The Big ‘Lies’ About Our Economic Prospects

In the spring of 2007 I hosted a conference for a group of insurance professionals. One of the most popular speakers was my old friend the economist Roger Martin-Fagg. He was his usual entertaining self, but took everyone by surprise by suggesting that the world economy was on the brink of a meltdown the like of which we had never seen before, and it was going to happen soon – probably within 12 months. Yes, he predicted the financial crash of 2008 a year before it actually happened.

Now in Spring 2007 the world economy was doing very nicely thank you. Following three consecutive years of good growth, averaging 3.8% it was expected to fall only slightly in 2007 to 3.6%. Meanwhile the UK was doing pretty well too. House prices had risen from an average of £150,633 in January 2005 to £184,330 in May 2007 – a rise of 22.4%, whilst wages grew by an average of over 5% per annum between 2004 and 2007. Inflation on the other hand was under control and only rose by an average of 3.25% in the same period. Furthermore, between 2003 and 2007 the FTSE All Share Index grew by 49%, so overall everyone was feeling pretty optimistic about the prospects for the future. No one, other than Roger was saying anything about a recession, never mind a full blown crash!

So, when Roger issued his dire warning, the overwhelming response was to laugh it off – in the same way that we would laugh at a soothsayer predicting the end of the world. Eccentric yes, and likely to happen eventually, just not anytime soon.

You can imagine that those of us who were there in 2007 are far less likely to write off Roger’s opinions now than we would have done previously.

I was therefore pleasantly surprised, and heartened to receive his latest Economic update, penned on 16 June. Once again he is at odds with the mainstream view, and indeed is critical of others talking world economic prospects down. He opens his piece by saying that the press is being irresponsible in the way it is reporting our economic outlook. His opening paragraph reads:

“Last weekend the Daily Telegraph had a banner headline: ‘Britain’s biggest ever collapse in GDP wipes out 18 years of growth’. This statement is completely wrong. I am concerned that individuals who are trying to make the right judgement call are being fed this nonsense. To be clear: 18 years ago our GDP was £1 trillion. It is now £2.2 trillion. The reduction in spending in April was 20% on the previous April. The monthly flow of spending averages £200bn. 20% of that is £40bn. The media, as we know, impact emotion and decision taking. That Telegraph article is therefore both economically illiterate and irresponsible.”

Wow! Hard hitting stuff. And the perpetuation of such comments is still evident a week later. In the Sunday Times on 21 June Sajid Javid is quoted as saying:

“We’ve seen a 25% fall in GDP in two months. To put that in some perspective, that is 18 years of growth wiped out in two months.”

And that’s from our erstwhile Chancellor of the Exchequer, who should be anything but economically illiterate!

In his update Roger goes on to suggest that, despite what the world and his wife are saying, we are not going to have a recession. Indeed, whilst he acknowledges that quarter 2 of 2020 will be significantly negative, he expects quarter 3 to be significantly positive, and predicts that the UK economy could grow by 8.5% in 2021, with the World economy back to 2.5% growth next year too.

His argument is that the fundamentals for a recession don’t exist in the same way as they did for previous recessions; rising prices and interest rates squeezing individuals and companies alike in 1979 and 1989, and banks stopping lending in 2008. The common factor is a shortage of money available, and that’s not the case this time around. Households have seen a reduction in income, but a larger fall in what they’ve spent, and the UK Government is spending an extra £40bn a month pumping new money into the system, so no shortage here. Roger predicts a mini boom to take off in the next few months as a result of this excess cash in the system, with the only thing that could dampen it being the media reporting company closures, an increase in the R well above 1, and stories of mass redundancies.

I don’t propose to reproduce all Roger’s arguments here – you can read the whole article at https://www.ellisbates.com/news/june-2020-economic-update/ to get the complete picture, but I would say his reasoning and logic are very persuasive. And I for one would not bet against him. I also fully endorse his condemnation of sensationalist reporting in the media. They have to take more responsibility for the message they send out as, rightly or wrongly, people do listen to them. A more even handed and less melodramatic approach to reporting would benefit us all. After all, we all know the power of ‘fake news’ by now, don’t we?

