Emerald

The Second Reason Consumers Aren't Spending

I recently took a tour of three major malls and a Home Depot store. Employees mentioned that it was "very quiet" and sales were very slow. The only busy store was the Apple store. The same is true at restaurants. Observable facts are the basis for economic observations today. Consumers are cutting back and debt destruction is picking up steam. Overall, stocks are not a good choice today. Invetsment grade corporate bonds and a well diversified municipal bond fund with an average duration of six years or less plus a Ginnie Mae fund are the safets investments will a decent yield. Wait for the next pullback in stocks to buy solid companies with safe dividends like McDonalds, Microsoft, J&J, Pepsico, P&G.