s, Liz Ann Sonders, claiming, “The U.S. economy will likely fall into a recession next year.”

Kevin Kelleher of FORTUNE reminds us that, “2018 has been a banner year for economic growth,” (thank you for stating the obvious Kevin) but that “according to many economists,” “2019 will bring an economic slowdown with a recession possible in 2020.”

Benjamin Fearnow (aptly named) of Newsweek (“Weak News”) says, “CFOs predict 2019 recession, majority expect pre-2020 market crash!”  Mr. Fearnow goes on to say that, “An overwhelming majority of U.S. chief financial officers say the economy will sink into a recession by the end of President Donald Trump’s first term in 2020, and about half say it will happen next year.”

Wow!  So in this case, we’ve doubled down and are going “all in” on an actual “market collapse!” I’d like to see a list of these CFOs that gave their input on this.  I’m not so sure that CFOs (Chief Financial Officers) are the right ones to be getting this information from in the first place.  CFOs typically don’t make company policy, they bookkeep it.

“The end is near for the near-decade-long burst of global economic growth,” said John Graham, a finance professor at Duke University’s Fuqua School of Business and director of the survey, in a statement. “The U.S. outlook has declined; moreover, the outlook is even worse in many other parts of the world, which will lead to softer demand for U.S. goods.”

The “decade-long burst of global economic growth” referred to here was at the expense of The United States I’m afraid, Mr. Graham, and we weren’t an economic recipient of “that” growth, we subsidized it.

Economist Peter Schiff said that “We won’t be able to call it a recession, it’s going to be worse than the Great Depression…, the U.S. economy is in so much worse shape than it was a decade ago.”

“Worse than the Great Depression?!”  Really Mr. Schiff?  You aren’t any relation to democrat congressman Adam Schiff are you?  Because if you were, that would explain your propensity for the absurd.

“Bloomberg” economics writer, Jeanna Smialek’s chose to go with the headline, “JPMorgan, Bank of America Detect Hints of a U.S. Recession Looming in 2019,” even though her article points out, “Wall Street’s biggest banks are scouring U.S. data for signals of an impending recession.  On balance, they’ve been finding that a 2019 downturn still isn’t likely…”

Ms. Smialek would seem fall into the “Experts from the “biased, liberal, fake news media,” who are trying to set-up a self-fulfilling prophecy for their own political agenda; the country be damned” group.

The resident “experts” on CNN, CNBC, and MSNBC have all, of course, chimed in with their predictions of demise regarding anything Trump related.

This list could go on, but you get the idea I’m sure.

Now, I, admittedly am no economics expert, but I have two eyes, a relatively functional brain, and some common sense.

Here is my take on the U.S.’s economy for 2019 and into 2020.

But first, a little historical perspective.

The economy started to improve immediately in December of 2016 and into 2017 after President Trump was elected, and that was just based on the expectations of the impact of his actions.

The President’s only real actions in 2017 had to do with the reduction of regulations and the signing into law of The Trump tax cut and tax reform plan.  The new law would not begin to offer any real benefits to people or to companies until 2018.

In 2018 individuals were able to keep a little more of their own money due to tax cuts, and business were more easily able to invest their own money in improvements and expansion with drastically reduced capital gains tax penalties.

So in all reality, the United States economy is really only showing the benefits of the new tax laws and some reworked trade policies for about the last six months.

That bring us to 2019.

MrEricksonRules is predicting that 2019 will be an excellent year, economically, for The United States!

2019 will be the year that people see the real benefit of the new tax cuts law.  Families across the country will pay thousands less in taxes and/or get thousands more back.  This can only help stimulate the economy even more in the second and third quarters of 2019.

Although many of these “experts” see President Trumps “tariff wars” as economic negatives, I can only see them being a positive thing for our economy.  I see businesses across the board beginning to reap the benefits of the new USAMC trade agreement with Mexico and Canada, and the same goes especially for the new agreements with China.

Also, as part of the Tax Cuts and Jobs Act of 2017, and a recent directing Executive Order, President Trump is encouraging long-term investments in low-income urban and rural communities nationwide. The Opportunity Zones program provides a tax incentive for investors, which should also help to stimulate the economy in whole new areas.  It also directs government entities to prioritize these zones for expenditures as well.

2019 will also see record revenues for the federal government, due to the booming economy and the increase in the number of taxpayers overall.  These revenues may help us to avoid increasing the federal deficit and possibly even work on bringing the deficit down.  At this point I would settle for just a slowing of the amount we owe.

So, based on my “expertise,” I would tend to disagree with most of these so-called “experts.”

I would go as far to say that 2020 will just build off of 2019, and that President Trump will be running for re-election having orchestrated the most impressive economic turn around and economic run since Ronald Reagan in the early 80’s.

Larry Kudlow, who is serving as president of the National Economic Council under President Trump, seems to agree with me, when he says,  “In my personal view, our administration’s view, recession is so far in the distance I can’t see it,” Kudlow said. “The basic economy has reawakened and it’s gonna stay there…, I mean, I’m reading some of the weirdest stuff, how a recession is around the corner.  It’s nonsense.”

I think The President would second that notion as well.

Regarding the Stock Market, I believe there is still a lot of value to be had there.  I feel the Market remains undervalued at this point.

