Rodney Johnson | Thursday, November 8, 2012 >>
It really doesn’t get any better than this!
I peeked into the Renaissance International Tampa Plaza Hotel conference hall this morning at 7:30am. Some people were already in their seats and there was still a full hour before we were due to start.
I had to hustle out to a private meeting room to have breakfast. When I tried the main restaurant I couldn’t eat. Too many people came up to ask questions.
I enjoy the subject and I enjoy the conversation, so I don’t turn people away and end up not eating! But a man’s got to eat if he’s going to match the success of the first day of Demographics School so I snuck in a few bites.
And am I ever glad I did…
Yesterday was filled with questions and “Aha!” moments. By the time Harry got up to speak I could tell that people felt wrung out.
That’s okay. He re-energized the room! Harry’s like bottled lightning. Once uncorked, you never know where he’s going to strike. By the time the cocktail party rolled around we all wanted to relax… sort of.
The attendees wanted to relax AND continue grilling me and Harry for the next two hours. That was okay as well. As I said yesterday, we own the information and we love what we do.
But today was even more interesting for two reasons. First, we put the puzzle pieces together…
Economic theory applied to reality.
Bad ideas tossed to the floor.
Poor government policy identified as something to be avoided or used to our advantage.
The real nature of the economy, moving through the predictable stages of a debt bubble deleveraging, outlined and our progress marked.
We talked about the hurdles we still face…
And the incredible opportunities that lie ahead. This included…
… That our children will NOT have the bleak future so many are forecasting!
Yes, there are structural issues to address, but this is not the time to bury your head in the sand and pine away for easier times.
I mentioned there were two reasons why today was such a resounding success. The second is this…
We now have the election behind us and, just as we thought, we got… nothing. Or should we say, we got nothing that addresses the matter at hand.
With 2% tepid GDP growth, weak employment data and falling world trade, the biggest question is not “Who’s in the White House?” but “What taxes go higher on January 1?” It won’t be all of them, we know that, but it will most likely be at least the 2% Social Security tax hike on all earned income.
Why did this fit into our conference? Because if the average working Joe has his already diminished paycheck cut by 2% on January 1, then how much can he spend on January 2? The answer is, “Less.”
Now multiply “less” across the 140 million working Americans and see what that means for our economy…
Without a doubt, the discussions we had today were some of the liveliest we’ve ever enjoyed. Tax policy, government spending, Fed policies, ECB policies, risk on and risk off portfolios… no topic is off limits!
And the conversations at the end of this conference, which wrapped up at noon, will certainly continue the trends from today. This is why Harry and I take such pleasure in meeting our subscribers!
This Demographics School certainly has been our best one yet. The interaction we had with attendees was second to none. The feedback and comments from the people we met is already overwhelming.
So that you too can benefit from everything we did over the last two days, we are preparing the audio recordings for you. We’ll make these available in the next few days. Pre-order your copy now.
P.S. We’re only making the Demographics School audio available for a few days. Be sure to secure your copy before midnight on Monday, November 12.
Ahead of the Curve with Adam O’Dell
Don’t Panic In a Market Correction Like This
While Harry and Rodney tackle global economics, it’s my job to stay on top of the markets.