There were high hopes for the latest Italian debt sale, but they were disappointed. Indeed, even though Italian debt costs dropped below 5 percent, the sale failed to raise the kind of money needed to overcome some of the budget woes. As a result, the euro is down against its major counterparts.
Greenback may be lower against the euro right now, but it is already showing signs of drifting higher as risk aversion makes an appearance. Retail sales data in the United States was disappointing, and now riskier assets are losing ground. That means that the euro may not have the upper hand for much longer.
Interest rates have inched up but they are still ridiculously low. As a result you might be one of many people desperately looking for income. That’s fine. But the problem is that many investors look for that income in the wrong places and take risks they may not be aware of. Let’s take a tour of the various investment income options that are...
Please look carefully at the picture of the bell curve above. It is the key to understanding why most people lose money investing. The good news is that once you understand this picture it can help you avoid making catastrophic investment mistakes.