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How to Invest Like the Pros Do
Any individual investor can invest successfully. Just look at how the Harvard and Yale endowment funds do it.
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FINANCIAL MARKETS WRAP-UP for the WEEK ENDING 6/13/08
The stock market had a decent rally on Friday which brought the major stock US market averages to roughly the breakeven point for the week. Most global indices were flat to slightly lower. However, bond markets around the globe had a rough week and interest rates rose. The US dollar finally had a decent week to the upside. Commodities had a mixed week with oil down nearly 3%, but grains were higher, led by corn which hit a record high.
The action this week can be explained by words from the US Treasury and the Federal Reserve that they want a stronger US dollar. As usual, Wall Street looks at only the headlines and not economic reality. The only way for the US to get a stronger dollar is to raise interest rates.
With the current condition of the US economy and housing market, raising interest rates would make an already bad situation even worse. An already weak US housing market would be hurt by higher rates on mortgages and a stronger dollar would negatively affect the only strong part of the US economy - exports - and our large multinational conpanies like Coke, McDonalds, Boeing, etc. Do our economic 'leaders' have any common sense?
I hope to hear from you sometime soon,either in the forum or in response to this email message. Remember, I'm here to help everyone understand what they need to know about economics and invest successfully!
Tony Daltorio, Investing Editor
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