Suspicious call from 1-800-389-4712

This is clearly a fraudulent and suspicious call.

Dear Citizen, this call is to inform you that due to suspicious activity, your social security number will be suspended forthwith and your social benefits will be suspended indefinitely. Please press 1 to speak with personnel.

My advice, please don’t click or speak with anyone. The social security administration does not make these types of calls.

Furthermore, any suspension of benefits would be sent in writing and would give you the opportunity to respond, if not appeal.

The call may originate from a different number, but please don’t be fooled.

Community Guidelines

We’ve put together a set of universal guidelines that we believe every community can benefit from and moderators can adopt. Our goal is to ensure that these set of guidelines are easy to understand and widely applicable to any community on Disqus. It’s not meant to be comprehensive, rather focusing on the most commonly shared principles we believe are critical for setting a foundation in a community to enable it to thrive.

Keep it civil aka don’t be a jerk

We’re going to get into the thick of a lot of heated discussions and that’s okay. These discussions often entail topics that we all personally care a lot about and will passionately defend. But in order for discussions to thrive here, we need to remember to criticize ideas, not people.

So, remember to avoid:

ad hominem attacks
Responding to a post’s tone instead of its actual content.
knee-jerk contradiction
Comments that we find to be hateful, inflammatory, or harassing may be removed. If you don’t have something nice to say about another user, don’t say it. Treat others the way you’d like to be treated.

Always strive to add value to every interaction and discussion you participate in

There are a lot of discussions that happen every day on Disqus. Before joining in a discussion, browse through some of the most recent and active discussions happening in the community, especially if you’re new there.

If you are not sure your post adds to the conversation, think over what you want to say and try again later.

Keep it tidy

Help make moderators’ lives easier by taking a moment to ensure that what you’re about to post is in the right place. That means:

don’t post off-topic comments or discussions: check the Explore page to find the appropriate channel for your topic
don’t cross-post the same thing multiple times
review any specific posting guidelines for the community: some communities such as a movies community may have specific rules regarding spoilers.
check if another active discussion on your topic has already been posted
If you see something, say something

Moderators are at the forefront of combatting spam, mediating disputes and enforcing community guidelines and, so are you.

If you see an issue, contact the moderators if possible or flag any comments for review. If you believe someone has violated the Basic Rules, report it to Disqus by flagging the user’s profile.

Looking for the old Channel Rules?

Stay On-topic

Be sure your topic matches the general theme of the channel. For example, all discussions on Talk Shop should pertain to fashion and beauty. Not sure if you’re posting to the right channel? Check the channel’s About section, or recently-added discussions to get an idea of what subjects are appropriate.

No Self-promotion

A discussion or comment that contains only a link to your blog, a product, or your article on another site will almost always be removed.

Choose Your (Curse) Words Wisely

Comments that contain profanity are automatically held for moderator review before being posted. Depending on the context of the comment, it may be removed. Profanity used to insult, antagonize, or inflame will always be removed.

Don’t Be a Jerk

Personal attacks and harassment will not be tolerated. Sexist, racist, misogynist, homophobic, and broad, offensive generalizations about groups of people are simply not allowed. Comments or discussions written intentionally to provoke will also be removed.

Don’t Copy and Paste

If you didn’t write it, or haven’t properly cited the article you’re quoting, don’t post it.

English Only

We currently only support English-only discussions on Disqus channels. Non-English comments and discussions will be removed.

Is the Sell-Off Done Yet?

By: Alexander Tecle

Brickell, FL

#Marketselloff #PEratios #Leverage #Debt #Notdoneyet

Many clients have asked me about whether the recent market sell-off has gone too far? The more relevant question is, have Price-Earnings (P/E) ratio’s contracted too far? To answer this question, the reader must first understand what a P/E ratio is and how it is interpreted. Definition per Investopedia, “the price-earnings ratio (P/E Ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings. The price-earnings ratio is also sometimes known as the price multiple or the earnings multiple.” The various market indices can be tracked as an amalgamation of their components P/E’s and trade based on either a forward-looking or 12-month trailing P/E multiple. Whenever you hear an analyst make an opinion of value of a particular market-index, they are normally making a statement about the P/E of a particular market based on it’s forward or forecasted earnings expectations. The average forward-looking P/E of the S&P 500 Index is fairly valued at an average of about 16.7x forecasted earnings. The S&P 500 P/E Ratio Forward Estimate is at a current level of 16.43x earnings, down from 16.90x earnings last quarter and down from 18.67x earnings one year ago. This is a change of -2.80% from last quarter and -12.00% from one year ago.

