Mortgage rates are at all-time lows, said Gorrie, but he’s skeptical saying that’s a big improvement to the economy.
Austin, TX (PRWEB) July 25, 2012
Absolute Wealth and Managing Editor James R. Gorrie have released the latest “The Good, the Bad, and the Gorrie” video, this time commenting on mortgage rates, China’s dollar crushing, and the implications of each.
Mortgage rates are at all-time lows, said Gorrie, but he’s skeptical saying that’s a big improvement to the economy. “We’re not seeing a really big rise in home purchases,” Gorrie said in the video. “We’re not seeing the explosion in the housing market, and the big bump that we ought to get.”
Gorrie goes on to highlight some bad news in the American economic situation, and he focuses in on China’s dollar exclusion zones. China is “setting up trade [that’s] excluding the dollar,” Gorrie said. “It’s bad news, because in my opinion, China is working to exclude the dollar or push the dollar out of the international systems as much as it can.”
What does that do for China? What can be done about it? Who’s going to ultimately pay the price?
Watch the rest of the video for the answers, and check out The Gorrie Details daily Editorial Column that appears every morning on Absolute Wealth’s website.
“The Good, the Bad, and the Gorrie” is a reoccurring series appearing on Absolute Wealth’s YouTube page (viewers can search for the AWPublishers channel) and featured on facebook.com/AbsoluteWealth.
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James R. Gorrie has more than eighteen years of financial advisory experience. He holds a BA in economics, and attained doctoral candidacy in international relations and comparative politics, with an area specialty in international political economy. Gorrie writes daily articles on current macroeconomic and investment topics, Special Reports, and analyses on geopolitical events around the world that affect the market.
Absolute Wealth is an expert team of real investors and advisors devoted to identifying winning strategies for exceptional returns. Members subscribe to the company’s Independent Wealth Alliance for professional investment analysis and recommendations on the latest market trends and progressions. For more information and subscription instructions, visit AbsoluteWealth.com.