All newsletters Things That Caught My EyeDraft Day!It’s the first day of the NFL draft, meaning that enormous financial concerns are about to publicly gamble in prime time television, which is always pretty cool. Penn State’s Saquon Barkley is the top running back prospect in this year’s draft and will likely go very early in the evening. But a team betting on a workhorse running back isn’t always the sure bet it was once considered. From 2006 to 2015, there were only three running backs drafted in the top five, and to some extent they never really panned out for their teams. Since then, we’ve had the phenomenal Leonard Fournette and Ezekiel Elliott going each at 4th. Barkley could join them if he joins the Giants at No. 2 or Browns at No. 4. [FiveThirtyEight]‘The Blind Side’ is overIn the aftermath of “The Blind Side,” which extolled the virtues of the left tackle position and lead to a commensurate skyrocketing to the value of those players, teams appeared to undervalue guards compared to tackles. In the 32-team era, 62 tackles were drafted in the first round of the draft compared to 14 guards. That may be changing, since 2013 the total value of draft picks for left tackles has been essentially in free fall since the post-2006 highs. [FiveThirtyEight]Oldest sport adapts to new realitiesThe International Association of Athletics Federations, which governs the world of track and field, will implement new regulations regarding testosterone levels for elite female athletes. Most women have testosterone levels ranging from 0.12 to 1.79 nanomoles per liter, while most men have 7.7 to 29.4 nanomoles per liter. The regulations — which will undoubtably fuel controversy from literally every angle, and that’s okay — will impact women who have testosterone levels above 5.0 nanomoles per liter, and would require them to choose between hormone therapy, not competing internationally, or competing against men. [The New York Times]Try out our interactive, Which World Cup Team Should You Root For?Winnipeg, city of miseryA new calculation for the quantified metropolitan sports misery score that counts not only the NFL, MLB, NBA and NHL but also the MLS and Canadian Football League puts the Canadian city of Winnipeg over perennial sports drought cities like Cincinnati and Buffalo to have the most yearning-for-a-win fans. [The 10 and 3]Tsunami of corruptionA draft report published Wednesday by the Independent Review of Integrity in Tennis follows up on earlier investigations from the BBC and BuzzFeed to find evidence of match-fixing in the sport, particularly at lower levels. The report found 20 unnamed high-level players who lost at least one suspicious match from 2005 to 2008. [BuzzFeed]World Cup getting called from statesideFox Sports is rolling out details about its play calling teams for the forthcoming FIFA World Cup in Russia. Given the lack of an American presence at the cup — the United States failed to qualify — Fox elected to pare back its footprint in Russia proper and will have only one of five announced crews actually in Russia. [World Soccer Talk, The Associated Press]Big Number(s)161.4Looking at a stat called five-year approximate value, the hoarde of valuable draft picks held by the Cleveland Browns is truly formidable. Overall, the Browns have a total draft expected value of 161.4, which is head and shoulders above their nearest competitors, the Bills (124.3), Colts (122.1) and Broncos (116.4). The Browns are poised for a guaranteed consequential couple of days, for better or for worse. [The Washington Post]Leaks from Slack: neil:MLB Now talking about 8 teams currently being on pace for 100+ losses…. wonder how that compares to other seasons via something more rigorous like Elo?natesilver:we have two teams projected for 100+, and 2 more for 99plus one at 97 and one at 95seems like a lot for this early in the seasonneil:TankFest ’18Predictions NBA Oh, and don’t forgetThe past few weeks of the Overwatch League have been outstanding We’re launching a sports newsletter. 🏆 Join the squad. Subscribe See more NBA predictions