Get to Know About the Bitcoin Malpractices That Exist

Bitcoin, the most popular crypto that exists is now considered as one of the most popular investments. But do you know that this has given rise to a lot of new bitcoin scams? Yes, that is the truth and sadly, you can be a part of it if you don’t know anything related to these scams. This article lets you know about all the types of bitcoin scams that exist.

These are the types of bitcoin scams that exist -

Phishing Scams

Always be on the lookout for phishing frauds. Phishing attacks certainly are a favorite among hackers and scammers. Within a phishing attack, a concerned person typically impersonates a service, business or individual simply by way of e-mail or other text based communication, or by hosting a fake and manipulative website that seems like a real one. The aim is always to trick a victim into uncovering their private tips or sending bitcoin to an address the particular scammer owns.

These kinds of emails often appear like they are legitimate ones but are fake in nature.

Fake exchanges

Surely one of the least difficult ways to fraud investors is to pose as an internet marketer branch of a good and legitimate business. Well, that’s specifically what scammers within the bitcoin discipline are doing.

Many such exchanges exist and they presented themselves being a place to exchange and trade bitcoin, but was eventually fraudulent. Many exchanges have thus scammed people away from their money by simply posing as a new respectable and legit cryptocurrency exchange.

Fake ICO’s

Together with the increase in blockchain-backed firms, fake ICOs shot to popularity as a way to back these kinds of new companies. However, given the not regulated nature of bitcoin itself, the door has been wide open for all kinds of fraudulent activities.

The majority of ICO frauds took place through obtaining investors to commit in or by means of fake ICO websites using fake bitcoin wallets or other crypto wallets, or by appearing as real cryptocurrency-based companies.

Many have already been accused of such malpractices hence it is better to verify such wallets before actually deciding to place your money with them.

Humongous returns

If you are into the trading industry, you must have known by now that humongous returns are simply not possible when it comes to bitcoin trading, or crypto trading in general. Hence, when a broker tries to provide you with the promise that your money will be doubled within a specific time frame, then the best option in such cases would be to stay away from such brokers as much as you can. They will simply take your money and run away and you would be left with nothing but grief and remorse.

Everything You Need to Know About Davenport Laroche

Introduction

Davenport Laroche is a company based in Hong Kong which rents the containers you have bought. Giving you interest of around 12% while taking 4% of the profit you make for acting as the middle man. As promising as it looks and sounds, it isn’t trustworthy. Because when it comes to profit, low risk and high returns never go hand in hand.

Davenport Laroche promises

They promise you low risk by ensuring you are not the only one in this market. Davenport Laroche is making a statement such as “100% capital preservation,” which is practically not possible-being able to sell your container at cost price even after five years!

They tell you about investment security as solid material’s value does not fluctuate in large numbers. Promises are made of 12% every year later, leading to higher output of around 24% per year.

How does it work?

Investing in Davenport Laroche is a little different. You need to understand how it works most simply. Consider that every shipping container is a rental property. A firm helps you (investor) purchase several shipping containers depending on how much you are ready to spend.

They hand the containers over to Davenport Laroche to manage the shipping containers on their behalf. The method used by a property manager to maintain a rental home. After you have bought as many containers as you want, you will receive a full deed of sale documentation in your name, saying you are legally the rightful owner of all the containers.

These containers are then leased to major fortune 500 companies and the government of individual countries. They are in constant need of these containers for their humongous development plans such as construction, infrastructure projects, and product movement.

The business model of Davenport Laroche

They have a straightforward business model in which they partner up with giant enterprises and government organizations to provide shipping containers for logistical uses on secure contract bases.

After a secured container deal is signed off, you have minimal time to make your financial move. The reason why Davenport Laroche encourages you (investor) to stay in close contact with your investment team so that you can be warned when it is the right time to make investments.

Shipping container demand is on the rise.

The global economy is booming, and the markets are growing, subsequently making the demand for supply containers a never-ending urge. To feed this demand, they need people to invest in the shipping containers.

Recently Davenport Laroche signed a deal to help in the construction of three new airports in Tibet. Such projects help the investment firm to grow.

Are you investing in supply containers VS investing in cryptocurrencies or OTC stocks?

It is like comparing oranges and apples. You cannot compare the two. Shipping containers are straightforward. You invest in hard assets and collect the cash returns monthly. At the same time, cryptocurrencies and OTC stocks have a long history of scams.

