Monday, July 8, 2013

DON'T LOOK NOW

You may soon be paying to cash your paycheck or pay card. It's another way big banks have figured out how to screw workers. They've enlisted the help of employers to steal some more money and your elected officials, left and right, who are owned by the banks, sit there with their usual response: "Duh!"

http://www.moneytalksnews.com/2013/07/05/prepaid-cards-are-replacing-paychecks-at-more-companies/?utm_source=newsletter&utm_campaign=email-2013-07-06&utm_medium=email
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                                     RISING INTEREST RATE OPPORTUNITIES

Cyclical stocks have been the market’s best performers during lengthy periods of rising rates. Research firm Birinyi Associates studied nine such cycles since 1962 and found that the technology, industrial and materials sectors averaged double-digit gains in the six months after interest rates started to rise, while the utilities and telecommunications sectors lost ground and consumer staples lagged the S&P 500.
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