![]() OK… I was just playing around there, sorry to all of you who don’t like it when I do that, and write to me and complain… ![]() In fact… I’m going to call the Aussie economy the “Goldilocks Economy”… It’s not too hot… It’s not too cold… It’s just right! Yeah, “Goldilocks Economy,” that’s the ticket! I must say that I like that! It brought a smile to your face, too, come on, admit it! You’re saying… “That Chuck, how does that guy do it? He’s draggin’ the line, but comes up with that one”! HAHAHA! The Reserve Bank of Australia (RBA) did indeed keep rates unchanged last night, as expected… I really didn’t think they were on the war path for higher interest rates, and they just raised rates at last month’s meeting… But the tightening bias remained, and that’s a good thing, especially since after the meeting it was announced that Australian 1st QTR GDP was stronger than expected! Very solid growth in Australia, folks… ![]() So… Let me see here… In the past two weeks we’ve seen strong data on the Capital Spending front and exports… Now we have the trifecta! Consumer Spending! This could quite possibly be the icing on the 50 BPS rate hike cake for the ECB tomorrow… We’ll have to wait-n-see! The good news on the Eurozone economy this morning is brought to us by the friendly folks at Bloomberg… Yes, the Bloomberg Purchasing Manager’s Index for May showed Retail Sales rising the most in two years, with consumer spending fueling the rise. Now… That’s what I call a “negative outlook,” wouldn’t you? Of course the “Deficits Don’t Matter” crowd don’t want to see this news… Nor would they even give it any credence! But I do! But you didn’t see this on the TV news, did you? No, you didn’t… I wonder why? (Don’t worry, I know why!) S&P WENT FURTHER TO SAY… ABSENT FISCAL REFORMS, THE UNITED STATES’ CREDIT RATING WOULD FALL TO ‘A’ AFTER 2015, and ‘BBB’ BY 2020. It’s quite obvious that the markets run scared whenever Big Ben rattles his inflation saber… So… We continue to see dollar strength… However, it’s not overwhelming dollar strength, as the euro continues to remain above 1.28!ĭid you see this little ditty yesterday? Standard & Poors (S&P) SAYS THE UNITED STATES’ ‘AAA’ CREDIT RATING COULD BE HURT BY PRESSURE ON BUDGET FROM AGING POPULATION. The currency markets remain in an unsettled frame of mind since Big Ben threw cold water on the currency rally Monday. Good day… Well… After two consecutive nights at the ball park, I’m doing the classic Tommy James this morning and draggin’ the line… But I carry on… Good thing today is “Wired Wednesday”! You’ll enjoy many of the same great features and protections as the rest of the line, including 100% principal protection, market-driven upside potential, no account fees, and FDIC insurance.Ī conservative investment with great reward potential, the MarketSafe Gold Bullion CD is a smart new way to invest in the Gold market. This is the latest addition to EverBank’s popular line of MarketSafe CDs. Get the security of Gold, in an even more secure investment product. Yields on the CD are based on the 5-year price performance of the Spot Price of Gold Bullion. You can do it all with the new MarketSafeSM Gold Bullion CD from EverBank®.īenefit from the upside price performance of Gold Bullion without actually investing in gold or gold coins. Diversify, seek higher yields, and safely invest in the Gold market.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |