Fee-Only Financial Planning in North Carolina

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Monthly Archives: May 2009

China slows US Treasury purchase

It comes as no surprise to our clients that the US is entirely too dependent upon China in order to maintain our standard of living. China has been buying our Treasuries and Fanny & Freddie bonds for years. At the same time it has been building a war chest (maybe poor choice of words) of foreign reserves- about $2T. For years we have been […] Read the rest of this entry »

Commercial property. The next shoe to drop.

The global economic contraction began with sub-prime residential mortgages souring. There will be a series of “next shoes to drop”. Staying with residential mortgages, we are seeing defaults rise on the higher quality loans: Alt-A mortgages and prime mortgages. The market for Alt-A mortgages + prime mortgages is several times larger than sub-prime. Hopefully, the economy will stabilize before a second tsunami is caused […] Read the rest of this entry »