Happy Birthday Dad
Still Think About You Every Day
Lou Gehrig said it best and with respect to the relationship, the friendship I had with my Dad, “I consider myself the luckiest man on the face of the earth”. Think about it, 55+ years ago Dad introduced me to an industry I remain entrenched in. Reflecting on the experience and loving what I do, I’ve been lucky to have never “worked” a day in my life as I love what I do. I hope you feel the same about what you do.
Quite a busy time down here in Texas; even after spending 55+ years in this wonderful industry there’s still a lot to learn and that’s what I’m doing the rest of this week. I just spent a couple hours in webinars with Barchart experts. Think about it, Barchart’s my “go to” resource, one I’ve used and taught from for years. Still, I continue to improve my skills as “there’s always something to learn”. Keep that in mind the next time you think you’ve reached the pinnacle of knowledge. A couple of my favorite Plato quotes sum it all up “wise men speak because they have something to say: fools because they have to say something” and “no one is more hated than he who speaks the truth”. Now let’s look at the “truths” just reflected in today’s macroeconomic, geopolitical world.
Start with one of my favorites to follow, New Zealand bumped their rates up 1/4% to 5.5% overnight but did represent that “they are done”. At about the same time the UK inflation rate came down below 10% for the first time in months; hey that’s great that it’s coming down but elevated numbers, especially their core inflation rate, is nothing to celebrate. The FOMC reported that interest rate increases in the United States may be coming to an end. Who knows, maybe we’ll get the “swamp” to work together soon and alleviate the never ending aspects of raising the debt limit. I could go on but why; nothing’s really changed except the markets realizing we’re headed lower; J.P. Morgan said so this morning so maybe like when E.F. Hutton talked years ago, people will fall in line and “listen”.
One thing that has become apparent is that Janet Yellen has finally been caught in her own trap. For weeks she’s preached that the “end was near” and by June 1st the coffers would be empty. If that were the case, and undoubtedly everyone realizes legislation, in this or any Congress takes time to pass, we’d be starting to send out IOUs. I did a story on this a while back entitled “Yellin’ About Yellen” that’s worth revisiting. We have money that can still be shifted around to cover what needs to be paid. It would be nice if all involved could get on the same page but that is as likely to happen as is the Red Sea once again parting.
Going from one webinar to another. The better I get at what I do the more I can give back to you. Besides knowledge, truly just the word “know” is what we all strive for in life. Otherwise it’s just opinion, a self-serving judgment and Plato would not be happy about that.
Thanks for letting me talk about my Dad. He always taught me to be thankful for what you have so my “thanks” go out to you all for making this venture a true “adventure”; it’s fun and I appreciate your true interest; it’s only just begun.
Everyone learns at their own pace. If you pick everything up the first time through, great but if not email me at david@thetickeredu.com so we can further help. Thanks to all of you who have adopted what is being created and presented; we’re humbled by the response and referrals. Again, let me know what you want to learn, I’m all ears.
As you might expect, today’s musical selections are a tribute to my Dad. In his high school yearbook, someone wrote on this clarinet and saxophone playing drum major’s back page, “Ronnie, Ronnie, he’s our man . . . he’ll be the leader of a big brass band”. Love you Dad; thanks for everything. Tears and smiles, damn I miss you.