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Our thoughts, ideas, & opinions about the latest developments in the financial industry & how they impact us all.
End of Week Thoughts on the Debt Standoff
Posted by: JAKE HARPER
Posted on: July 29, 2011
Today's disappointing GDP and consumer confidence reports cap a week of equity market decline and continued uncertainty over the debt standoff. No doubt it will be a long weekend on Capitol Hill with a lot of unease for individual investors concerned over the impact of the budget conundrum on their own portfolio.
The link below is to a transcript from yesterday morning on NPR that offers some encouraging insight and advice to investors from some of the nation's biggest money managers:
http://www.npr.org/templates/transcript/transcript.php?storyId=138757165
(you may have to copy and paste link)
As always, we encourage you to speak with your Trust Company Relationship Manager with any questions you may have.