Friday, September 4, 2009

Jobless recovery

The big economic news of the day is the monthly employment report. It is expected that job losses are trending down. That's the good news. The bad news is that the unemployment rate will probably be 9.5%. Most economists are now saying that the recession has ended and that inflation will not be a concern. Interest rates should stay low for some time and most Fed watchers do not expect a change in rates until 2011. While an economic recovery is underway, experts warn that the rate of recovery will be very slow. What does this mean for you? Invest in solid companies. Preferable ones that are paying dividends. After all, you can't fake dividends! So cheer up! It's a 3 day weekend, football season has begun, and the worst is behind us!

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