1.

MLB will destroy minor league baseball. MLB will change the most of the system. And it’s all based on money. MLB revenue understandably plummeted during covid, but revenue and interest have declined for years. The game of baseball has lost America’s youth. The game is too long and too slow. The ball doesn’t stay in play long enough because computers have told us that hitting home runs is all that matters. Strikeouts are at all-time highs as a result. MLB needs to change its game and keep the minor leagues. The charm has been lost.

2.

Commodities have been beaten up for a decade. But there is a belief that this has ended, especially in the copper markets. Here is a quote from Robert Friedland, on building a house, I find entertaining: “Build your new house out of copper bricks, cover that copper with gypsum wallboard so you forget it’s in the walls. Ten years from now, you’ll be able to tear down that house and buy a fleet of electric Lamborghinis with your profits.” I’m sure this is said “tongue in cheek” but I wonder if this could be done?

3.

A reminder that No One has more USD-denominated debt coming due in the next 12 months than Uncle Sam (37% of ~$20 trillion = $7.4 trillion due within 12 months). Let this sink in please. $7.4 trillion is due from outstanding debt in the next year. This doesn’t include the new debt we are incurring. Uncle Sam has 3 options:
1. Default.
2. Crowd out most other global USD borrowings and crash all economies.
3. Print the money. This obviously is their scary answer. Money-printing is here to stay which is why the above Robert Friedland quote is poignant.

4.

Markets are outrageous now. We are dealing with such irrational valuations that I don’t even know where to begin. But this is a great time to prepare for 2021. The Fed cannot solve all our financial problems and seniors need to move more assets out of risk and into guarantees. Take a look at SBLI’s Legacy Solutions. Where else can you get competitive interest, a tax-free death benefit, and a “money-back” guarantee at anytime. All in a 15-minute underwriting process.

5.

I love my “inflation savings account” idea using US Life Power Index Premier (PIP)! 1% each year worse-case scenario with 3 index options. Seniors can move their nest egg savings account into PIP and earn at least 1% with a potential of around 4%. If they keep their funds in savings their purchasing power gets crushed. Contact me for further info.