Davenport Laroche insists you invest in a shipping container as your initial investment capital investment are preserved. They advise their investors to stay away from scams.

Why is Davenport Laroche so successful?

It is effortless because of supply and demand and because they have maintained their spot as a producer in the world market. Davenport Laroche knew that when they make shipping container investment an opportunity for the public, the industry would see phenomenal growth, and it has.

Davenport Laroche Scams

Many supply container scams are going on right now, and many new ones are showing, but the Davenport Laroche scam is still at the top and will remain in the coming times.
Davenport Laroche Scam is very easy to understand. They promise you a fixed return of 12% on any amount invested per year, sometimes more than 24% (according to their official website).
They confirm that all the company’s supply containers are trackable, and the investor has the full legal right over the containers they buy.
Most of them independent trackers in various countries who act as recipients of the container owners and the money is transferred to the scammer’s account in those particular countries. The majority of the accounts belong to underdeveloped nations like Cambodia, Ghana, Vietnam, and Lagos.
Such frauds are exposed when companies like Davenport Laroche play different writers to write them a fake blog or a review. Their services are the best, and how the company looks after its investors, gets the best investment, and fake a lot of stuff.
They post a lot of fake reviews about the company on different forums and social media websites. A little in-depth research can reveal that it is fake. This is only done to attract more investors and get more investments, and people fall into this trap and invest. They end up losing a lifetime of savings in such scams.
Before the expose
Davenport Larches’ website said the supply containers have 60 years of track record and are the most profitable and safest income source. It is a false claim.

If something is promoted as being highly profitable and low-risk at the same time, there is a high chance of it being a fraudulent practice. One needs to note that storage containers already have many financial backers, and one doesn’t need to have individual investors to bring money to the table.

If shipping container investments were such a high-return investment, it would be full of investors, which unfortunately is not. Hence, it’s better not to invest in them, and if you have already, it better to look for a good fund recovery group that can help you recover your money.

Have you been a victim of the Davenport Laroche scam?

If yes, you have been a victim of the Davenport Laroche Scam. It is suggested that you come in contact with the fund recovery agency. You can go to various legal firms. They will help you irrespective of how much money you have lost.

5 Common SEO Mistakes That You Should Avoid

Over the past few years, SEO has evolved faster than the previous decade. And this has made it harder for users to keep up with most recent updates. The launch of Penguin and Panda changed the way things worked in the past. In short, the way Google used to rank website has changed a lot. But if you want to reach your objectives, make sure you avoid some common SEO mistakes.

1. Avoiding RELEVANT CONTENT

In the start, Google said that it would rank websites that have the most relevant content on its first page. This statement is still valid. What has happened is that the search engine has become a lot better at achieving the objectives. In other words, now, Google is in better position to know what is relevant and what is not.

So, what you need to do is offer content that is relevant and avoid content is not relevant to your niche. Of course, the content should be informative and unique.

2. Following Tricks

People have been using many illegal ways of cheating the search engine algorithms for traffic, exposure and backlinks. Some of these tactics can still give you a temporary edge, but they are bad for your blog or website for the long-term.

So, you should avoid using low-quality, duplicate content, keyword stuffing, questionable redirects or cloaking for traffic. It may be tempting to go for these short-cuts, but they will just hurt your ranking, and may even get you banned for good.

3. Overloading your site

It has been a common perception that photos, videos and other graphics make a website more appealing for the viewers. To some extent, this perception is true; however, there should not be too much of it or your website will take ages to load. Your viewers don’t have all day to wait for your site to load. If your blog takes longer to load than other websites, the viewers will just click away. You will not only lose viewers, you will also lose ranking against other websites.

4. Making navigation difficult

Navigation is one of the most important factors for any website. It’s important for both viewers and search engines. Ideally, your viewers should be able to get the desired information from your website in one or two clicks. This may not be an easy task for you. So, what you can do is put important content on the main page of your site. This the users will be able to get what they want more easily.

5. Misunderstanding THE BACKLINK PROCESS

You may not want to be obsessed with obtaining a lot of backlinks. Although you don’t have to have backlinks from authority websites to establish your credibility, it helps a lot. However, what you need to do is try to get backclinks in a nature fashion. But it’s not a good idea to buy backlinks. This is one of the worst mistakes that you can make.

Older posts »