Segment 1: Groundhog Day in Washington SEGMENT BEGINS AT 00:37 Many Americans may not realize that the current debt ceiling debate is not about future expenditures but about already-promised current obligations. The wheel goes round and round and round and yet it...
by Jerry Robinson, FTMDaily.com Editor-in-Chief
PERSPECTIVES – 5/19/13: Last week we enjoyed a nice rise in our stock holdings as the global equity markets continue to spike higher courtesy of the worldwide campaign of monetary easing. The current rally in stocks is impacting the bond market. Since early May, the yield on the 10-year Treasury has leapt from around 1.6% to nearly 2% this week. This is evidence of at least some rotation out of bonds and into stocks, but money is also coming into the global stock markets through savings accounts and CDs as the masses begin to believe the wild tales of central bankers.
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