August 4th, 2008

I pay close attention to the financial news. It's part of my job to know what's really going on in the general economy so I can properly train other advisors and guide my personal clients with integrity.

Below are six articles from financial news sources from last week I encourage you to skim the first five and read No. 6 carefully.

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Government debt nears record high

The Bush administration announced its plans to borrow billions of dollars to deal with the skyrocketing budget deficits, placing the blame for the near record levels of debt on the dismal economy a...

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President Bush signs housing rescue bill

Despite previous threats to veto any proposed housing bill, President Bush today signed a controversial bill that aims to help the limping U.S. housing market as well as provide a financial boost m...

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Home prices down 15.8% in one year

Between May 2007 and May 2008, the cost of homes in the U.S. declined an unprecedented 15.8 percent, indicates the Standard & Poors/Case-Shiller Home Price Index of 20 cities. This figure...

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Hedge funds to post worst month in five years

Hedge funds may post their worst month in at least five years after bets on financial stocks and crude oil backfired. Wagers on a decline in financial stocks and homebuilders soured afte...

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IMF: Housing recession, credit condition will worsen

The International Monetary Fund (IMF) today said there is no visible end to the ongoing housing recession in the U.S., adding that tough credit conditions could contribute to an extended economic s...

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 No. 6...

 

March 3 2008: 3:38 AM EST

Don't expect another bull market

Stock returns may never be the same - at least for this generation of investors.

By Allan Sloan, senior editor at large

(Fortune) - Although you won't find it listed on your calendar, we're approaching the anniversary of an epochal event. No, it has nothing to do with the NCAA basketball tournament. It's a different kind of March Madness: The end of the bull market that lasted for a generation and changed the way that Americans think about stocks.

Read on... http://money.cnn.com/2008/02/29/magazines/fortune/bull_market.fortune/index.htm?postversion=2008030303

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4 Comments on Financial News From The Week Of July 25th, 2008...

AUG
04
2008
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I am not sure of the point of your article unless it is to scare everyone.  Personally, I am tired of the bleak and dismal picture that everyone is painting.  It is further weakening out economy by scaring buyers.

2:28pm • #1

I agree with Maria!!!!! Skip the doom & gloom & let's talk about the resilient group of people that makes up the United States economy.

Are there issues that need to be overcome? Yes! - Are we going to overcome them? Yes!! Is it going to help anything by skipping over the positive news & always reporting the negative? No!!!!!

That's my .02

Cheers!

2:36pm • #2

Maria,

Thanks for your comment. It's not my intention to paint a 'bleak and dismal' picture.

The point of the post is to inform - nothing more. It reports unvarnished facts and is addressed to professionals like you that must advise clients based on information available in the general media as well as the more in depth info available because of your status as a professional.

Since the article referenced address issues relating to personal finances, mortgages, home equity as well as the general trend of the investment markets, I thought they might add something to your arsenal when you address your clients needs. It's up to each of us to re-characterize the information we receive. My clients see clear and unbiased reporting of the goings-on in the economy as a positive. I'm sure yours would also.

Thanks again. jr

 

2:42pm • #3

Thanks also to Dan. jr

 

2:44pm • #4

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Jeffrey Reeves

Denver, CO

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Address: 1270 Jasmine Street, Penthouse Suite, Denver, CO, 80220

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