Former Federal Reserve Chairman Alan Greenspan does want his legacy tainted by not recognizing or addressing the housing / credit bubble. As such, it appears that he is trying to redeem his reputation. In today’s Wall Street Journal Opinion section, Mr. Greenspan warns that the United State’s debt and financial problems will be analogous to Greece if we don’t take swift action soon. In no way do I want to misquote Mr. Greenspan or dilute his message. As such, I strongly recommend that you click on the following link and read comments. I won’t take more than five minutes, but it will be time well spent.
http://online.wsj.com/article/SB10001424052748704198004575310962247772540.html?mod=ITP_opinion_0
Anger is not always bad
CEO and founder of Minyanville.com (an Emmy award winning website that provides an entertaining and educational look at the world of business, money and the financial markets), Todd Harrison has some interesting comments regarding the stock market and current events. I believe his commentary is rather interesting and really not politically motivated. Bottom line, he sees a lot of potential for the U.S. and global economies, if the current negative moods and anger being expressed are positively channeled into solutions. I agree that it is much better to see problems and do something to solve them, than do nothing but grumble. The following is a link to his commentary.
Update from Toan Nguyen (Director of Operations)
Based upon client feedback, we are changing our reporting format. Our goal is to provide you the information you desire, without overwhelming you with what may be considered unnecessary reports.
Currently, we are sending out expansive performance reports semi-annually. We are changing our format to provide a performance summary in July and full year-end performance reporting and summaries in January. These reports are separate of the investment / portfolio analysis we provide via Morningstar®.
In addition, we are moving to a more proactive client communication strategy that uses our new client meeting scheduling calendar. This helps ensure that we meet and communicate with you (our clients) as often as necessary. With more concise performance reporting and expanded investment analysis from Morningstar®, we hope to better communicate how our investment strategies are designed for your specific financial goals and objectives. More details regarding reporting and what you can expect will be provided in future commentaries.
Quotes
The following quotes from Thomas Jefferson are quite insightful:
“It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.”
“The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.
Thomas Jefferson said in 1802:
“I believe that banking institutions are more dangerous to our liberties than standing armies.
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property – until their children wake-up homeless on the continent their fathers conquered.”
Tony Moeller, President
Integrity Investment Advisors
12721 Metcalf, #202
Overland Park, KS 66213
tmoeller@iia-kc.com
913-897-2074
The information listed in this commentary is a compilation of various publicly available sources and is for informational purposes only. It is not a recommendation or solicitation of any particular investment or strategy. A risk of loss is involved with investments in the stock and bond markets.
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