Weekly Update:

Good morning and happy Monday!

The economic focus of the week has been the unrest in the repo market.  The New York Federal Reserve has stepped in and injected liquidity.  The rationalization for this lack of liquidity includes corporate tax payments, debt issuance, and lack of participation in the markets.  The Fed has pledged to keep funding markets until at least October 10th.

The other news blanketing the world is the opening of the impeachment inquiry of President Trump.  These charges are based on the President’s handling of his requests to look into the previous Vice President Biden’s son and his lucrative board seat at a Russian oil firm.  One close friend stated that the news is a clown show.  I agree.

Contact your MFA advisor to discuss ways to grow profitability with an inverted yield curve.  All of us at McQueen Financial are dedicated to your long-term success.

And, a reminder to join us for the 2nd installment in the MFA Webinar Series: Budgeting and Strategic Planning: Beyond the Numbers. Hosted by myself and Jim Craven, it is aimed at helping you gain a better understanding of the importance of maintaining focus and methods to integrate strategic planning into your budgeting process. Please click the icon below for more information and registration.

Have a great week!

Charley

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