Most analysts might state that since the sell-off, valuations of the companies within the S&P 500 Index have come down significantly from their all-time highs and there might be an opportunity to obtain below average values during this period of multiple contraction. However, there has been as significant amount of debt added to the capital structures of companies in the recent years during record low-levels of market interest rates. As of June 2018, and S&P Global survey reported “U.S. companies have reached a record $6.3 trillion in corporate debt and the riskier borrowers are more leveraged then they were in 2007.” Although, the companies within the S&P 500 have over $2 trillion of cash on their balance sheet to service this debt, one might make the argument that the increased use of leverage in the late-cycle might weigh more heavily on the value of P/E multiples moving forward. The use of leverage helps enhance return on equity and improve corporate profits during expansionary periods of forecasted earnings. Heck, even if corporations are using the proceeds from debt to finance share buyback programs, this would have a positive impact on P/E multiples. I am concerned about the 3rd quarter decline of business spending and investment that was reported on the 3rd quarter GDP 3.5% growth rate. However, during this earnings season, we cannot deny that both institutional and retail investors have been highly concerned about slowing growth for forward-looking guidance on revenue and earnings.

When considering whether the recent sell-off in the market has been overdone and P/E multiples are more attractive, I would caution investors to look deeper into the earnings reports and assess how increased debt levels will impact earnings if growth forecasts continue to deteriorate. Perhaps, one might consider the average P/E ratio of the S&P 500 Index, adjusted for reduced sales growth and profit growth with higher leverage use as the new bar to be fairly-valued. Then, consider how much further down we must sell-off to reach that bar.  With that said, we urge our readers to redress their equity exposure and make sure that their portfolio equity/bond/hedged investment allocation is in line with their risk number. Know your risk number!


Select the link below and take our risk survey!!

Questions, please feel free to click the calendly link posted below to setup appointment.

U.S. Treasuries, Bonds, and More!!

By Alexander Tecle

Why is it important to keep track of U.S. Treasury interest rate levels? How do they impact interest rates globally?

It is important because the U.S. Treasury yield curve is the first mover of all domestic interest rates and the most influential factor in setting global interest rates. Interest rates on all domestic bond categories rise and fall based on the yield activity within the U.S. Treasury market. In general, investors view the US. Treasury security as the risk-free rate, or least risky security in the global markets. Investors use the Treasury yield-curve (yields for treasuries at all maturities) as an acceptable yield-for-risk benchmark for all bond investments at higher risk levels.


How does the Federal Reserve influence the direction and activity of the yield curve?

The Federal Reserve directly affects the short-term side of the yield curve by setting the Federal Funds Rate. The Fed Funds rate is the rate at which banks charge each to lend capital to each other during the overnight cycle. The Federal Reserve also controls the prices of treasuries and other bonds in the market by their open market operations that purchase and sell of bonds by increasing the supply of bonds or reducing the supply of bonds in the market place. This process is called quantitative easing or tightening. At this moment, the Federal Reserve is in the process of tightening monetary policy, which is encouraging the U.S. treasury yield curve to rise and push up U.S. bond yields. This action is quite common in the later part of the economic-cycle after an extended period of economic growth and expansion. Please select the link below to review the current treasury yield environment and U.S. credit yield environment.

U.S. Rates


How is the Federal Reserve rate policy different then other central bank around the globe?


In developing nations, such as the European Union, Japan, and Australia, the central banks are working cohesively to loosen monetary policy and encourage a relatively low interest rate environment. The European Central Bank, Central Bank of Japan, and others have been engaged in hyper quantitative easing operations to bring the key overnight lending rate into negative territories with the intent to discourage investing into their government bonds and encourage the market to invest into higher risk assets. (Such as stocks, corporate bond, private equity, etc.) The primary motive is that the developed market economies have struggled to produce substantial and prolonged periods of economic growth and expansion. The difference between the progress of the U.S. and Developed-International economic cycles has been a thematic concern for monetary policy makers. This concern has resulted in a divergence of global rate policies amongst global central banks and substantial difference in the price of bonds yields around the world that can be observed rather easily. Select the link below to view developed-international market interest rates globally.

U.K. Rates, Germany Rates, Japan Rates, and Australia Rates.

1 2 3 10