ProFutures Investments - Managing Your Money
Gary D. Halbert - ProFutures Investments
Gary D. Halbert
President & CEO

Read Gary's BIO

"We never have, never will
sell or share your
contact information."

"We help investors succeed in today's complicated and volatile markets by providing timely information and global intelligence covering a broad spectrum of topics affecting the markets and your money."

Gary D. Halbert's Latest E-Letter

July 22, 2014  -  Economic Outlook Dimming, Yet Fed Plans Rate Hikes

The mainstream media was largely successful in convincing the public that the dreadful 1Q GDP number (-2.9%) was the result of the bitter winter in January and February. The media spin was that the economy would snap back strongly in the 2Q with growth of 4%, 5% or even 6%. While there were some encouraging economic reports in April, May and early June, the economy now appears to be losing momentum again.

Predictions of 4-5% GDP growth in the 2Q have faded. A new Wall Street Journal poll last week found that forecasters on average expect 2Q GDP growth of only 3.1%, down from a 3.5% estimate a month ago. The same poll of 48 forecasters now expects the economy to grow by only 1.6% for all of 2014, down from 2.8% forecast earlier this year.

Despite this dimming economic outlook, the media is now concerned that the Fed may begin raising interest rates sooner rather than later, and that the expected series of rate hikes will happen more rapidly than previously expected. But is there any real evidence that Janet Yellen and the Fed have changed their plans? I don’t think so. I’ll tell you why as we go along.

Finally, we’ll round-out today’s discussion by looking at the latest Gallup poll that gauges what most Americans consider to be our biggest problems. For most of this year, Americans cited the economy as our biggest problem. However, in the latest poll a new concern has jumped to the top of the list and for good reason: Immigration/Illegal Aliens.

Read article - Past issues - Subscribe to Gary's E-Letter


Subscribe to Gary D. Halbert's Forecasts & Trends E-Letter

ProFutures, Inc © 2014

Contact Us
OR
Toll Free: 800.348.3601 Local: 512.263.3800

Mailing Address:

11719 Bee Cave Road, Suite 200
Austin, Texas 78738