US Economy Bounces Back And Stock Markets Rally, But Crash Is Coming

US Economy Bounces Back And Stock Markets Rally, But Crash Is Coming 

The US economy expanded at its fastest rate in decades last year as it bounced back from lockdowns.

Official figures from the Commerce Department revealed that the economy grew by 5.7% and by 6.9% in the last quarter – the highest growth since 1984.

However, the US Federal Reserve announced this week that a rate rise is 'appropriate' soon, while analysts expect growth to slow this year, due to government scaling back stimulus spending.

Rising inflation, new Covid variants, such as Omicron are further threats to the economy.

The World Bank forecasts that the US economy will grow by 3.7% this year, while OECD said the UK’s GDP will grow by 4.7% in 2022 and is almost back to pre-pandemic levels.

Major stock markets have been sliding in January, with the Nasdaq down 13.35% and Dow Jones 5.06% in the last month but have so far resisted a correction or full-blown crash.

Billionaires like Elon Musk have been dumping billions of dollars of their own stock, a sure sign that they know the party is over.

We are living in volatile times. shares are overpriced, central banks have printed money like there’s no tomorrow, inflation is reaching levels not seen since the 1980’s, Russia could be about to invade Ukraine and China is watching the west while it eyes Taiwan.  

Seek independent advice on what to do with your own portfolio or pension cash.

What is your personal inflation rate?

The UK official inflation rate is 5.4%, but essential items such as fuel, food and household items are up by as much as 50%.

This means for a family on low income the impact is worse because they spend a higher proportion of their income on food and other essentials.

Official inflation figures include luxuries together with items like caravans, flower vases, leggings, and cycle helmets, which most people do not buy on a regular basis.   

Supermarkets have also reduced the number of value items they sell, as well as special offers like two-for-one deals.   

Shoppers are flocking to discount stores like Lidl and Aldi, which are both expanding fast.  

Pensioners are also suffering because the pensions are rising by less than the real cost of living increases.   

New immigration identity checking system for landlords and employers.

UK net migration will account for all the population growth of the UK in the future as the number of the people living in the country swells to 70 million by 2030 official figures reveal.

The Office for National Statistics (ONS) projections indicate that the population will rise by 2.1 million by the end of the decade from the 2020 count.

Increased immigration will raise the UK population to 69.1 million by mid-2030, resulting from of a net inflow of 2.2 million migrants, 6.6 million births and 6.7 million deaths.

The Home Office seems powerless to deal with hundreds of migrants entering the country illegally crossing the channel on ever larger boats supplied by criminal gangs, but are cracking down on employers and landlords.

The Home Office has recently announced a new digital ID checking tool for landlords and employers to help prevent abuse of the UK immigration system.

A press release published on the UK government’s official website, the technology will ‘make it quicker, safer and more convenient for landlords and employers to carry out right to rent and work checks. 

The checking system will start on 6 April 2022 and certified identity service providers (IDSPs) will be able to use Identification Document Validation Technology (IDVT) to carry out right to work checks and right to rent checks on behalf of UK and Irish citizens. Source: Work Permit.com

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Brexit hits UK economy says new report

A new report claims that Britain's ‘Brexit’ vote to leave the EU has caused a "dramatic deterioration in economic activity”, which the BBC has compared to the last financial crisis.

Recently published data from IHS Markit's Purchasing Managers' Index, or PMI, shows a drop to 47.7 in July, the lowest level since April in 2009. A reading below 50 indicates contraction.

In plain English, managers who buy stuff for companies are ordering a little less stuff.

Manufacturing and service sectors saw a decline in output and orders, but exports picked up, driven by the weakening of the pound.

You might ask how the report concludes that we are producing less and exporting more?

More than 650 services companies, from sectors including transport, business services, computing and restaurants were surveyed for the report.

They were asked: "Is the level of business activity at your company higher, the same or lower than one month ago?" And manufacturers were quizzed as to whether production had gone up or down.

The PMI is the first major report to measure business reaction to the result of the UK referendum held in June when 17 million people voted to leave the EU.

Bearing in mind it has been just over a month since the vote, during which time we have had a new Prime Minister and reshuffled Cabinet, it is far too early to judge whether or not Britain will grow outside the EU. After all, we are still in the EU!

New Home Secretary Amber Rudd said she would get immigration down to "sustainable" levels, which appears to abandon the previous administrations "tens of thousands" target.

Earlier this week in Germany Prime Minister Theresa May said she will not trigger the ‘Article 50’ leaving process this year, and the Brexit Secretary David Davis said the UK will not be out of the EU until 2018.

Other reports suggest that there will be no dramatic post-EU decline in Britain. This week a Japanese firm announced a deal to invest £24 billion in the technology firm ARM, and said that the Brexit vote made no difference to their decision.

This week, I spent some time in Trafalgar Square (see photo above) in central London and Covent Garden, and it was literally rammed full of tourists. Admittedly, this is the middle of summer, but I have rarely seen London so full of visitors spending their Dollars and Euro's, which now go a lot further with a lower Sterling Pound rate of exchange.

Life will go on with or without the European Union.

The stock market has recovered from early falls (but will always go up and down) and ends the week up, base rates have remained at half a percent and the weak pound is having massive benefits for tourism and exports.

The UK has always been an innovative and industrious nation, and has survived bigger issues than leaving the EU - not EUROPE. We will survive and adapt to the changes ahead and you too can live the life you want regardless of who is running the economy.

The key message for you, or even a business or a country, is to keep developing and never stop learning. One of my mentors, the late Jim Rohn, always talked of making changes to your inner world to change what’s going on in your outer world. Jim said: 

“If you will change, everything will change for you”.

If you enjoy motivational material, you might be interested in The Abundance Factor, a free movie featuring Bob Proctor, T Harv Eker and Dr Joe Vitalie.

