Chinese Yuan-Retail Sales-Manufacturing (Markets up on more bad news Part 2), Building Wealth, Investing, Retirement, Stock Trading, Freedom, Liberty, Life, History

Episode 158: (Part 2) Bad news is again good news on Wall Street…the indexes were up 1% yesterday on news of slowing US manufacturing and the hint of more stimulus from the European Central Bank...after Fed comments about a strong economy the market was down 1% today. The IMF will include the Chinese Yuan (RMB) in their basket of currencies…and why shouldn’t they? China is the world’s second largest economy but the Yuan accounts for only about 3% of currency transactions. Ignore the gloom & doom prognosticators that spread fear about the US Dollar losing its status as THE reserve currency- the US Dollar is at an 8 month high and headed higher [I remain long the US Dollar.] For the foreseeable future, English will remain the global language of choice and the US Dollar will remain the currency. [Bitcoin or another crypto currency is more likely to replace the US Dollar than the Yuan.] Brick & Mortar Retail sales were flat and online sales up…that shouldn’t be a surprise to anyone but the Media that want to hype the obvious. US Manufacturing is slowing and at its lowest level since 2009 (as is Gold)…Wall Street closed UP on the bad news- sure of more easy monetary policy from the Central Bankers. Doc Gunn review of Foxy Tuck holster: http://libertyfoxdefense.com/doc-gunn-reviews-foxy-tuck-holster/ -------------------------------------------------------------- 10 Wealth Building Principles: https://www.wealthsteading.com/category/wealth-building-principle/ Full archives are available at: https://www.wealthsteading.com ------------------------------------------------------------- Subscribe to the Wealthsteading Podcast: via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 via STITCHER: http://www.stitcher.com/s?fid=53115&refid=stpr Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2015 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah. --------------------------------------------------------------