US Economy-

After a mid-year slow down, the economy is continuing to improve in an asymmetrical fashion. Manufacturing and housing are still very weak while technology, service and energy/commodities are gaining ground. The US dollar is in a global race for the weakest currency among western nations as the result of Z.I.R.P. (zero interest rate policies), continued massive Federal Reserve bond purchases and improving exports. This has caused a whiff of inflation, sending gold and base commodities higher, along with a potential peak in the price of Treasury Bonds.

Fourth Quarter 2010 Newsletter – Hope for 2011

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