Pitching. It’s a common denominator in baseball. Everyone from high school coaches around the country to major league managers often claim pitching as the No. 1 reason why they’re succeeding or failing.The Ohio State baseball team is no exception. While the Buckeyes appear to have a strong, balanced lineup and an athletic team in the field, questions surround the pitching staff. OSU returns its top two starters and top setup man, but doubts remain regarding the rest the Buckeye pitchers. Of course, OSU has one pitcher they can rely upon.The numbers junior right-hander Alex Wimmers put up last season were quite remarkable. The 2009 first-team All-American and Big Ten co-Pitcher of the Year went 9-2 and led the Big Ten with 136 strikeouts last season. Wimmers held batters to a .211 batting average and opposing batters hit a measly .193 against him with two outs.Furthermore, on May 2 against Michigan, Wimmers fanned 14 Wolverines and threw the first nine-inning no-hitter in the 125-year history of OSU baseball. Wimmers worked hard in the offseason to prepare to shoulder the load again for the Buckeyes.“Conditioning-wise, I improved my stamina, I worked hard in the weight room,” said Wimmers, a projected first-round pick in June’s MLB draft. “What I like to do is to put a lot of pressure on myself in carrying this team. I do the best I can and try to stay in there as long as I can on Friday nights to set the pitching for the rest of the weekend.”The 2010 preseason All-American and undisputed staff ace has some lofty goals for the upcoming season.“I want to repeat as [Big Ten] Pitcher of Year. I’d like to lead the country in strikeouts if I can,” Wimmers said. “I want to limit my walks and have an ERA under three.”Coach Bob Todd, in his 22nd year coaching the Buckeyes, admits he might have to rely a bit more on Wimmers this season given the pitching staff’s uncertainty.“We’ve talked about that. We’re never going to do anything to hurt him. He’s got too much of a bright future,” Todd said. “If we can nurse an extra inning or so out of him, we’re certainly going to do it. It’s all going to depend on pitch counts, especially earlier in the season.”Anchoring the No. 2 spot in the rotation is junior Dean Wolosiansky. The 6-foot-5-inch, 225 pound right-hander went 11-2 last season with an ERA of 6.04. However, Wolosiansky is 12-2 in his career in conference play and has shown a knack for escaping trouble, as he induced 14 double plays last year.The Buckeyes lost a big piece of their bullpen from last season with the departure of senior closer Jake Hale. A first-team All-American who was drafted in the 27th round of last June’s draft by the Arizona Diamondbacks, Hale saved 18 games last year for OSU. Hale also had an ERA of 1.31 and struck out 67 in 55 innings pitched.For now, Hale’s replacement will be right-hander Drew Rucinski. Last season, the junior led OSU with 12 wins and was second in the Big Ten in appearances. Todd thinks Rucinski could contribute in a number of roles.“For the first couple of weeks he is going to be our closer, [however] at some point in time he might be our No.3 starter.” Todd said. “We used him as our setup guy last year, so he’s really been flexible. We feel comfortable wherever we put him.”The team might also have to rely on younger players to eat up innings during the season. Brett McKinney, a freshman right-hander from Hamilton, Ohio, who impressed coaches during last fall’s Scarlet and Gray World Series, might see substantial action early in the season.“McKinney is going to be the key.” Todd said. “You never know what you’re going to get out of freshmen, but what he showed us in the fall is that he is going to have a chance to contribute and contribute quickly.”
Kolkata: Telangana Chief Minister and TRS chief K Chandrashekhar Rao met his Bengal counterpart and Trinamool Congress supremo Mamata Banerjee on Monday and said that the dialogue over formation of a Federal Front for the 2019 Lok Sabha elections will continue.”Our dialogue will continue and very shortly we will come out with a concrete plan. We are discussing things…a non-Congress, non BJP front is my mission. I will continue my efforts,” Rao said after meeting Banerjee at the state secretariat Nabanna. Also Read – Rain batters Kolkata, cripples normal lifeHe reiterated that an alternative front to the Congress and BJP-led alliances is not a small matter. “Wait for the right time. The dialogues will continue,” he told reporters with Banerjee and some senior ministers of the state government beside him. Rao, popularly known as KCR, has achieved a resounding victory in the recently-concluded Telangana Assembly polls, and is now working on forming an alternative coalition front ahead of the 2019 general elections. He had also met his Odisha counterpart and Biju Janata Dal (BJD) chief Naveen Patnaik, at his residence in Bhubaneswar on Sunday. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedThe TRS president would spend the next three days in New Delhi, where he would meet Mayawati and Akhilesh Yadav. Since he is visiting the national capital for the first time after the Assembly elections, he will also be making a courtesy call on Prime Minister Narendra Modi. It may be mentioned that Mamata Banerjee has been talking about the formation of the Federal Front from early this year. Chandrababu Naidu has already met Mamata Banerjee and on Saturday, Farooq Abdullah met her as well and discussed about the functioning of the Federal Front. Many national leaders who will join the Front will come to attend the Brigade Parade Ground Rally, scheduled to be held on January 19, 2019.
