After the Windfall
Adam M. Grossman | May 5, 2019
A FEW WEEKS ago, life changed for 24-year-old Manuel Franco of West Allis, Wisconsin. The winner of a recent Powerball lottery, Franco took home $326 million—and that’s after taxes. With a sum that large, it shouldn’t be hard for Franco to make his winnings last a lifetime.
And yet, more often than not, such windfalls deliver heartache rather than happiness. Consider Lara and Roger Griffiths, an English couple who, in 2005, won the equivalent of $3.2 million from their local lottery.
Emailed to Recaps:
Sam Oliver: You are about to see two titans go head to head in the market. So, the China/US didn't go ahead with a new agreement as we had hoped. Now, you are going to see the market reposition itself.
The US made the first move raising tariffs from 10% to 25%. Next, we see China lower the rate on the Yuan. Others followed to some degree that cannot afford the high cost of the dollar that will rise as a result sending debt into higher heights.
Both countries have contemplated and voiced they are about to turn on the Money Printing Machine as well. Repositioning in the market is usually done when the performance or shifts in the market place decline as they have been for some time with China and the US.
When this happens in a company, a company chooses to launch a new product or way of producing this product because of the high cost and effort of repositioning an old product.
In our case, a dollar and yuan attached to a fixed rate of gold would balance out our trade relations.
Traders are now positioning themselves for either way the market goes at this point.
Bottom line, changes are coming, and they have already began.
When you begin to reposition a market enviornment to bring out different behaviors. It is called a RESET. Sam Oliver