William (Bill) Patalon III is the Executive Editor and Senior Research Analyst for Money Morning. Before he moved into the investment-research business in December 2005, Bill spent 22 years as a journalist, most of it covering financial news as a reporter, columnist, and editor that included stints withGannett Co. Inc., and The Baltimore Sun.
Today Bill is the creator and editor of Private Briefing. With his latest project, he takes you "behind the scenes" of his established investment news website for a closer look at the action. Members get all the expert analysis and exclusive scoops he can't publish... and some of the most valuable picks that turn up in Bill's closed-door sessions with editors and experts.
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If Janet Yellen raises rates in December, it will likely be so the Fed can cut them again shortly thereafter.
It makes sense – official U.S. debt tops $19 trillion (and rising fast). Unfunded liabilities take the total to nearly $127 trillion. Raising rates by just 1% would cost the Fed unfathomably more in additional interest that comes right from the federal budget.
Were it to hike rates, the central bank would cut its own feet off, too. The Fed’s bond inventory is so massive, Goldman Sachs estimates it would take a $250 billion haircut on a 1% hike.
So I feel pretty confident that we won’t see anything but a token increase – if that – anytime soon.
So, now more than ever, investors need to find a nice, secure source of yield among the slim pickings available; something with the wherewithal to hold up under uncertainty and change.
I’m going to show you the best one I know. And the best part is, its “secret ingredient” is more than powerful enough to overcome any interest rate hike, whether it comes from the Fed or the market.
The income is great, and you’ll love the capital gains, too…
Tags: Stocks
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