Jumbo CD Investments - Newsletter

Random Thoughts

Oil and the price of it are certainly the big subject of the day. Oil has proven to be the most economical and effecient way to operate cars and many other things we depend on. Although solar and wind are great ideas, it is expensive to produce the necessary equipment. Battery power is gaining traction, but cost and convience are still a hindrance. What are your thoughts? Here is an idea that has been seen around the internet. I read it in a local newspaper.

Thought for the day…OPEC sells oil for $136 a barrel. OPEC nations buy U.S. grain at $7 a bushel. Solution: Sell grain for $136 a bushel. Can’t buy it? Tough! Eat your oil! Ought to go well with a nice grilled fillet of camel butt - from Ted Hickman - That's Life

Market News

The FOMC held rates steady at their June meeting. Although their bias has shifted towards inflation, with the economy still dragging along, I don't think they have much room to move rates up. However, CD Rates have been climbing on their own. I've seen some 1Y rates at 4.20% and 4.25%

Not much good news for stocks. They have dropped over a thousand points since last month. The price of oil is just wrecking havoc with almost all areas. Car makers are struggling, shipping companies are struggling, grocery stores are struggling, just about everyone.

With all the negative, I wanted to bring you some good news.

• Highway deaths down in 35 states
• Unbreakable Bond
• Daddy's Heroes

Note: The links above are posted purely because I found them interesting. None of the sites contacted us or are paying us for featuring them. I just like to do some of these things to "Pay It Forward" as they say. I will probably feature some of these on the blog as well.

Savings and Money Market Rates

Institution	APY
More Savings Rates

CD Rates

Institution	APY
Wachovia	1Y -- 4.25%
Jumbo CD Investments No fee for this rate and it is a little higher than it is on the web.	2Y -- 4.45%

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Please let me know what you think about the newsletter. cd :O)

Disclaimer: Jumbo CD Investments does its best to accurately verify information. However, we cannot and do not guarantee the accuracy of information provided on our website or publications. Futhermore, Jumbo CD Investments does not guarantee, approve, or endorse the information or products available at these institutions or their websites. News and articles published by Jumbo CD Investments are for informational purposes only and do not serve as investment advice or as a recommendation of the products or businesses described within. The opinions herein are the opinions of the author and do not necessarily reflect the opinions of Jumbo CD Investments. Rates can change at anytime.