Today's Tids Issue 5,334
Huh?:
Well, the world changes today, right? Nah, things aren’t what they used to be. People go regardless of the season. Getting away is part of the new human psyche. People don't work 9 to 5 from Monday through Friday anymore. Yes, the world isn’t revolved around human needs any more, just marketer's aspirations. Get in your auto, plane or train and go somewhere. Bring credit cards. Yes, populations are manageable pawns. So basically, as I look around me I can honestly say, don’t be surprised by anything. Because more than ever, something you don't expect is going to happen.
NK’s Kim and Russia's Putin are meeting this week. Kim wants Nuke subs and Putin wants more weapons to use against Ukraine. Regardless of their wants, it isn't a good new axis for the rest of the world. Throw in China sitting in the background, and worrying about whether or not you’re first in line to see Barbenheimer seems pretty irrelevant in the grand scheme of things.
Last week I entered my big supermarket only to find a display of freshly baked... Halloween Cookies. Won't they be a little stale two months from now? But don't give them to costumed kids on the big night because retaliation might not be pretty.
Our favorite resourceful TPL tells me that his new drive-through garment repair shop is called Tailor Swift!
The Question:
A financial Assistance guidance company called “Smart Asset” took the time to find the top 5 Financial advisors in the country. These are the "Bigs”. There are many may small local Finacial advisors who are just top rate. So don’t let this sway you form your current satisfaction. A couple of the keys to this list is the high rate of individual investors opposed to Institutional investors and low adviser to client ratio to produce the higher rankings. See if you can name one of the top five.
The Headlines:
--After Labor Day Markets Open Mixed; Nas Hangin’, Dow Droppin’ in Late Morn.
--Congress Returns; Shut Down, AI Impeachment Among Other Issues on the Calendar.
--Jill Biden Has Covid; Prez Ok.
--Giant China eCommerce Company Sets Sights on European Auto Markets.
--Philadelphia Police Chief Resigns in Wake of Crime Wave.
Americans are appalled at more and more these days, and from what I hear, one of the most appalling are the smash and grab, in your face honest hardworking retailer, in broad daylight robberies. And it seems the person most in trouble with the law would be the honest person who takes steps to stop the marauding thugs.
The Markets are basically aimless today. Which is about what we should expect the day after the summer officially ends. Although this first week in September there is a lot more to figure out before going forward.
The biggest crime being perpetrated in America these days is that campaigning politicians do see the explosion of pervasive crime as one of the major issues for all Americans, except the criminals.
Speaking of crimes, Washington Post reported the Committee for a Responsible Federal Budget is projecting a doubling of the Federal Deficit this year over last year. (It’s called runaway spending.) "A debt growing much faster than the economy will drive up interest rates, reduce economic investment, and over time make interest payments the largest federal expenditure — risking a federal debt crisis," Manhattan Institute economist Brian Riedl told the Post.
Be still my beating heart. He Tids crack sports department is revved up to begin another season of NFL Picks. I hope you are all sitting on the edge of your chairs awaiting the first football pickin’ issue on Thursday. No odds here for gamblers. I don’t understand odds. I don’t understand gambling.
And as we see this warning, we see politicians promising big spending in the years to come... so they can get the votes. No politician wants to be the one who tells the kids “No”.
Some of the biggest crime activities of the last several years centered around free Covid dollars and fraud. Authorities don’t seem shy about catching them.
The Answer:
Number one is Fisher Investments with $208.9 Billion. Next are Captrust - $655 Billion, Mercer - $34 Billion, Madison Investments - $19.4 Billion and Summit Rock - $21. 7 Billion.
Speaking of Billions, here is an example of a tune that became a financial empire. Yes, a tropical rock singer turned island fantasies into a way of life for many making him the wealthiest of all singers at over a Billion dollars versus the next two mere multimillionaires, Springsteen and Jagger.
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