Could there really be opportunity in the Big Apple?

Could there really be opportunity in the Big Apple?

No BS Weekly Update 6/18/2012

In This Issue

Looking in the Mirror

Cool Stuff

Secret Lives of Links

Good Eats

QOTD

I spend money with reckless abandon. Last month I blew five thousand dollars at a reincarnation seminar. I got to thinking, what the hell, you only live once. -Ronnie Shakes

Dear ,

Could there really be opportunity in the Big Apple?

That is the question we will get to in a minute but first let's talk about the big vote over the weekend. Here are some headlines.

Euro crisis far from over, stock analysts warn

Greece election vote leaves Euro in balance

Debt crisis: Market rally falters following Greek vote as concerns over Spain persist

Spanish Yield Surges Past 7% as Greek Vote Fails to Damp Concern

US won't send checks to Europe: Romney

I just want to take a minute to comment on two articles. The first one is the 7% yield on Spanish debt. Seven percent seems to be the tipping point in most cases to unsustainable debt service. It was one of the main factors that pushed Greece over the edge. Now Spain is over 7% and it wouldn't surprise me if we see Italy get there in very short order.

The second issue I want to deal with is Romney's statement that "US won't send checks to Europe". While technically true, in reality it isn't. Here is what I mean. Romney is correct that we won't be sending checks to Greece, et. al. for any sort of bailout.

However a large portion of the bailout will come from the World Bank and the International Monetary Fund. Now ask yourself, who is one of the largest financial backers of both organizations? The United States. And where does the US get the money? From the taxpayers! So actually the US taxpayer WILL be providing a large portion of the bailout for Europe!

And now before we move on to the Big Apple, here is a link to one of the funniest articles that I've seen regarding the Greek bailout.

Unless & Except . . .

New York City - Land of Opportunity?

I've recently come across some data that I think needs to be brought to your attention because I think it could represent an opportunity in NYC that hasn't been seen since the 90's. Take a look at these four charts!

DownDaily 9-22-2011

If you'd like to learn more about what these charts could mean then just click the link below.

http://www.brainshark.com/arlcap/vu?pi=zHKz18M8Pvz1aPgz0

If you'd like more info about the possible opportunities in NYC then just send us a quick email by clicking here:

preames@reamesfinancial.com

Until next week , Protect Your Wealth!

Sincerely,

Egan-Jones: Spain, Italy Will Need Massive Bailouts This Year(MoneyNews)

RF: You might be asking yourself didn't Spain just get a bailout? Yes they did, just last week. This article is talking about the next bailout they will need within 6 months! Then add Italy in there with a bailout of their own and your starting to talk some real problems. Did you realize that Italy is the 8th largest economy in the world? The dominoes keep falling folks!

Greek voices: 'We just feel betrayed. We are the EU's scapegoats' (The Independant)

RF: Here is another part of the problem. The belief that it's not their fault. That they are the EU's scapegoat. The simple fact is that the Greek people are the ones who kept electing the people that put them in this position.

Harvey Golub: A Simple Tax Code Is a Fair Tax Code (WSJ)

RF: Simpler sounds good to me. To me the most bothersome statistic is that 50% pay no income tax at all. I think everyone needs to pay taxes. That way everyone has a little skin in the game.

A Global Recession: The Warning Signs Are Everywhere(Creators Syndicate)

RF: The signs seem pretty obvious to me.

Counting on inheritance? Count again(WSJ)

RF: This is becoming a reality for more and more people.

Laughter

DownDaily 9-22-2011

(www.chartoftheday.com)

Growth

Dick and Rick Hoyt - THE EXTRA MILE

Dare to take the mystery link challenge?

We can't be held responsible for the time you waste or the knowledge you gain by clicking this link!

CLICK HERE IF YOU DARE!

This is one of my favorite grilled fish recipes. I'm the only fish eater in the house so I don't have it often but it sure is good!

(Click for rest of recipe and to print)

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Phil Reames

Reames Financial

1856 Skyler Dr.

Kalamazoo, MI 49008

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preames@reamesfinancial.com

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