18Dec Rep. Runestad announces grant opportunities for Oakland County Fair Categories: Runestad News Rep. Jim Runestad today announced two grant opportunities provided by the Michigan Department of Agriculture and Rural Development (MDARD) for the improvement of fairground facilities and financial support for livestock expositions at the Oakland County Fair next summer.“These grants are a great opportunity to preserve and enhance such a cherished local tradition like the Oakland County Fair” Runestad said. “Farmers, families and visitors to our communities next summer would benefit from the continued investment in our county’s annual fair.”MDARD’s capital improvement program aims to provide additional funds to county fair officials for needed structural improvements to fairground facilities. The shows and expositions grant provides financial support and awards for expositions livestock and other commodities. Eligible applicants must submit their proposals to MDARD by Feb. 1, 2018 at 5 p.m., where all grants will be reviewed and selected by an evaluation committee.
In This Issue. * Big Ben keeps his word. * Gold soars $65 * Euros & Aussie up 2-cents! * Norges Bank turns hawkish. And, Now, Today’s Pfennig For Your Thoughts! No Taper, Markets Go Crazy. Good day. And a Tub Thumpin’ Thursday to you! Well, the risk that I kept reminding you about regarding the Fed not doing anything, came to reality yesterday afternoon. Aaron Stevenson, sent me a text that read, “are you seeing this”. Well, I wasn’t seeing anything but the underside of my eyelid at that moment, but waking up from the vibrating phone in my shirt pocket, and answered, “what?”. He replied, “no taper, markets are going crazy”. And there you have the whole story of what happened yesterday. No taper, markets are going crazy. As I told you a couple of weeks ago, “should Big Ben Bernanke follow his words, that the future of Quantitative Easing / QE, would depend on the incoming economic data, then there would be no tapering, and that would send Gold soaring”. Well, that’s exactly what happened. Big Ben decided to follow his words. Kudos to him! (I can’t believe I actually said that, but I did. ) How else can Big Ben get the markets to believe him if he doesn’t follow his own words? As I’ve chronicled here in the Pfennig, the economic data just wasn’t on a path that would give Big Ben a warm and fuzzy about tapering. For Tapering is akin to taking your foot off the gas, what happens to a car when you take your foot off the gas? It slows down. The signs were all there that he wouldn’t do anything, but I was convinced that Big Ben wanted to go out with a bang. Of course he still has 6 weeks from now to accomplish that, but right here, right now, that isn’t playing in the markets. What is playing is that the punch bowl has been brought back to the risk assets party, and so we’re going to party like it’s 1999! (there you go Jen. a Prince song, 1st time ever, and last I might add!) Gold isn’t the only asset class that is in the conga line at the party. There’s the non-U.S. dollar currencies, and Oil, and looky there, the stock jockeys have joined the conga line! The price of Oil shot up $2 on the no-taper news. The currencies were cooking with gas, which goes back to the last couple of days where they were well bid ahead of the FOMC meeting. The currency boys & girls seemed to have this whole thing right from the get-go. After the initial sell off of the currencies in May when the first mention of tapering was made, the currency traders just didn’t think Big Ben had the intestinal fortitude to take his foot off the gas. But in reality it wasn’t a lack of intestinal fortitude, it was simply taking a page out of the book by the Captain in Cool Hand Luke. What we have here is a failure to communicate. Go back to the original comment by Big Ben. He said that “the Fed was thinking about tapering QE”. I recall me going bananas the next morning, about how he DIDN’T SAY HE WAS GOING TO TAPER! And I didn’t understand why the currencies and metals were getting sold based on what Big Ben had said.. But the markets heard differently, and so we’ve been on this path toward yesterday’s FOMC meeting. In other words. All This Talk About Tapering, Should Have Never Taken Place! I’m sure Big Ben was doing a “Whoops, did I say that out loud?” song and dance when he got back to his office after that initial tapering talk. Yes, I got dragged into the trap. In my heart of hearts, I didn’t see how Big Ben could taper, given the economy, which I continually said that the Fed was being too optimistic about. But now. I can see clearly now, the rain is gone. So, for those of