By Darrin Stobaugh
Still Safe in the US!
As Treasuries climb and yields slide to record lows due to continued speculation that Greece’s failure to achieve their bailout targets and worsen the European debt crisis, has made US Treasuries the safest place for investor’s money. On the bright side, money from around the world is coming to the US, which helps bolster the US economy. For more safe news, check out: http://www.bloomberg.com/news/2012-07-23/treasury-10-year-yield-touches-record.html
Oil slips on Europe!
Crude oil has declined dramatically today as the European debt crisis continues to weigh on the speculation of demand for crude oil. On the bright side, the less oil costs, usually the cost of gas declines, which allows Americans to have more spendable cash for housing or consumer goods, which both boost our economy. For more slick news on oil, click: http://www.marketwatch.com/story/oil-extends-loss-as-stocks-sell-off-2012-07-23
Usually we post news of the Weird here, but we find it more poignant to take this space to take a moment to send our prayers and good thoughts to the victims and their families of the Denver, Colorado shooting. So please join us in a moment of silence………….
Today’s rates are slick as oil and sliding down by a few ticks!
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