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https://preservewm.com
We've been keeping up with the latest headlines...
here are two of our favorites worth sharing.
** Your Money
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BlackRock’s Larry Fink, who oversees $10 trillion, says Russia-Ukraine war is ending globalization. The CEO and chairman of the world’s biggest asset manager published his 2022 letter to shareholders last week.
He notes that in the early 1990s, the world emerged from the Cold War. The world benefited from a global peace dividend and the expansion of globalization. These were powerful trends that accelerated international trade, expanded global capital markets, increased economic growth, and helped to dramatically reduce poverty in nations around the world.
“The Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades,” Fink said. "And while dependence on Russian energy is in the spotlight, companies and governments will also be looking more broadly at their dependencies on other nations. This may lead companies to onshore or nearshore more of their operations, resulting in a faster pull back from some countries.
"This decoupling will inevitably create challenges for companies, including higher costs and margin pressures. While companies’ and consumers’ balance sheets are strong today, giving them more of a cushion to weather these difficulties, a large-scale reorientation of supply chains will inherently be inflationary.
"Even before the war’s outbreak, the economic effects of the pandemic – including the shift in consumer demand from services to household goods, labor shortages, and supply chain bottlenecks – brought inflation in the US to its highest level [of inflation] in forty years."
At PWM, we believe inflation is a long-term trend. Supply chain disruption is painfully clear from COVID, but less globalization could be the long-term fuel.
Larry Fink's 2022 Shareholder Letter (https://www.blackrock.com/corporate/investor-relations/larry-fink-chairmans-letter)
by Larry Fink
** Your Life
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Smell is related to memory more so than any of our other senses—not only in recalling information but in taking us back to a particular point in time. Companies are now trying to differentiate themselves emotionally and memorably through scent. Colors are also associated with scent enabling one to create any atmosphere. Plus, aromas affect our mental health. Smelling coffee before bedtime may help you sleep better due to its calming effect; however, don’t drink it. Pine scent reduces feelings of stress and depression. A study found that citrus orange, lemon, and grapefruit are energizing and also energize our beta brain waves in 30 seconds.
The Subtle Connection Between Scent And Emotional Well-Being (https://www.airscent.com/scent-and-emotional-well-being/#:~:text=Scents%20send%20signals%20to%20our,and%20improve%20overall%20mental%20outlook)
by Air-Scent
https://www.linkedin.com/in/danheth/
https://www.linkedin.com/in/rosalynn-harvey-heth-mpa-ceps-3a3aa3191/
** Complexity Simplified
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This is such an old article, but it still rings true today. Many people are intimidated by selecting and preparing fish. Here’s an article that will educate you to help you get over that fear.
Cooking and Eating Fish: The Fear & How To Get Over It (https://www.andreascooktales.com/blog/2016/6/29/the-fear-of-fish-how-to-get-over-it)
by Andrera Letard
** Trivia
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A: A bishop
Q: When did the Cold War end?
https://www.youtube.com/watch?v=p47fEXGabaY
** Back in 1999, this song reached #1
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