More dark clouds for your silver lining. The Beige Book numbers came in today showing continuing mild deflation. The report, published eight times per year, is a compendium of anecdotal insights from the various Federal Reserve Banks. A report out of Harvard University shows that income inequality in the U.S. that has ballooned since the 1970s is the result of an gap in educational attainment by U.S. children and workers. Prior to that period, children were almost always better educated than their parents. No longer. And fixing this one is going to be tough as the general cultural perception still holds that professional degrees are more important than pure scientific degrees. Lastly, as oil continues to rise, concerns are surfacing that high oil prices could halt the recovery or at least slow down the rebound.
Alex Salkever is the Director of Research at Piqqem.com, a stock prediction community powered by the Wisdom of Crowds
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Reader Comments (Page 1 of 1)
6-10-2009 @ 11:16PM
Yon said...
American schools always have been perceived all over the world (except Arab cultures) as easier, simple and full of futile distractions. It looks like it has continued improving with illiterate HS graduates trying to get into colleges. We have a pack of suckers growing up in this country.
6-11-2009 @ 12:19AM
Chaim Kimelblat said...
The actual Stock Market top (where we are now) has been zigzagging too much.
But the charts warn that any time soon comes the plunge DOWNWARDS.
Schpekulant Suggestions:
1.Keep your money in a safe place. Examples?
Cash
Low-expense Bond mutual funds
Investment-grade bonds
Short and long term Government Bonds
2.Resist temptation to buy stocks just because they look very cheap.
3.Wait. (For many traders and investors this is the most difficult)
Remember you have been warned……….
Remember also that this is just a suggestion, everyone is responsible for his own
investment decisions…. YOU have to take care of your own money.
Chaim Kimelblat aka Schpekulant@gmail.com
Listen with your Brain