Why,2011,Will,Not,the,Easy,Yea finance, share, loan Why 2011 Will Not Be the Easy Year Most Investors Expect
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Yesterday came news that Standard & Poors had lowered Japans credit rating, as the country failed to cut government spending or raise taxes. But the real news for me Thursday was a report from Moodys Investors Service saying that it may place a negative outlook on the U.S.s credit rating unless the U.S. budget deficit narrows. Could you imagine the havoc a downgrading of the U.S.s credit rating will have on U.S. Treasuries and interest rates?Ive been writing for months about a homemade bond crisis brewing in the U.S. amid out-of-control government spending. (I dont know why anyone would own U.S. Treasuries right nowI dont.) Recently I have also been warning about the municipal bond market and how defaults on debt obligations by U.S. cities, municipalities and states are a serious problem this year.And reality is starting to hit New York State took control of Nassau Countys finances yesterday, as the county failed to balance its $2.6-billion budget. For those of you not familiar with Nassau County, the county is in Long Island, New York, and has a population of 1.3 million people. Forbes Magazine (2008 survey of richest counties) ranked Nassau County as the second richest county per capita in New York State.New York, one of the financially strongest states, can take over one of its countys finances, as it obviously has been able to deal properly with its own books at the state level. But how does a state like California proceed to take over a county that cant balance its books, while California itself sits on a $25.0-billion-plus annual deficit? It simply wont take the same action New York has.On the other side of the economic picture, moving from large budget deficits to consumers, the U.S. Labor Department said yesterday that applications for jobless benefits jumped 51,000 to 454,000 claims for the week ended January 22, 2011. The spike in jobless claims surprised employment analysts, who expected claims to come in at about 400,000.What does all this tell us?The U.S. economy is far from out of the woods. Natural disasters such as storms and tornados leave a path of debris in their aftermath. The 2008-2009 recession has left many countries (not just the U.S.) with a plague of debt. And I dont think most politicians realize how serious the problem has become nor do they know how to deal with it.The year 2011 it will not be the easy year that most investors and analysts expect.Read more on http://www.profitconfidential.com/commodity-prices/u-s-economy/why-2011-will-not-be-the-easy-year-most-investors-expect/ http://www.profitconfidential.com/stock-market-advice/making-money-with-stocks-two-big-things-that-make-all-the-difference/ http://www.profitconfidential.com/stock-market-advice/why-consumer-spending-remains-a-problem/
Why,2011,Will,Not,the,Easy,Yea