Truth in Wealth Building

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OPEC may ramp up production

Mid Oregon Credit Union has acquired Bend-based High Desert Bank. High Desert Bank opened 2007. Its five employees have been offered jobs at Mid Oregon. Mid Oregon has seven branches in Central Oregon. (Bulletin) OPEC may ramp up production. OPEC and Russia meet today in Vienna amid speculation that Saudi Arabia will get its 600K…

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Feeling the sunshine

Happy summer everyone! Americans applying for government disability benefits is plunging, evidence that a stronger economy is pulling people back into the job market (NY Times) The 334.3 million mobile phones shipped during the first quarter of 2018 was a 2.9 percent decline year over year and was led by China, which declined to a…

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GE gets the Boot

The Commerce Department said U.S. homebuilding surged to near an 11-year high in May up 5% from last month. Building permits fell 4.6%, the lowest level since September 2017. Barron’s reported fewer than half of US consumers look past the first five options, or the first page of results, at least half the time when…

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Capex has been rebounding

Capex has been rebounding and has the means, motive, and opportunity for a sustained run. We are seeing on-going signs of a rebound in business spending and investment and believe the trend is likely to continue. Lower tax rates and the brining home of foreign profits are giving businesses the means to invest; business confidence…

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U.S. rolls out tariffs

U.S. rolls out tariffs on Chinese goods. President Trump approved a list of more than 1,100 items expected to generate ~$50 billion in taxes on Chinese imports, with an additional $16 billion in goods still under review. Collection is slated to begin in three weeks. The value of the tariffs suggests this is another negotiating…

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Strong retail sales

According to Fannie Mae’s Home Purchase Sentiment Index for May, the rapid rise in home prices is resulting in a divergence in consumer attitudes toward buying and selling a home. Those who said that “now is a good time to sell a home” rose to 46% up 14 points over the year before, while those…

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