Saturday, June 11, 2011
Tuesday, May 17, 2011
Believe or Not Prepare for Hurricane Season in Southern CA
Prepare the Home for 2011 Hurricane Season
RISMEDIA, May 17, 2011—Batten down the hatches—plus the windows, doors and roof. Hurricane Season 2011 starts on June 1 and—based on expert predictions—it could be a whopper. At Colorado State University, forecasters believe the number of named storms will reach 16, and they predict there’s a 72 percent chance that the entire United States coastline will be affected by at least one major hurricane landfall in 2011. The Weather Research Center in Houston has forecast at least 10 named storms in 2011 with six of them projected to intensify into hurricanes. And, they’re predicting that coastal areas in west Florida, Louisiana and Alabama have a 90 percent chance that they’ll be in the line.
RISMEDIA, May 17, 2011—Batten down the hatches—plus the windows, doors and roof. Hurricane Season 2011 starts on June 1 and—based on expert predictions—it could be a whopper. At Colorado State University, forecasters believe the number of named storms will reach 16, and they predict there’s a 72 percent chance that the entire United States coastline will be affected by at least one major hurricane landfall in 2011. The Weather Research Center in Houston has forecast at least 10 named storms in 2011 with six of them projected to intensify into hurricanes. And, they’re predicting that coastal areas in west Florida, Louisiana and Alabama have a 90 percent chance that they’ll be in the line.
Monday, May 16, 2011
Wednesday, May 11, 2011
Tuesday, April 12, 2011
Market Commentary
Inflation concerns weighed on mortgage rates last week. Despite rising commodity prices, Fed officials appear to be in no rush to tighten monetary policy. Investors, worried about the risk of higher inflation, pushed mortgage rates a little higher.
While the ECB (European Central Bank) and China raised rates this week to fight inflation, US Fed officials continued to downplay the risks. According to the Fed Minutes released last week and in recent statements, the majority of Fed officials maintain the view that higher commodity prices are unlikely to raise future inflation expectations. These officials expect the impact to be "transitory" and "muted". To support the economic recovery, they believe that the Fed should move slowly in removing monetary stimulus. The more hawkish minority at the Fed is gaining support, however, several Fed officials have suggested that the Fed may need to tighten monetary policy before the end of the year. In light of the Fed's debate, investors will be closely watching this week's important inflation reports.
Even with higher energy prices, consumers continued to spend freely on other items last month. The March sales figures from about two dozen retail chain stores released last Thursday were stronger than expected. Consumer spending accounts for about 70% of economic activity, so this data was encouraging news for the economy!
Provided by COHEN Financial Group, 310.777.5401
While the ECB (European Central Bank) and China raised rates this week to fight inflation, US Fed officials continued to downplay the risks. According to the Fed Minutes released last week and in recent statements, the majority of Fed officials maintain the view that higher commodity prices are unlikely to raise future inflation expectations. These officials expect the impact to be "transitory" and "muted". To support the economic recovery, they believe that the Fed should move slowly in removing monetary stimulus. The more hawkish minority at the Fed is gaining support, however, several Fed officials have suggested that the Fed may need to tighten monetary policy before the end of the year. In light of the Fed's debate, investors will be closely watching this week's important inflation reports.
Even with higher energy prices, consumers continued to spend freely on other items last month. The March sales figures from about two dozen retail chain stores released last Thursday were stronger than expected. Consumer spending accounts for about 70% of economic activity, so this data was encouraging news for the economy!
Provided by COHEN Financial Group, 310.777.5401
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