you not wanting to wait until you get to the currency roundup below, the euro is trading at 1.3550, more than 2 full cents higher than yesterday morning. Add 2 full cents to the Aussie dollar / A$ too. and so on down the line. The punch bowl has been brought back to the risk assets party (I know I already said that, but I said it again for emphasis!) and now the currencies get to party. So, yesterday, when I woke up from the vibrating phone in my shirt pocket, I turned on the TV to a financial news station to get their take, which I always, salivate ahead of time, because I know I’ll get to make fun of something they say. Well, I won’t make fun of this, but I will question it, as I’m known to do. A talking head on one of the stations said, “Well, no taper this time, but eventually this will all have to come to an end”. And I replied to the TV, of which my granddaughter, Delaney Grace, always tells me, “they can’t hear you, General”. but I do it anyway. I said to the guy on TV. “And you know this because? You know that it will have to end? What gives you that “expert knowledge” to say that? Maybe, just maybe, this will go on forever!” I mean, ask the Japanese about how long an economic malaise can last! And ask them how they feel about those initial stimulus and bond buying programs that began 20 years ago, now. Once you start these programs, they become like a drug that you can’t just go cold turkey on. So. as you know, I said that Fed Heads would begin tapering only to find out they shouldn’t have done so, and start it (bond buying / QE) up again. Well, they took out the beginning tapering, and just kept the bond buying / QE going. and going. like the Energizer Bunny. OK. Let’s talk about something other than the Fed. Big Ben. and Tapering. Well, I told you yesterday that the Norges Bank in Norway was going to meet today, and with the recent bump up to the top side of the inflation target (2.5%), that we could very well see / hear the Norges Bank Gov. Olsen, remove the easing bias, and begin to talk about rate hikes. And guess what happened? Exactly how thought it would happen! In fact the Norges Bank delivered a very hawkish statement, and now it appears that by June of next year, interest rates in Norway could be higher, if not sooner, given the performance of inflation recently. All that, is good for the krone, folks, which has been in need of some good news. And the Emerging Markets Currencies, which had also been in need of warm and fuzzy news, took the no taper news and ran with it all the way to the bank. I told you all about how the IMF’s head had sent messages to Big Ben asking him to think about the rest of the world, before taking his foot off the gas. The rest of the world here, were the Emerging Markets. As I said above, Gold soared on the news yesterday, up $65. I sure hope the price manipulators got caught short and it hurt them so bad that they are thinking of giving up the ghost on their shorts positions! So, that brings me to this question that everyone should be asking. Can we expect for yesterday’s price action to continue in the risk assets? Certainly not. These moves were exceptional, and don’t come along every day. But what it does, in my opinion, and I could be wrong, is form a higher base from which future moves can be made. I think that the metals and currencies can bet their sweet bippie that from here on out, their fortunes every day will be tied to the economic data here in the U.S. Because if Big Ben did anything yesterday, he enforced his words, and showed the markets he’s a man of his word. So, we can go back to the initial statement from Big Ben. “the future of Quantitative Easing depends on economic data”. This week I’ve highlighted some of the stuff that I said in the Review & Focus letters from 2002. The reason I did this, was to highlight that not much has changed in 11 years, the numbers just keep getting bigger and bigger. So, in this light, I thought one more from December 2002 played well here in talking about the U.S. economy. Here’s what I had to say in December 2002. “There are a number of questions hanging over the U.S. economy right now, and even though there are just as many hanging over the German economy, the market seems to hold the U.S. economy to a higher standard. Most of the bad news from the German economy seems to be discounted, and any bad news coming from the U.S. economy seems to get highlighted, which the dollar acting as the markets’ piñata!” – Chuck December 2002 The U.S. data cupboard has a few things for us today to go through. The Weekly Initial Jobless Claims, which you may recall I pointed out last week that 2 states, (California and Nevada) had failed to file claims the week before, so this week’s data should be caught up. Existing Home Sales for August, and the Leading Index data. And this will be it for data this week, as the data cupboard gets emptied out, and cleaned up before being restocked for next week. And before I head to the Big Finish. Did you see where Gold began to jump higher minutes before the official announcement of no tapering yesterday? So, who got leaked the news? Doesn’t this stuff just get under your skin? It does mine! I don’t like it when someone knows “ahead of time” something that will move markets. It just ticks me off! For What It’s Worth. A long time reader sent this story to me from the NY Times. It’s title is: Congressional Budget Office Predicts Unsustainable Debt. OK, I’ll take the bait on that! Of course you knew I would! So, let’s listen in to the CBO. “As the White House and Congress careen toward another fiscal showdown, the nonpartisan Congressional Budget Office warned on Tuesday that President Obama and lawmakers have been cutting the wrong kind of federal spending as they try to avoid the unsustainable buildup of debt that is projected in the coming decades. Annual federal deficits will continue to fall in the short term, the budget office reported in its yearly long-term outlook, because of the recent spending cuts in military and domestic programs and rising tax collections in a recovering economy. The report projected the deficit in 2015 to be equal to 2.1 percent of the economy’s output, or just one-fifth of the peak shortfall at the height of the recession in 2009. But starting in 2016, deficits are projected to rise again as more baby boomers begin drawing from Medicare, Medicaid and Social Security – the fast-growing entitlement programs, which Democrats and Republicans cannot agree on how to rein in.” Chuck again. Yes, those darn Unfunded Liabilities that I point out at every presentation that I make are scary folks. And they’ll just keep getting scarier and scarier. As baby boomers like me, begin to get close to retirement age. To recap. No Taper, Markets Go Crazy. That’s describes what happened yesterday in a nutshell. Chuck thinks that Big Ben had to show the markets that he was a man of his words, and that’s why he didn’t begin to taper QE yesterday.. Gold soared $65 on the news, and the usual suspects in currencies are stronger by 2-full cents. Norges Bank sounds hawkish, changing their easing bias, and all the risk assets have joined the conga line at the party. Currencies today 9/19/13. American Style: A$ .9515, kiwi .8420, C$ .9805, euro 1.3555, sterling 1.6090, Swiss $1.0995, . European Style: rand 9.6305, krone 5.7730, SEK 6.3120, forint 218.05, zloty 3.0845, koruna 18.9920, RUB 31.60, yen 98.85, sing 1.2440, HKD 7.7535, INR 61.91, China 6.15570, pesos 12.59, BRL 2.1845, Dollar Index 80.12, Oil $108.93, 10-year 2.71% (the bond bubble avoids another pin in the room!) Silver $22.97, Platinum $1,470.42, Palladium $720.80, and Gold. $1,367.01 That’s it for today. I’m really dragging the line this morning, not that you could tell that when I was writing this morning, as it seemed I was going in all directions! UGH! So, thanks for sticking through it. I’m ready to put my head down on the desk and sleep! But, that’s not going to happen, so forgetaboutit Chuck! Little Braden Charles was at the house yesterday, and does love for me to put music on the stereo so he can “dance”. So darn cute, and funny! Everett isn’t so much a “dancer” but Delaney Grace is. Cardinals need to send a thank you card to the San Diego Padres for beating the Pirates! Had to stop and sing along with Chicago.. Hard Habit To Break. one of my fave Chicago songs. Now go out and have a Tub Thumpin’ Thursday like Gold and the currencies are enjoying! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837
– Americans are falling behind on their credit card debt. As you’re about to see, credit card “defaults” are rising for the first time in six years. This is a serious problem for credit card companies. It’s also a big problem for retailers, car makers, and any other company that depends on consumer credit. If this keeps up, shares of America’s biggest consumer companies could plunge. You could even lose a lot of money without having a single penny invested in this sector. That’s because consumer spending makes up about 70% of the economy. When the “consumer” hurts, the entire economy feels it. So, if you have any money at all in stocks, please read this Dispatch closely. • Credit card company Synchrony Financial (SYF) issued a serious warning last week… Synchrony issues more retail-store credit cards than any other company. Its performance can say a lot about the credit card and retail industries. Right now, Synchrony’s customers are struggling to pay their bills. The Wall Street Journal reported last week: “We expected to see some softening,” Brian