Tag Archives: Credit Agency

Fitch threatens more downgrades including the Symbolic Biggest bank, JPMorgan …. Not surprising, Interest Rates Move Up!

During the Great Financial Crisis (GFC) of 07-09 – (some ways seems like an eternity ago…others yesterday – ok, digressing again) Credit Conditions fell apart quickly and with little warning….

The big three Credit Agencies at the time and still today ….Moody’s, Fitch and S&P Global – then called S&P were late to the softening credit cycle and caught a tremendous amount of scrutiny for a lack of warning as Credit Conditions brought a tremendous amount of pressure to the Financial System…

In True Fooled me once like fashion, they are intent on NOT being late to the party this time.

Fitch Threatens Further Downgrades

With Fitch stepping into the credit Downgrade pool first followed quickly by Moody’s, Fitch is back again raising awareness with a symbolic threat to the largest bank in the US, JPMorgan…

Would not be surprised to see the lone silent Agency speak up soon, S&P Global, if for no other reason to save face in case there is a serious weakening….

Bond investors are taking the comments serious and repricing interest rates Higher/Bonds lower values to accommodate higher risk associate with the agency call.

Short term a little headwind on bond values… long term a HUGE advantage in the form of bigger coupons from our Safe Money – NICE!

Oh… Jerome Powell and the rest of his board members on the FOMC (Federal Open Market Committee) have their popcorn out as they happily watch this slowdown occur !

Have a Great “Higher Safe Money Rates” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.



July 2016 Video, Financial Planning Tip and Economic Review- By John Kvale

Here is our July 2016, Monthly Economic and Capital Market Review, along with a Video for your viewing and listening pleasure. Hope you are enjoying!

July 2016 Video


Financial Planning Tip –

What to do when your identity is stolen

This article was so popular this month we wanted to review it again at a very high level as it made our Financial Planning Tip of the month:

Things to do when your identity is stolen:

  1. Review the Federal Trade Commissions site on Identity Theft and Fraud Alerts
  2. Visit one or all of the credit agencies to alert them to your situation and ask them for a free 90 credit monitoring program (Transunion and here is Experian)
  3. If it was a severe attack and damages occurred, consider a Identity Theft Recovery Plan
  4. Consider a Credit Freeze

Economic Update

Payroll Jumps

We crowed loudly at an outlier payroll report two months ago. As a reminder job hiring AKA Payroll is a measure of the economy. The May report released in June was… well a real stinker. As we mentioned, it just did not add up…..


7-9-16 united-states-non-farm-payrolls

Boom!… Nice bounce back- far right bar!

Have a Great Day!

See you again at the end of August and the beginning of school !

John A. Kvale

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
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