“Significant” was the word of the day. As in “significant downside risks to the economic outlook.” The day was not, however, sponsored by any letter and number.
If you plan on refinancing a mortgage, yes it’s still a good idea, and yes you will have all kinds of time to do it. With 15 year and 30 year rates easily falling to and possibly below 3% and 4%, respectively, for the foreseeable future.
“Operation Twist” or “The Twist” if it hasn’t already, should make Chubby Checker more money this week than he made on the first two versions of the song. It was the most played songs rolling into and out of commercials on CNBC. Got to love free advertising.
Europe is still trying to figure out if Greece will be allowed to play in their sandbox.
The one ray of good news, new home sales were better than expected. The market acted as if it never happened.
And lastly, Apple unofficially announced the new IPhone will be out in October, which was largely drowned out by the Fed meeting.
Just My Opinion
The market has made it’s mind up about the announcement and it wasn’t good. But I’m not so sure it’s quite as bad as the market made it out to be. I’m not saying it was rosy, but I think the market overreacted. Continue Reading…
Gambling and investing tend not to fall in the same sentence, yet the line between the two can be blurry at times. Each can force images of losing it all or winning it big in a single moment. When you picture gambling, it’s the 24 hour gambling mecca of Vegas, a cheering craps table, the alarms of the slot machine. A place to let loose, have some fun, spend some money.
Having a job is a necessary reality for the majority of us. For many it’s a means to an end, a way to support themselves, their family. It covers the bills, puts food on the table and a roof over their head. Where the best part of the week is getting home or the weekend. How many can actually say they are working their dream job? And if they can’t, what would it take to get the opportunity? The reason I ask all this is a story I came across earlier in the week.
There are many reasons people choose to avoid stock investments. With so many stocks to choose from finding the right ones to invest in can be overwhelming. Even knowing where to begin can be difficult. But it shouldn’t be. Finding potential stock investments abound everywhere and can come from the most unconventional sources including 
The jobs number came in last week way below expectations. With a big drop in the government sector. Mostly at the state and local level. Mark it down as a continued side effect when the budget and debt become political fodder. But trying to jump start a faltering economy with government layoffs is a bit backwards.
I’m a big believer in the idea that as tax payers, it is our civic duty to pay the lowest taxes possible. I’m not suggesting tax evasion, jail time shouldn’t be a possible side effect here. But if the tax system offers a possibility to lower your taxes, take advantage of it.