Tuesday, November 12, 2013
As always we try to answer questions in 25 words or less as a personal challenge and to provide brevity to readers.. For those who wish to count along, remember the question length does not count toward the 25 word limit..
So let's begin..
A: All Vets should be honored. Just not on that specific day. Imagine Fourth of July changed to 'Global Freedom Day'; Christmas becomes 'All-Religions Day'...
Q: Why are all these stores pushing their Black Friday shopping to Thursday night? It seems so stupid and totally unfair to their employees. Must be greed, right? -- A. Logan, Tyler, TX
A: Greed.. and Desperation. Six less shopping days between Thanksgiving and Christmas vs 2013. Also Hanukkah ends on Dec 4th and they buy stuff too..
A: Correction coming in January. Fed will start to taper; Investors will freak. Also, government will re-shutdown then. Fed will respond with even More QE.
Q: I notice the financial news commentators never tell people when to sell shares of stock. I'm invested quite a bit and feel nervous but I don't want to pull out if it keeps rising like it is.. Yet I don't want to get burnt either.. When is a good time to sell and protect my investments? -- G. Gardner, NYC
A: We don't give financial advice. That said, trust your instincts.. Fed has pumped the System in 90+% of months going back to 2008; Not sustainable.
A: Housing is in a rut; Recently the cancellation rate for Q3 surged to highest since December 2008. No job- no money- no home.
And our last mailbag question....
Q: I've read today that the Fed could lower interest rates even lower to stimulate the economy, much like how the European bankers got a boost when interest rates there were lowered to 0.25% to borrow.. What are your thoughts on this? -- M. Wasser, Ocala, FL.
A: They could but that's only for banks to profit from, not you. Mortgage rates still going up.. Savers still getting killed..
See you next time ~
Posted by Susquehanna at Tuesday, November 12, 2013