Financial Update by Maurice Soussé

Interest rates are still very low right now. We are experiencing a “second chance” environment on rates for those who missed the first round. The financial environment is a bit comical as investment analysts are now calling on the FED to raise rates. Bond king Bill Gross publicly requested that the FED increase rates right away as he feels that a zero rate scenario is stifling to capitalism. I have to agree. How can we have a growing economy without some form of interest? Since we are in the heart of football season our quote is from the great Vince Lombardi who said “Perfection is not attainable, but if we chase perfection we can catch excellence”.