Friday, May 25, 2012

Is The Euopean Union Crumbling?

It's all about the EuroZone. As we mentioned Greece is not accepting austerity measures and riots are getting larger. Markets have started to price in the exit of Greece from the Euro. Standard & Poor’s minutes ago downgraded 5 Spanish bank...s. Eleven Euro leaders have been ousted and if things continue on this path we should expect those economies to be picked off one by one. This should strengthen the dollar and create a flight to quality to our Bond market. As we mentioned, this could cause rates to drop possibly as low as 3.5% for 30 year fixed. Are you prepared? Call me to find out how to position yourself if this occurs.

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