In the news…….

Here are a few current event articles you should check out:

Moody’s Warns of Rising Risk on US Credit Rating A serious situation is developing as the United States Government continues its poor fiscal policies which is driving this country down to an economic plight many of us have never seen.

From the article – “In a statement, Moody’s said it would put the AAA U.S. rating on review for a possible downgrade if lawmakers in Washington do not make substantive progress in budget talks by the middle of July.”

Wall Street Baffled by Slowing Economy, Low Yields: Trader – I have been feeling for quite some time that the stock market increases that have been occurring for the last year has been false. I just do not see the economic data to support the double-digit increases in many mutual funds and stocks.

From the article – “What we’ve got right now is almost near panic going on with money managers and people who are responsible for money,” he said. “They can not find a yield and you just don’t want to be putting your money into commodities or things that are punts that might work out or they might not depending on what happens with the economy.

US Manufacturing Growth Slowest Since Sept 2009More bad economic news. Generally the period leading into summer is a good time for manufacturing as people spend more money during the warmer weather. Obviously this does not bode well for the unemployment rate either as if manufacturing is not increasing – neither will hiring.

From the article – “The pace of growth in the U.S. manufacturing sector tumbled in May, slackening more than expected to its slowest since September 2009, according to an industry report released Wednesday.”

And for fun………

Police: Pack Of 18-Foot Sharks Comes Dangerously Close To Long Island ShoreI love sharks!! Always have – been thinking of getting a tattoo of one on my right arm. I wouldn’t want to swim with them though.

how to bug in

 

Take care all –

Rourke

 

 

 

 

 

 

 


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3 Comments

  1. Rourke, It is humorous to me that they are just starting to figure this economic slow bit. I follow the market daily and I could have told you the same thing they are just waking up about 10 months ago. The sad part about the whole thing is that this time we are going to be unable to pull out of the nose dive we are on. Our money system is so screwed up that there is no going back. We all have many hard times coming up very soon. My prediction is the monetary system fails completely by the end of summer or early fall of this year. They can not sustain the increasing deficit rate they are going at. We are already 1.6 trillion dollars in the hole so far this year and we are only in June.

    • Badvoodoodaddy –

      This is why you are the man!!!! Totally correct. I struggle to see how things can get CORRECTED and REVERSED……..it is just a matter of time.

      Rourke

  2. I find it difficult to believe the “experts” in Washington don’t see the failure of our currency coming. They are either complete financial idiots or complicit. The Chinese see it coming and have “divested” 97% of our t-bills. Sounds like somebody doesn’t think our debt is a sound financial decision. That our currency is seeing its last days saddens and terrifies me. Awareness and prepping help ease the fear though the unknown remains. Have I focused on the right things? Do I have enough of each? What will the world look like when the sun starts shining again?

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