Opening Statement from the June 2015 Dividend Gems

Opening Statement from the June 2015 Dividend Gems

First published on June 21, 2015 for subscribers to Dividend Gems

For about one year now we have been leaning towards a first rate hike in the US during the latter part of 2015. Several months ago we even began to call for the first hike to be delayed until Q1 of 2016 due to the continued weakening on the global economy.

The consensus of economic and political bureaucrats has been gradually advancing towards our camp. We suspect they are beginning to realize the global economy is not as strong as they had previously perceived. Recently, even the often lagging IMF has advised the Federal Reserve to wait until Q1 2016 before raising short-term rates.