I was on holiday for a few day's last week so no blog. I think it is very healthy to take a break and recharge I saw one of the most amazing places I have seen to date and I thought I would just share that this week.
Click link to see pictures.
http://www.facebook.com/profile.php?id=576819850&ref=profile#/photo.php?pid=1873269&id=576819850&ref=mf
Tuesday, June 16, 2009
Thursday, May 28, 2009
Why rates are on the rise
NEW YORK (CNNMoney.com) -- The government is going deeper into hock and that's starting to make people nervous.
Investors have been dumping long-term Treasurys as of late on concerns about a glut of bonds flooding the market this week. And that's pushed rates, which move in the opposite direction of bond prices, to their highest level since November.
The yield on the U.S. 10-year Treasury note has shot up to about 3.7% this week following auctions of $40 billion auction in 2-year notes Tuesday, $35 billion in 5-year notes Wednesday and $26 billion in 7-year notes Thursday.
Simply put, it's growing increasingly difficult to imagine that there will be enough demand for all these Treasurys.
"The market is having a tough time absorbing all this debt. There's so much supply," said Stephen Mahoney, a portfolio manager with Glenmede Investment Management, an investment firm in Philadelphia with about $4 billion in fixed income assets.
The bond auctions are setting off alarm bells for people who believe the government is spending too much money to finance the myriad programs aimed at getting the economy back on solid footing.
The stimulus package passed by Congress and the alphabet soup list of rescue plans launched by the Treasury and Federal Reserve for the nation's financial system could cost more than $10 trillion.
The fear is that all this liquidity will lead to inflation down the road. To that end, some point to the recent deterioration in the dollar versus other currencies and the rise in oil prices as evidence that inflation is already starting to creep back into the economic picture.
Investors have been dumping long-term Treasurys as of late on concerns about a glut of bonds flooding the market this week. And that's pushed rates, which move in the opposite direction of bond prices, to their highest level since November.
The yield on the U.S. 10-year Treasury note has shot up to about 3.7% this week following auctions of $40 billion auction in 2-year notes Tuesday, $35 billion in 5-year notes Wednesday and $26 billion in 7-year notes Thursday.
Simply put, it's growing increasingly difficult to imagine that there will be enough demand for all these Treasurys.
"The market is having a tough time absorbing all this debt. There's so much supply," said Stephen Mahoney, a portfolio manager with Glenmede Investment Management, an investment firm in Philadelphia with about $4 billion in fixed income assets.
The bond auctions are setting off alarm bells for people who believe the government is spending too much money to finance the myriad programs aimed at getting the economy back on solid footing.
The stimulus package passed by Congress and the alphabet soup list of rescue plans launched by the Treasury and Federal Reserve for the nation's financial system could cost more than $10 trillion.
The fear is that all this liquidity will lead to inflation down the road. To that end, some point to the recent deterioration in the dollar versus other currencies and the rise in oil prices as evidence that inflation is already starting to creep back into the economic picture.
Wednesday, May 20, 2009
2009 Pole Pedal Paddle
The U. S. Bank PPP drew racers of every type as teams, pairs and individual participants, alpine ski, cross-country ski, bike, run, canoe/kayak and sprint to the finish, in this competition from Mt. Bachelor to the finish line at Les Schwab Amphitheater in the Old Mill District near downtown Bend. With a record number of competitors nearly 3,000 pretty good compaired to last years 2400 racers. They start out with a quick run to jump on a pair of ski's get down the hill as quick as they can. The Elite Division started the alpine ski leg at 9:15am. Spectator festivities started at 11am at the Les Schwab Amphitheater area of the Old Mill District and include food & beverage booths, sponsor booths with everything from apparel to raffles, and music in the Beer Garden. There was close to 10,000 people visiting Bend for the race weekend.
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