Paul Dietrich of FOX Business feels the same way I do.  He goes on to say, “There seems to be a new “fear of the day” knocking down the stock market.  Chinese trade talks, Brexit, government shutdowns, Fed rate hikes, inverted yield curves or Trump’s tweets all seem to be culprits in this conspiracy to drive down the stock market.  None of these issues have any significant impact on the underlying U.S. economy.”

Overall, The Market will continue to bounce up and down, but also maintain its positive general momentum.

Remember, however, that what’s good for Wall Street is not necessarily what’s good for Main Street.

In 2019 and 2020, we’ll take a look back and see how I did versus “the experts.”

If any of the media outlets want to contact me at some point regarding business and economic prospectives, you can do so via the “contact” feature on my blog website.

 

NOTE:  If you’re not already “following” me and you liked my blog(s) today, please scroll down to the bottom of the page and click the “Follow” button.  That’ll keep you up to date on all of my latest posts.

Thank you, MrEricksonRules.

mayan calendar

 

“Why didn’t I think of that!? I did, I did think of that!”

We all get great ideas form time to time, and we may share them, but nothing happens, and then they fade away, and then a couple years later we see someone getting rich off of doing what we had the idea to do.

Well here are some business ideas I’ve had knocking around in my head.  I know I won’t execute these ideas, but at least now I’ll be able to point back to this blog and take some credit for the idea!:

I know all of the Toys R Us stores have closed, and the company has filed for bankruptcy, but I believe there’s still a niche out there for Toys R Us.

I have heard that a group of investors is considering raising Toys R Us from the dead.  If they do, here are my suggestions for them:

The new Toys R Us should consolidate the number of stores, down from the original 800+ stores, to half of that number, or even less.

The new Toys R Us does not need to be open every day.  Besides Christmas time, people primarily shop for birthday presents throughout the year.  I would recommend that stores be open only two weekends a month, January through November, and open from Black Friday through Christmas in December.

The new Toys R Us would only carry toys and entertainment items for kids.  Diapers, clothing, etc. would no longer be sold there.

A new emphasis would be put on the Toys R Us “on-line” store as well. On-line orders would be shipped from the regional stocking centers, consolidating stock orders and saving on shipping costs to the stores and to the on-line customers.

In these ways the company would become “the king” of toys again,  save money on physical locations, save money on labor costs, and turn going to Toys R Us into more of an event rather than just another shopping trip.

Another idea I had was to bring back “full service” at some gas stations.

At some stations it would only be certain designated pumps, while other gas stations could be exclusively “full service.”

So what do I mean by “full service?”

Well, the base level could mean just pumping the gas and accepting payment from you so you don’t have to get out of your car.

The next level up could include cleaning the windows.

Another level up could include checking and filling washer fluid.

Another level up could include getting items from the store inside for you.

Of course, the more you ask for the more you pay.

I can also envision a NASCAR type pit crew station that runs out to your car and gives it the once over, including all of the other services.   This would be kind of a novelty, but I think people would get a kick out of it.

I believe there is a “high end” niche for everyday items and services, ala Starbucks, mail order food services, dog walking, etc.

Another idea I’ve had is that of incorporating slot machines into assisted living communities and centers.

Most of these places already get together for bingo and other games, so why not take it to the next level?

Unless some laws change in most areas, the residents couldn’t gamble for money, but I’m sure the credits they win could be exchanged for other items and services within the community.

NOTHING, and I mean NOTHING, lights up the spirits of people this age like the excitement offered by a trip to a casino, and this would be the next best thing.

Believe me, there would be long, long waiting lists for people trying to get into these “slot machine friendly” facilities.  They’d be able to charge considerably more on a monthly basis for living there as well.

Another option might be for existing casinos to get into the assisted living business.

Most casinos already have an attached hotel.  How much of a stretch would it be for these casinos to construct attached assisted living facilities?

Talk about a self-sustaining operation and investment!

Lastly, I have an idea for a delivery company.  You could call it “Fetch,” Go Get it!” or something like that.

This service would operate similarly to Uber.

Users would have pre-registered accounts.

Instead of requesting a ride somewhere, customers would request something be picked up or purchased for them and then delivered to them.

Potential “Go-getters” would respond to requests with bids, from which the requestor would select.

The innate laziness of Americans these days would fuel this business.

For example: You’re watching a movie with your girlfriend, your boyfriend or your crew, and someone mentions Taco Bell and everyone is dying to get some, but it’s pouring out and nobody wants to fly.

No problem!

You get on your “Fetch” app, and request 10 Doritos Locos tacos.

The cost of the tacos alone is $19.  A “Fetch” “Go-getter” in the area bids $35 to go to Taco Bell, buy the tacos, and deliver them to you in about 20 minutes.

You agree to their bid, you credit card is charged, and in no time you’re enjoying your tacos and finishing up your movie.

This service would also come in handy when you’re having a party, you can’t leave, but you’re running out of ice, beer, etc.

What if you show up at your in-laws, but forget it was you mother-in-law’s birthday!?  No problem.  Call “Fetch” and have some flowers brought over!

These are just four business ideas I’ve had.  Please feel free to make them your reality if you can!  I really like these ideas, but I would never have the resources, or the capacity to put them in motion myself.

Stay tuned for more amazing ideas in the near future!

 

NOTE:  If you’re not already “following” me and you liked my blog(s) today, please scroll down to the bottom of the page and click the “Follow” button.  That’ll keep you up to date on my latest posts.

Thank you, MrEricksonRules.

lloyd xmas

 

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