BOND REPORT: Treasurys Advance On Economic Doubts
SACRAMENTO, Calif. (MMD Newswire) June 18, 2010 -- Keith Springer discusses the outlook for future economic growth after recent housing data was released.
According to Fox Business News writer Deborah Levine, "Bonds pared some of the gains as U.S. stocks recovered much of the day's losses. Bonds reached the best levels of the day after data said U.S. housing starts fell 10% in May to a seasonally-adjusted rate of 593,000. Economists had forecast a 7% drop. A big decline was expected to follow the expiration of a federal tax break for home buyers."
"A separate report showed wholesale prices fell less than expected, while prices excluding food and energy increased more than economists forecast," continued Levine.
"We'll have some growth but it will be very slow," said Keith Springer, president of Capital Financial Advisory Services in Sacramento, California. The data add to his outlook for a "continuation of a 'slog-through-the-mud economy.'"
To view more media interviews with Keith Springer visit www.KeithSpringer.com and click the "Keith in the Media" link, email Keith@KeithSpringer.com or call (916) 925-8900
Keith Springer, 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.