Martin Feldstein believes unemployment can decrease to 5.5% but it will be slow. Europe will have issues getting near these levels.
Professor Feldstein is concerned about the smaller commercial housing and residential housing debt issues.
At a Martin Feldstein speech and he suggests that a declining dollar may be the one way to avoid a 1 in 3 chance of a recession. Need exports to increase.
Tuesday, July 12, 2011
The stock market seems to be consolidating for a potential stronger move in the 4th quarter...stay tuned.
Monday, July 11, 2011
Adding foreign currency exposure this month to further diversify portfolios into our 5 multiple asset classes.
Saturday, June 18, 2011
Visited the Antietam Battlefield. Hard to believe the casualties and poor Union strategy.
Thursday, June 9, 2011
The U.S. stock market is oversold and could create specific buying opportunities in undervalued sectors...stay tuned.