Doubles, Synchrony’s chief financial officer, said at an investor conference Tuesday. “We weren’t sure when it was going to come and I think we’re starting to see some of that.” Mr. Doubles added that the ability of card holders to get back on track with payments after falling behind has been “challenged all year.” • The company said it could see a jump in “credit charge-offs”… This is basically the default rate for the credit card industry. The company warned that its charge-off rate could spike from about 4.4% to as high as 4.8%. For perspective, the industry charge-off rate was 3.1% during the first quarter. During the first quarter of 2015, it was 3%. This was the first time since 2010 that the industry charge-off rate has increased from the previous year. Many investors are now worried other credit card companies could take big losses in the coming months. Synchrony’s stock plunged 14% after it issued the warning. • Shares of other major credit card companies also tanked on the news… Capital One Financial (COF) closed Tuesday down 6.6%. Ally Financial (ALLY) sunk 5.6%. These giant credit card companies are now trading as if there could be much bigger losses on the way. Synchrony’s stock has plunged 22% over the past year. Capital One is down 28%. Ally Financial is down 30%. Other major credit card companies have also plummeted. American Express (AXP), the nation’s largest credit card company, has fallen 23% over the past year. Discover Financial Services (DFS) is down 10%. For comparison, the S&P 500 is down 2% since last June. • As of the first quarter, Americans had more than $950 billion in credit card debt… That’s 6% higher than the first quarter of 2015. And it’s the highest level since 2009. Folks have been racking up bigger debt despite falling behind on their payments. The Wall Street Journal reports: Capital One, the nation’s fourth-largest credit card issuer, said credit card sales jumped 14% in the first quarter from a year earlier. At Citigroup Inc., average credit card balances in the first quarter posted the first year-over-year increase since 2008. Such balances also grew at Discover Financial Services Inc. and J.P. Morgan Chase & Co., the nation’s largest lender. U.S. credit card balances are on pace to hit $1 trillion by the end of the year. They could even top the all-time high of $1.02 trillion set in July 2008. • The Federal Reserve made it cheap for folks to borrow money… As you probably know, the Fed has held its key interest rate near zero since 2008. The Fed dropped rates to the floor to encourage folks to borrow and spend money. In 2007, the average credit card holder paid 13.3% per year in interest. Today, the average annual interest rate is 12.3%. Credit card companies and banks have also loosened their lending standards. The Wall Street Journal reports: Because many creditworthy consumers are still cautious about spending, lenders are turning more aggressively to subprime borrowers. Lenders issued some 10.6 million general-purpose credit cards to subprime borrowers last year, up 25% from 2014 and the highest level since 2007, according to Equifax. A “subprime” loan is a loan made to someone with poor credit. You may remember that the collapse of the subprime mortgage market sparked the 2008 financial crisis and worst economic downturn since the Great Depression. • The Fed also made it cheaper to buy a car…. Last quarter, the amount of U.S. auto loans topped $1 trillion for the first time in history. This is a sign of a very unhealthy economy. That’s because many folks buying cars these days could never afford them in “normal” times. The Wall Street Journal explains: Lenders gave out $109.4 billion in subprime auto loans last year, up 11% from 2014 and nearly three times the low of $38.3 billion in 2009, according to credit-reporting firm Equifax. Subprime auto loans account for a growing share of new auto loans, making up nearly 19% of auto loan balances given out last year, up from 13% in 2009. • It’s only going to become more difficult for folks to pay their credit card bills and car loans… That’s because the economy is barely growing. As regular readers know, it’s growing at the slowest pace since World War II. And it’s only getting worse. Companies are hiring at the slowest pace in six years. Corporate earnings are drying up. And major retailers are warning of big sales declines for this year. Meanwhile, debt is growing at the fastest pace in years. This can’t go on forever. As the economy weakens, more Americans will fall behind on their debts. Credit card companies, banks, and other lenders will see huge losses. Many retailers will also see sales plummet. Firm’s Little-Known Report on Beating The Market Revealed Over a period of 10 years, one of America’s most famous banking firms conducted an extensive study on one particular strategy…a strategy that can beat the market by more than 10 to 1…without even trading stocks. Our friends at the Sovereign Society have deciphered their strategy here. [TONIGHT] Trump, the “Brexit,” and Negative Interest Rates?! Not sure how to prepare your portfolio for the looming political, social, and economic events threatening the market this year? For the first time ever, Bill Bonner is sitting down with Chris Mayer and Porter Stansberry to discuss everything that’s happening in a free webinar. Sign up instantly to hear their thoughts tonight at 8pm, eastern time. RSVP right here. Regards, Justin Spittler Delray Beach, Florida June 21, 2016
