Saturday, January 29, 2011

Money in the bank

With few exceptions, everything I read says that investors should stay away from long term bonds.

Any rise in interest rates (they can’t go lower) will cause bond prices/values to fall.

Time Magazine says the states with the highest job growth over the next 2 years (4.7%) will be Texas and Utah.

Lowest will be WY, SD, IA, OH.

Back to our earlier 2010 discussion...

The insurance industry lost 2.5% of its jobs, but salaries in all categories were up.

Household savings continued to climb, but more slowly (now about 5%), up from their low of 1%.

GDP passed its 2008 peak, but the jobless rate remained stuck in the 9.6% range.

Harvey Dorland

Pacific Recruiting

936-597-6500 - direct

hdorland@ez2.net

No comments: