The Watchdog on Wallstreet Weekly Recap for 10/24/2022
10/24/2022 Retirement funds suffer from inflation
This week, we started off taking a look at 2022 Federal Tax Collection. Almost 5-Trillion dollars? When will it be enough? And not to mention, inflation is biting when it comes to people’s retirement savings. More than half of working US adults feel that they are behind on retirement savings. This is not new, this was happening before inflation. On our website, you can download a Retirement Crisis whitepaper that I wrote discussing this issue, so it’s not new and is still relevant to this day. The IRS is increasing the limit to allow higher contributions to their IRAs and 401ks, the issue is when people have to spend so much money to cover the bare necessities, how are they going to come up with that extra money to fund their IRAs and 401ks?
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10/25/2022 Tax cuts do not cause inflation
Many of the globalists or the elites out there claiming that tax cuts are bad and tax cuts cause inflation when the reality is total crap. Inflation is caused by a lack of supply – where you have too much money chasing a few goods. We also have the misallocation of resources. We print too much money, and the government spends beyond its means. We’ve got record tax revenues coming into our treasury. But does it matter? No! We are running deficits. Our debt is around 31 trillion dollars. The difference in the private sector, as Gordon Gekko said, “you either get it right or you get eliminated.” However, when it comes to the government, what typically happens is When a program is implemented and fails, it makes no difference. It goes on forever. That’s inflationary!
At Markowski Investments, we can help you plan for retirement without having to worry about inflation. We can’t control the world from changing or the government, but we can help you remain ahead of the curve with a sustainable financial plan that makes use of our adaptable solutions.
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10/26/2022 Tech earnings bonanza!
The revenue of big technology companies like Google, YouTube, and Microsoft is falling as a result of an unexpected slowdown in their core search advertising businesses. Tech companies need to adjust their costs fast. They must confront reality and begin reducing headcount at some point. As productivity isn’t there, growth isn’t there, and guess what? You’ll have to get rid of some of the dead weight.
In situations like this, the possibility of being laid off may be exceedingly distressing. If you have a solid financial plan in place, it will be easier for you to overcome the challenges and make the necessary adjustments. Download the Retirement Crisis whitepaper where I explain how you may be fully prepared for the crisis and learn more about your retirement opportunities.
10/27/2022 Germany discovers, “It’s not easy being green.”
I am going to talk about this again because it’s hilarious. Do you want to talk about a paradox? I’ll give you a German energy paradox. Now Germany is all upward green. I know they’re singing the Kermit song “It’s not easy to be green.” Well, no it’s not!
Angela Merkel’s administration has moved Germany’s energy sector away from nuclear power and fossil fuels and toward renewable sources of energy that are better for the environment. In light of the catastrophe that occurred at Fukushima, Angela Merkel came up with a strategy for Germany to take part in initiatives that many other major nations consider too expensive and too risky to undertake.
Germany went all-in on solar panels and windmills, which they’re doing while depending on Vladimir. Even former President Obama warned against switching the country’s power supply away from nuclear and fossil fuel energy and toward energy from renewable sources, but his warnings were ignored.
Do you want to have a discussion about paradoxes? An actual event that happened just now: Germany is in the process of dismantling windmills that were built next to coal because it has reached the realization that it needs coal. Greta Thunberg is going to have to hold her breath right now as Germany is taking down windmills in order to dig for more coal.
10/28/2022 Bear markets…where the real money is made.
Do you have any idea what is going on with this year’s earnings season? You’ve got certain numbers that look apocalyptic, and then you’ve got others saying things like, “Wow, that’s pretty darn good!” Bear markets are one of the concepts that we try to get across to people. When you’re in them at the moment when markets are down, and when you look back at them to see whether you’re doing the right thing, if you’re smart. Once you do that, you need to learn where the actual money is created. Real money could well be made right now at great entry points into great companies; just make sure you’re heading in the right direction. Access our FREE report, “Growth Without Risk,” to learn how to protect yourself from bear market drops while still getting good returns.