From The Federal Reserve Bank of Dallas
I was in a meeting last week where a man spoke who used to head the Federal Reserve Bank of Dallas. You know, when I say something, people go 'ho hum'. When a person of this stature speaks 'people listen'. Listen up! Here are six 'drivers' of the economy for the next decade that he compared with the same drivers from 1982 to 2007. Interesting stuff - and I believe him. The one thing he repeated at least 8 times in one hour was "you need to move your money from risk into safety and I recommend ANNUITIES for at least the next 10 years" (he said). 1. Innovation - 82 - 07 = Tech Explosion 2011 - 2020 = Tech Slowdown 2. Globalization - 82 - 07 = 3 billion new capitalist producers 2011 - 2020 = Created joblessness. Indexed Annuities that are issued by Insurance Companies that are invested globally is where you want to be the next ten years. 3. Credit - 82 - 07 = Easy money. Trust. Loose Credit 2011 - 2020 = Tight Credit - Government induced financial collapse 4. Consumerism - 82 - 07 = 'too much ain't enough'. Decline in personal savings rates. 2011 - 2020 = Savings is Chic. Move money into safety 5. Inflation - 82 - 07 = went from 15% to 2 1/2 % = Deflation 2011 - 2020 = Could see as high as 20% 6. Government - 82 - 07 = Less Government and more Capitalism 2011 - 2020 = More Government intrusion. 'Capitalism didn't work' (the gov. says) Central Government debt relative to GDP headed for 100%. Japan is 200% right now in a failing economy. This Fed predicts a bumpy 10 years ahead and strongly suggests people get out of risk in into safety. HE recommends Annuities (of course I recommend Annuities but who am I?) If you want to hear more on this - come to my Free Educational Dinner Seminar on the 8th. |
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Live For Today
A friend of mine opened his wife's underwear drawer and picked up a silk paper wrapped package:
This, - he said - isn't any ordinary package.'
He unwrapped the box and stared at both the silk paper and the box.
'She got this the first time we went to New York , 8 or 9 years ago. She has never put it on , was saving it for a special occasion.
Well, I guess this is it.
He got near the bed and placed the gift box next to the other clothing he was taking to the funeral house, his wife had just died.
He turned to me and said:
'Never save something for a special occasion.
Every day in your life is a special occasion'.
I still think those words changed my life.
Now I read more and clean less.
I sit on the porch without worrying about anything.
I spend more time with my family, and less at work.
I understood that life should be a source of experience to be lived up to, not survived through.
I no longer keep anything.
I use crystal glasses every day...
I'll wear new clothes to go to the supermarket, if I feel like it.
I don't save my special perfume for special occasions, I use it whenever I want to.
The words 'Someday....' and ' One Day...' are fading away from my dictionary.
If it's worth seeing, listening or doing, I want to see, listen or do it now....
I don't know what my friend's wife would have done if she knew she wouldn't be there the next morning, this nobody can tell.
I think she might have called her relatives and closest friends.
She might call old friends to make peace over past quarrels.
I'd like to think she would go out for Chinese, her favorite food.
It's these small things that I would regret not doing, if I knew my time had come..
Each day, each hour, each minute, is special.
Live for today, for tomorrow is promised to no-one.. |
