President of Capital Financial Advisory Services in Sacramento California Keith Springer Announces the Release of his Latest Market Update Newsletter
Lynch BP Already and Get on with the Recovery!
SACRAMENTO, Calif. (MMD Newswire) June 18, 2010 -- Keith Springer, President at Capital Financial Advisory Services provides in-depth analysis on the BP oil crisis, the global debt crisis and the U.S. economic recovery in his weekly Critical Economic and Market Update newsletter.
"The BP disaster and subsequent hearings are good for one thing: providing a nice distraction from the economic troubles both here and abroad," Springer begins.
"The market finally appears to be getting past the European crises and is resuming its uptrend following a nasty but needed correction. At the moment, the Greek and EU problems seem to have been successfully swept under the rug and, according to politicians, they should not ever reappear," Springer continues. "However, realists can only hope for a reprieve of at least a couple of months."
"The current financial problems are very real and affect the entire world. The population of every developed country is aging rapidly and the basics of demographics are simple:
• People spend less as they get older.
• Less spending means lower demand for goods and services.
• Lower demand translates into less supply needed.
• Lower supply means fewer people are needed to build stuff, and unemployment rises.
• High unemployment means people have less money to spend...including on taxes!
• Less spending leads to financial crises."
To view more of Keith's newsletters visit www.KeithSpringer.com and click the "Weekly Economic and Market Updates" link, email Keith@KeithSpringer.com or call (916) 925-8900
Keith Springer is President of Capital Financial Advisory Services, a SEC Registered Investment Advisory Firm, frequently provides commentary and analysis for various global and national media outlets. He has developed a proprietary process for successfully building tax-efficient retirement portfolios and has been providing specialty wealth management services for over 25 years.
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