Financial Update by Maurice Soussé

Interest rates are down a touch today on unemployment benefit requests which increased by 3,000 this week. In addition, there were an additional 105,000 layoffs in July due to deep military cuts. This resulted in a lower 10 year bond yield this morning pushing rates down about an .125% over last week.

Remember “Every problem has in it the seeds of its own solution. If you don’t have any problems, you don’t get any seeds” – Norman Vincent Peale.