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THE DAILY MISSIVE

The Daily Missive

Getting Your Ducks In A Row

By August 8, 2022February 8th, 2023No Comments


“The most important quality for an investor is temperament, not intellect.”

— Warren Buffet

 

Addison WigginDear Reader,

I suppose the question is not if, but when.

The bell rings recession. Some people dare not even whisper its name – the R-word! The R-word! – for fear of speaking it into existence. Others say we’re in deep already, and Biden put us here.

The fact that we’re all talking about it around a dinner table at a fine dining establishment… means it can only get worse.

Perhaps, the air is thick with apprehension. But generally, the kids are alright.

That is the nature of fear and crowds. It is so dependent on how other people feel.

If you’re afraid, then I’m afraid.

The stock market opened high today as the folks on Wall Street look to build on three weeks of gains. It seems we have caught a second wind.

Naturally, we continue to pull out our credit cards and spend our way through the “recession.”

And that’s the issue isn’t it.

The distraction of consumerism has created a type of attention deficit disorder. Wall Street, big and shiny, continues to wow us with its resilience.

Hence, the mixed messages from the White House:

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Those of us with our ducks in a row are laughing at everyone blowing bubbles.

Joel Bowman, at Bonner Private Research, on the R-word, or whatever we choose to call it through a mouthful of chicken:

In the end, honest people will decide for themselves the weight of a word and whether they are being deceived by their self-serving leaders. It is during these times we call to mind the words of Mr. Thomas Jefferson: “It is error alone which needs the support of government. Truth can stand by itself.”

More to come this week, on how to navigate this uncertainty with Lifetime Income Report’s Zach Scheidt. Keep an eye out… And please, for God’s sake, don’t panic.

So it goes,

Addison Wiggin

Addison Wiggin
Founder, The Wiggin Sessions

P.S. My friend Jud calls the new $370billion dollar bill signed by Senate Democrats – designed to move the country away from fossil fuels and toward solar, wind and other renewable energy sources – a mini Build Back Better. Jim Rickards, not one to mince words, calls it “Build Back Worse.” Cleverness out the window: what Biden terms “wealth creation” is nothing more than another attempt at blowing a new bubble. Call it “wealth destruction,” rather.

Addison Wiggin

Addison Wiggin Addison Wiggin is an American writer, publisher, and filmmaker. He was the founder of Agora Financial and publisher for 18 years. An acclaimed New York Times best-selling author, his books include: Financial Reckoning DayEmpire of DebtThe Demise of the Dollar, and The Little Book of the Shrinking Dollar. Addison is also the writer and executive producer of the documentary I.O.U.S.A., an exposé on the national debt, shortlisted for an Academy Award in 2008. He lives in Baltimore, Maryland with his family. Addison started his latest project, The Wiggin Sessions, powered by The Essential Investor, in March 2020. He films from a homegrown studio in his basement.