MFA Musings: 5/20/19
Today’s Title: Skylines Rising… By Charley.
I am currently in New York City for a conference, and as I look at the skyline, it reminds me of my hometown of Detroit. There is a lot of building going on; cranes are all over the city. Economic prosperity is happening everywhere I look.
As I chat with clients who have construction suppliers or builders as friends, they all have the same complaint; the contractors are all too busy. Even though the Federal Funds futures predict a chance of a reduction in the Federal Funds rate, I do not see it. People are spending money and happy.
The temperature is rising, and with it, a positive outlook. We believe there will be housing spending and economic activity. It is time to enjoy the economic environment.
Contact your MFA advisor to discuss ways to grow profitability with a flat yield curve. All of us at McQueen Financial are dedicated to your long-term success.
Have a great week!