The internet and digital age, or digital economy, has opened up a whole new world of learning and development. You no longer need to go back to school or university to learn new skills. At the click of a mouse, you can now find everything from a short instructional video to a full degree course online at a fraction of the previous cost. If you would like more information on a free course on how to survive and thrive in the digital revolution and discover the truth about making money online, click here.

Funny Theresa May Protester Outside 10 Downing Street

Funny vidoe of Theresa May protester outside 10 Downing Street where the PM lives and works...yes, she works from home!

In terms of the EU referendum vote in June, Theresa May has stuck to her words: "BREXIT means BREXIT"!

The UK will leave the UK by December 2018, the newly appointed Brexit Secretary David Davis has announced. Euro sceptic and leave campaigner Davis will lead negotiations with EU leaders.

The straight talking leader has confounded her critics by making decisive cabinet changes,including the surprise appointment of the leave campaign leader Boris Johnson as Foreign Secretary. She has also offered reassurance to EU migrants living and working in the UK.

With the real Theresa May 

The leave process will take years...but life goes on for us in the meantime

  

Some say it could take six years, others claim it will never happen or the EU will collapse! Who really knows? In the meantime, life goes on for the average person and nothing will change dramatically on a day-to-day basis. The stock market has recovered from early falls, base rates have remained at half a percent and the weak pound is having positive benefits - increased tourism and exports - as well as some negative effects.

The UK has always been an innovative and industrious nation, and has survived bigger issues than leaving the EU. We will survive and adapt to the changes ahead and you too can live the life you want regardless of who is running the economy.

The overall trend towards a knowledge-based, digital economy has not changed. The future is here and we are all going to have to learn new skills in order to adapt to the new technological age.

Don't take my word for it, just look around and see for yourself how many manual and skilled technical jobs can now be done by computers. Even hands-on jobs such as care and nursing can be done by a new wave of robots under development in Japan right now. This is not science fiction and if you really want to be scared the hell out of, watch the video Humans Need Not Apply.

In nature, only those species which were flexible and adaptable survived catastrophic changes, such as the ice age or meteors crashing down on earth. Think of the dinosaurs, which once ruled the planet.

Humans are, of course, the most adaptable of all animals. As the late Jim Rohn said, we can change our direction and lifestyle in an instance, unlike animals which rely on instinct. One way to become more adaptable is to keep learning. It is no longer enough to go through life with a high school diploma or degree.

If you feel something is holding you back from the abundance you deserve, watch the free movie: The Abundance Factor.

Fortunately, the internet has opened up a whole new world of learning. We no longer need to go back to school or university to learn new skills. At the click of a mouse, you can now find everything from a short instructional video to a full degree course online. If you would like more information on a free course on how to survive and thrive in the digital revolution and discover the truth about making money online, click here.

Britain will be out of EU by December 2018 says Brexit Secretary as life goes on in the digital economy

The UK will leave the UK by December 2018, the newly appointed Brexit Secretary David Davis has announced. Euro sceptic and leave campaigner Davis will lead negotiations with EU leaders.

Despite fears that when a remain campaigner became Prime Minister this week the leave process would be stalled, Theresa May has stuck to her words: "BREXIT means BREXIT"!

The straight talking newest female leader has confounded her critics by making decisive cabinet changes,including the surprise appointment of the leave campaign leader Boris Johnson as Foreign Secretary.

Mrs May has now set up a department outside of the Foreign Office to specifically deal with the complex negotiations and process of leaving the European Union, which is expected to take two to three years. Other commentators claim that it could take up to six years to unravel the multi million word treaties and trade deals that have built up over the last 40 years.

This would give ample time for current EU migrants to establish residency in this country should they wish to do so. One thing is for sure, there will be no mass deportation of EU citizens already living in the UK. In fact, Brexit critics argue that there will be no significant reduction in immigration to the UK from Europe and some predict it will increase.

NHS hospitals are still recruiting non-EU nurses - with IELTS 7.00 and initial NMC registration - from the Philippines and other countries to fill job vacancies in the UK.

Adapt to survive

  

In the meantime, life goes on for the average person and nothing will change dramatically on a day-to-day basis. The stock market has recovered from early falls, base rates have remained at half a percent and the weak pound is having positive benefits - increased tourism and exports - as well as some negative effects.

The UK has always been an innovative and industrious nation, and has survived bigger issues than leaving the EU. We will survive and adapt to the changes ahead and you too can live the life you want regardless of who is running the economy.

The overall trend towards a knowledge-based, digital economy has not changed. The future is here and we are all going to have to learn new skills in order to adapt to the new technological age.

Don't take my word for it, just look around and see for yourself how many manual and skilled technical jobs can now be done by computers. Even hands-on jobs such as care and nursing can be done by a new wave of robots under development in Japan right now. This is not science fiction and if you really want to be scared the hell out of, watch the video Humans Need Not Apply.

In nature, only those species which were flexible and adaptable survived catastrophic changes, such as the ice age or meteors crashing down on earth. Think of the dinosaurs, which once ruled the planet.

Humans are, of course, the most adaptable of all animals. As the late Jim Rohn said, we can change our direction and lifestyle in an instance, unlike animals which rely on instinct. 

One way to become more adaptable is to keep learning. It is no longer enough to go through life with a high school diploma or degree.

Fortunately, the internet has opened up a whole new world of learning. We no longer need to go back to school or university to learn new skills. At the click of a mouse, you can now find everything from a short instructional video to a full degree course online. If you would like more information on a free course on how to survive and thrive in the digital revolution and discover the truth about making money online, click here.

See also:

Uber offering free English courses to migrant worker drivers

Immigration Act 2016 - main highlights in a nutshell

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