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 2009 – More 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 Shore – I 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.
Take care all –