Justin’s note: If you haven’t heard yet, Strategic Investor editor E.B. Tucker’s working on a new venture. He plans to share all the details about this product at the end of this month. Leading up to that big announcement, we’re featuring his best insights and money-making opportunities.But you should first get to know E.B., if you don’t already. He’s one of the best big picture thinkers in our business. And his track record shows it. Just look at some of the big calls he’s nailed… E.B. Tucker Editor, Strategic InvestorP.S. I recently released an important video describing everything you need to know about “America’s Third Power Shift.”In short, the biggest power shift in the last 100 years is happening now. And it’s creating a tipping point in the next generation of energy metals. If you know where to put your money ahead of time, you could see once-in-a-lifetime gains. We’re set up to profit from this megatrend in my Strategic Investor newsletter… and you can join.Check out my presentation here…Reader MailbagAre you bullish on new energy sources? How about the metals that will profit? Let us know at [email protected] Tucker’s Latest Venture Profiting from America’s third power shift is just one of the many big ideas E.B. has to help you make a fortune in today’s markets.The idea he’s most excited about right now is a little-known strategy you can use to generate gains 10x bigger than options. It’s a specific type of investment that Doug Casey uses too…E.B. and Doug are ready to share the details on this strategy later this month in what’s sure to be one of the most important events in Casey Research’s history.We’ll let you know more details over the coming weeks.Stay tuned… Recommended Link The blockchain wave – E.B. was able to exploit this massive trend and made 15,000% in profits on a blockchain mining deal. Click here to watch this clip The Bitcoin bubble – On December 14, 2017, E.B. pleaded with his readers who owned bitcoin to sell enough of their coins to recoup their initial investment. That was four days before bitcoin reached its all-time high of $19,783. Folks thought he was crazy. Bitcoin’s at $3,370 today. Strange Investment Trick Can Pay Five Times MORE MONEY than Social SecurityI know that’s hard to believe… But this is 100% based on actual reports from people just like you. Just see for yourself… watch this 1-minute clip before Friday at 3pm. Learn how readers like Steve from Michigan made $7,500 just the other weekend. But hurry! This only works if you take one simple action before Friday at 3pm. A New EraLast century was the oil era. From Ibn Saud, Rockefeller, Getty, and even shale oil tycoons like billionaire Harold Hamm of Continental Resources, the oil business created trillions of dollars’ worth of wealth.Those days are over.Now, I’m not saying major oil companies are down for the count… they’re not. I’m also not saying billionaires like the Saudi royals are in trouble… they’re not.What I’m saying is that over the decades to come, those families, those billionaires, and those major companies we know today will not see their fortunes swell. They’ll chug along. They’ll also be surprised as new energy barons leap past them on the Forbes list.You see, oil goes in about every product we use today. From the tube of toothpaste to the lid on a Starbucks cup, it’s hard to get away from oil. This chart shows how much petroleum the world uses on a daily basis.I’m sure the first thing you think when you see this chart is that the oil business must be great.It is for the most entrenched players. Oftentimes, this means governments. After all, as much as 75% of the world’s oil production comes from state-owned oil companies, according to The Wall Street Journal.What I hope you’ll see is that the oil business isn’t getting much better. For starters, climate change warriors are out to attack the business at any chance they can get. I attended a raucous anti-oil protest in Portland, Oregon back in 2016 for research purposes. I attended a Dakota Access Pipeline protest in Portland, Oregon in November 2016Then, take taxes into