While only a partial week with the holiday shortened Monday, there were a lot of events that occurred.
Mario Draghi In the House
ECB (European Central Bank) Chief Mario Draghi announced more cowbell stimulus
- EU Marginal Lending rate cut from .4 to .3%
- EU Refinancing Rate from .15 to .05%
- EU Bank Deposit rate from …. -.1 to -.2% … yes you read that correct, Negative
Care to guess when the announcement was made?
Recall, most countries like their currency being WEAKER as it makes exporting more competitive, although a headwind for imports.
Euro < 130 .. More to come ? Sure looks like it !
All New Helpful Videos
Given client continued usage of our web pages, this blog site, and new technology improvements … over the labor day weekend (yaya … boring for many, but fun for me) I recorded three videos that are our most common requests or confusion.
This will not be the last for sure, as they were fun to do, helpful, and useful to show future technology improvements.
New Mug Shot in the Making
Mid week marks the first official new mug shot in over four years …. Wow, where did that grey come from … Oh well, after much prodding by Cathy (office manager) the coming D Magazine “Best Financial Planner” award will have an updated (or old dated ?? haha) new mug shot !
Have a Great Friday and a Super Weekend!
John A. Kvale CFA, CFPhttp://www.jkfinancialinc.com http://www.street-cents.com 8222 Douglas Ave # 590 Dallas, TX 75225