01/02/2007

A Time to Heal

Hello:

This week's update is titled in honor of the late President Ford. He will be missed.

It appears that the Fed's pause in raising interest rates is likely to continue, and that interest rates may be lowered in the next 12 to 18 months. We may even venture to say that, barring exogenic events or an abrupt drop in real estate prices, the Fed has engineered a soft landing in the economy.

With domestic manufacturing slowing, with the seemingly unfettered pirating of US intellectual property by foreign nations, and with the likelihood of the value of Euro notes in circulation exceeding the value of US dollar notes in circulation this month, according to the Financial Times, one needs to search thoroughly to find a domestic sector with promise.

At this time, I find the investments associated with healing to be particularly interesting. Biotech, Nursing Care, Healthcare Information, Pharmaceutical Companies and other Medical Services all appear to have potential in light of the aging baby boomer population requesting more and better healthcare.

We look forward to a bright and promising 2007, and wish health, happiness and prosperity to you and your family.

Terri G. Millson, CIMA, CIMC President

Ray Dicius, CSA, GEPC LPL Branch Manager