THURSDAY JULY 8, 2010

Negativity

For the last two weeks, the double dippers have won the hearts and minds of market participants.  As noted in this blog, the dramatic drop in interest rates has been cited as evidence of deflation and the dreaded double dip.  Yet this morning, initial claims for unemployment were better than expected, suggesting, perhaps, that the double dippers are over doing it.  The yield on 10 year Treasury note jumped to over 3% on the news.

Look for the doom sayers to now say that rising interest rates will kill the economic recovery!

POSTED AT 1899-12-30 08:32:00.0

KEN ENTENMANN, CFA
SENIOR VICE PRESIDENT AND
THE DIRECTOR OF INVESTMENT MANAGEMENT SERVICES

Ken is a Senior Vice President and the Director of the Trust and Investment Services at Alliance Bank, N.A. He has 23 years of investment experience and oversees the management of assets totaling $1 billion. He holds a B.S. in Applied Economics and Business Management from Cornell University and an M.B.A. from the William E. Simon Graduate School of Business Administration at the University of Rochester. He has also earned his Chartered Financial Analyst designation. He is a member of the Executive Committee of the Trust Division of the New York Banker's Association. He is also a director of the Central New York Community Foundation.

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