Monthly Archives: August 2011

Treasuries Gain In August –

Posted on 31. August 2011 by Jim Sutliff

Treasuries posted their biggest monthly gains since December 2008.  Investors looked towards the safety of US Treasuries even as Standard & Poor’s downgraded US debt.  The yield on a 10 year note fell 60 basis points in the month of August as compared … Continue reading →

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Washington Monument Closed For Repairs –

Posted on 25. August 2011 by Jim Sutliff

The Washington Monument has been closed to repair damage from the earthquake.  The 5.8 magnitude earthquake also caused damage at the Washington Cathedral which has also been closed.  Engineers are studying the damage at the Washington Monument and there is not … Continue reading →

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Stocks Gain –

Posted on 22. August 2011 by Jim Sutliff

Stocks are trading above the 10,900 mark on Monday as traders speculate on more Fed action.  Also, the possibility that the Federal Reserve will announce another quantitative easing program to counter recessionary concerns have kept Treasury yields at record lows. … Continue reading →

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Fitch Rates US Debt AAA –

Posted on 17. August 2011 by Jim Sutliff

On Tuesday, Fitch Ratings announced that they were keeping U.S. debt at a AAA rating.  In addition, the outlook was kept at stable.  Moody’s has U.S. debt rated AAA with a negative outlook.  Fitch Ratings indicated that the outlook could change to negative if Congress … Continue reading →

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Bachmann Wins Straw Poll –

Posted on 14. August 2011 by Jim Sutliff

Michelle Bachmann won the Ames straw poll with 4,823 votes.  Ron Paul  came in second with 4,671 votes and Pawlenty finished third with 2,293 votes.  Rick Perry received 718 write-in ballots and is considered a top tier Republican candidate.  Perry announced … Continue reading →

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Rick Perry Set To Declare –

Posted on 12. August 2011 by Jim Sutliff

A spokesman for Texas Governor Rick Perry has indicated that Perry will run for President.  The Republican is expected to announce his candidacy on Saturday.  Rick Perry has a strong record as Governor and proven fundraising skills.  Perry will be a top … Continue reading →

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Munis Downgraded –

Posted on 9. August 2011 by Jim Sutliff

Standard and Poor’s downgraded over 11,000 municipal bonds that are closely tied to the federal government.  The downgrades in the muni market were expected after Standard and Poor’s downgraded U.S debt last Friday.  The munis will now have the AA+ … Continue reading →

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Debt Concerns Grow –

Posted on 6. August 2011 by Jim Sutliff

World leaders are meeting this weekend to discuss the debt crises in Europe and the United States.  The downgrade of U.S. debt by Standard and Poor’s on Friday will test the strength of financial markets.  Also, markets may negatively react if the … Continue reading →

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Senate Supports Debt Plan –

Posted on 2. August 2011 by Jim Sutliff

The Senate voted 74-26 in support of the debt plan.  The plan was supported by 46 Democrats and 28 Republicans.  The plan is expected to cut spending by $2.4 trillion and raise the debt ceiling by $2.1 trillion.  However, most of … Continue reading →

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House Passes Debt Legislation –

Posted on 1. August 2011 by Jim Sutliff

The House passed legislation to raise the debt ceiling with a vote of 269-161.  Only 66 Republicans opposed the bill and 95 Democrats supported the legislation.  The legislation will raise the debt ceiling by $2.1 trillion and cut federal spending by $2.4 trillion.  … Continue reading →

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