consideration. Every gallon of gasoline sold in the U.S. has a $0.184 federal levy placed on it… and some states, like Pennsylvania (the highest case), pile on as much as $0.582 per gallon on top of that. States need that money to fund their bloated budgets.Oil is under attack from every angle.Meanwhile, alternative power gets the opposite treatment. In some states, you can actually make money driving an electric car or bolting solar panels onto your home.Just to be clear, we don’t have an opinion about which energy source is better. In my newsletter Strategic Investor, we separate our ideology from our investing.With this in mind, we see the oil trade as old, tired, and predictably stale. We see alternative energy as inevitable. Electric vehicles will be cheaper than those with combustion engines. Estimates say that 4.5 million new electric vehicles will be sold every year in China alone by 2020. Recommended Link You see, new battery technology is cutting costs in half… while increasing storage capacity.And that’s why the mass production and adoption of the electric car is no longer a pipe dream. It’s a reality.Right on the Cusp of a SurgeEarlier, we showed you a chart of oil usage. While it’s a big number, it’s not growing very fast. At least, not compared to this chart…Oil’s 1.5% annual demand growth over the last two decades is nothing compared to surging demand for battery capacity.The chart above measures battery demand in gigawatt hours (GWh). To put things into perspective, in 2016, all consumer products with lithium-ion batteries added up to 45 GWh, according to The Economist. That means every cordless drill, smartphone, and even e-cigarette combined. Electric car batteries produced that year added another 25 GWh.By 2030, management consulting firm McKinsey & Company expects demand for battery capacity to surge more than 36-fold to 2,900 GWh per year.And that, in turn, will create a massive spike in demand for a handful of new energy metals required to make all these batteries.In fact, The Wall Street Journal says, “The world is about to experience its biggest shift in commodities demand since the 19th century.”There’s no comparison. New energy sources will leap over oil’s tepid growth in the coming years. With clean energy economic incentives in place, no protesters, and technology on its side, a new energy source is set to power the future.Regards, Simply Put, Batteries Will Be the Oil of the Next CenturyAnd the metals that make up these batteries are creating a new “gold rush.”Why now?Because these more advanced batteries will hand forward-thinking investors the opportunity of a lifetime – and make two things a reality: Solar and wind power will be even cheaper and – more importantly – be available on-demand, 24/7 (think streaming), thanks to the energy storage capabilities of high-tech batteries. This will lead to the rise of micro-grids and independent home energy. — Click here for the full story In short, it pays to listen to E.B… especially when he’s pounding the table on a big idea. And that’s what today’s essay is all about.Below, E.B. explains why we’re entering “the biggest energy shift of our time.” A new type of energy is taking over. And that’s opened the door to a huge money-making opportunity…Regards,Justin Spittler Florianópolis, Brazil February 6, 2019By E.B. Tucker, editor, Strategic InvestorA society is only as strong as its access to supplies of reliable energy. While the source of that energy changes over time, one thing doesn’t: Controlling the supply of that energy is as close to printing money as you’ll ever get.Throughout time, the richest barons in history sold society its energy.Last century, oil fueled society. Barons like Jean Paul Getty made so much money supplying society with oil, the wealth became a burden. From the Rockefellers to the Saudi royals, the story is the same. Controlling the supply of energy is equivalent to a levy on the entire economy.Before oil, it was coal. Coal created scores of 19th-century fortunes. Even Andrew Mellon, who later became Secretary of the Treasury and the third-largest taxpayer in the 1920s (behind Rockefeller and Ford), got his start in the coal business.The same trend stretches all the way back to medieval days, when wood provided heat, a cooking flame, and lit rooms. The lords who owned the forest set the price for warmth, hot food, and light.Today, we’re on the dawn of a new era in energy. Stock Market Bulls Are Preparing for February 13Some of the most famous stock market bulls in the world are preparing for a massive event in February. — The renter trend – E.B. sold his largest stock at the peak in 2008. That gave him the “dry powder” to buy six rental properties. A decade later, he still has a passive income stream that yields around 20% per year.