If youâre a pilot on a plane, you look at your instruments and listen to the tower and your ground crew. But who knows where the storms are going to go or how violent they will be. The best you can do is look at where the storm has been⦠and where itâs likely to go. Then trust what information you do have.
â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â July 18, 2023  |  [View Online]( |  [Sign Up]( Safe Harbor (Amid Tornadoes) âA ship in port is safe, but that's not what ships are built for.â â Grace Hopper Dear , âPlease, fasten your seatbelts,â the flight attendant said pleasantly enough. âWeâll be starting our initial descent to Indianapolis airport.â Trouble is, we werenât meant to be landing in Indy. It was mildly annoying enough that there wasnât a direct flight from Baltimore to Memphis. The plane was meant to land at Midway Airport in Chicago where Iâd transfer to Memphis and join friends and colleagues at Mark Skousenâs FreedomFest 2023 âThe Soul of Libertyâ extravaganza.  Bad weather in Chicago changed our flight plans. And Iâll say, during some 30 odd years of flying, both long and short hop, it was the first time Iâve been on a plane that had to clear the runway below to get gas. What happens over the next 72 hours is a lesson, not just in air travel, but the travails of trying to forecast anything: the weather, flight times and arrivals⦠economic recessions, stock prices, political movements⦠the taste of a new sauvignon blanc. POWERED BY BIRCH GOLD GROUP Bidenâs H.R. 5376 Can Be a Nightmare for 401(k) and IRA Savers
Joe Biden couldnât get his âBuild Back Betterâ bill passed last year because everyone knew it would cause more inflation. So he stubbornly pushed it through Washington in âH.R. 5376â. [Click here to learn more](. CONTINUED... The flight I was on stayed on the ground for an hour and a half in Indianapolis. The pilot assured us we were only waiting in line for gas, like the â73 oil embargo pictures we see in history books, but this time it was the plane in which I was on, half asleep in row 3, aisle. Of course, I missed my connecting flight. We made it to Midway just in time for the airport to get shut down. Tornadoes were reported touching down in the area, one just a mile away. The airport went on and off lockdown for 10 hours. My rescheduled flight didnât leave until 1am the next day. I arrived at my hotel in Memphis at 4am. As a crow flies Baltimore to Memphis is 2 hours in a headwind. It took me the lionâs share of 24. Thereâs a distinct benefit to this kind of suspension in time. I read through 33 pages of a Marc Faber, [Gloom Boom Doom Report (GBD)]( Iâd been holding on to. If you know Marc, heâs brilliant but like a good forehand in tennis you have to take your time with it. Julyâs GBD topic is the origin of the âWokeâ movement, how its attributes are eerily similar to Marxist revolutions across Europe and Asia through the past two centuries and how the tenets marking the movement now are deeply rooted in modern American academia. And why not? Itâs fun reading while the public announcement system (PA) in the terminal is frantically warning curious onlookers and parents with small children to get away from the windows and evacuate to the center part of the airport. Some parents even reacted. From where I sat, a woman cried as she ran with her children. A decent amount of otherwise passive travelers heeded the PA warning and walked briskly toward the people movers, checking their bags or personal belongings. A minority sat where they were, watched⦠and sipped their beverage of choice. After reading another longish investigative report on the rise and fall of Sam-Bankman Friedâs doomed crypto platform, FTX, I stretched my legs a little, and chose another seat. There, I believe I cleared several hundred emails Iâd flagged since January or so. After that, mind bleary, there wasnât much to do but watch people react to public stimulus from their phones and the television monitors in the terminal. The closest tornado touched down about a mile south of the airport⦠or so we were being told. POWERED BY DEMISE OF THE DOLLAR CONTINUED... All was quiet in the terminal after that as if nothing had happened at all. Of course, there was the oft-frustrated father, seizing his chance to be a hero to his family, yelling at a ticket agent as if the tornadoes were summoned by wizards in the back rooms of the ticket office. âHow strange,â I thought simply. âWeâre all reacting to imperfect information.â If youâre a pilot on a plane, you look at your instruments and listen to the tower and your ground crew. But who knows where the storms are going to go or how violent they will be. The best you can do is look at where the storm has been⦠and where itâs likely to go. Then trust what information you do have. Forecasting the markets or economics is much the same way. The information you get is all imperfect and subject to someone elseâs interpretation. How well do you know what happened in prior storms? Or whatâs leading up to this one? Who do you rely on for guidance around other airplanes in the air? How well do you know your sources on the ground? How you then act, intrepid reader, is up to you. We can look at the Fedâs next rate hike decision or an impending recession because of an âinverted yield curveâ; momentum trade Nvidia because the next tech bubble is upon us; or judge what impact consumer sentiment is going to have on S&P 500 earnings and your income investments⦠But in the end, what you have is a monitor with your actual flight information and a forecast to tell you where the next storm might go, as imperfect as that information might be. Follow your own bliss, Addison Wiggin The Wiggin Sessions P.S. FreedomFest was a treasure of speakers who are concerned with the erosion or outright violation of the Bill of Rights and the Constitution. These are trends, should they continue, that are easy to predict. Theyâre ultimate end is not good for you or me. More on specifics from Memphis to come⦠stay tuned. P.P.S. Hereâs another fun fact. Whiling away time in an airport on lockdown because of tornadoes is probably rare enough to expect once in a roundtrip excursion. But no. Jennifer and I (sheâd flown out to join me for a weekend of blues, ribs and a bit of Americana) got stuck on our return trip to Baltimore in the Tampa airport for six hours due to extreme Gulf thunderstorms. I havenât done the math but itâs possible I spent more time in airplanes, at the airport and in a rental car than the entire time at FreedomFest. That said, it was totally worth it. Nice job, Mark and Co., if youâre reading. POWERED BY INVESTING DAILY Secret behind reclusive millionaire's 8-year win streak revealed Seven years. That's how long this reclusive millionaire has been using his secret trading strategy. And despite all the volatility and uncertainty of the last few yearsâ¦â¦he still hasn't closed a losing trade since July of 2016. I've cornered the man behind this secret and got him to reveal on camera exactly how he has done it. This is the can't-miss interview you need to see to believe. [Click HERE to watch it for yourself.]( # The Daily Missive from The Wiggin Sessions is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to The Wiggn Sessions delivering daily email issues and advertisements. To end your The Daily Missive from The Wiggin Sessions e-mail subscription and associated external offers sent from The Daily Missive from The Wiggin Sessions, feel free to [click here.]( Please read our [Privacy Statement.]( For any further comments or concerns please email us at feedback@wigginsessions.com. If you are having trouble receiving your The Wiggin Sessions subscription, you can ensure its arrival in your mailbox by [whitelisting The Wiggin Sessions.]( © 2023 The Wiggin Sessions 808 Saint Paul Street, Baltimore MD 21202. 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