‘No Pain, No Gain’
The Prism Daily
Your ‘One-A-Day’ financial news-tritional supplement, including trace elements of economic analysis that every healthy investor needs. Addresses a wide variety of monetary afflictions, from vacillation to impecunity. Specially formulated to go down easy! WARNING: Side effects may include elevated cognition and bouts of epiphany. If symptoms persist, unplug cable TV.
Prism Profit Engineering Report: for July 2012 | download here (PDF)
Our Conservative, Moderate and Aggressive strategies produced respective client returns of 4.9%, 6.5% and 9.3%, projecting annualized growth of 58.8%, 78.0% and 111.6%. The average for all three was 79.0%. It would take 74 years for a 1-year bank paying 1.1% to match us. We mention this in passing for those of you who intend to live another 74 years.
Prism Precis: Consumer credit card debt declines as Americans snap their wallets shut. Negative for economy.
Today’s Market MRI: Americans Chip Away at Credit Card Debt
CNBC Reports: “U.S. consumer credit posted its weakest growth in eight months in June as Americans reduced credit card debt, a potentially negative sign for an economy that has struggled to create jobs… Consumer credit grew by $6.46 billion in June, the Federal Reserve said on Tuesday. That was well below the $11 billion advance Wall Street economists had forecast in a Reuters poll… Consumer credit flows — a relatively new data series that the Fed says is more sensitive to economic trends — also cooled. The flow of consumer credit fell to an annual rate of $77.5 billion in June. In May, that rate was $200.4 billion, the Fed said.”
Prism Responds: Do you see how lackluster this reporting is, Dear Reader? What CNBC should have said is: Holy Bernanke! U.S. consumer credit absolutely plunged by 41.3% in June (we do the math for you) while consumer credit flows freaking nosedived 61.3% (we confess: we used a calculator), a sure sign that Americans are snapping their wallets shut faster than Gomer Pyle can say ‘Deeee-pression!’
Since Americans hardly manufacture anything anymore, the only way we can stay afloat is to buy all that stuff that everyone else makes. Problem is, you can’t do that without a job. And you can’t get a job unless someone’s hiring. So you use your credit card to put the pain off until tomorrow. And then one day you aren’t willing to use your credit card at all, which means you’re feeling the pain today. And we all know what that means: No pain, no gain.
Prism Solution: Grow money scientifically. Get the banker’s secret (compound growth) working for you, not the bankers. Contact us today for a FREE Consultation. No hype, no sales, just straight answers.
Prism Presidential Package
What would even a nice, smooth 3% a month (36% per year) do for you? Here’s what: if maintained at that rate it could DOUBLE your money every two years. Would that be OK? You can get started with just a $2,500 minimum account and your first billing period is FREE. As for the excitement you’ll feel watching mathematics at work growing fresh equity for you out of thin air – priceless. Click here for details.
And May All Your Investments Be Profitable,
David Taylor and Gordon Philips,
Directors of www.Prism-Solutions.com
‘Better Investing Through Science’
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