It may be hard to believe, but even with our multi-million dollar oil spill (Kevin Costner to the rescue!), government bailouts, poor municipal investing and rapidly rising Gross National Debt we, meaning the American dollar, are still the best game in town.The problems in Europe and Greece have made the Euro too shaky to count on, so countries like China, Japan, Venezuela, Iraq, Iran, Saudi Arabia (?) and a good part of Europe feel that buying (yes, buying) U.S. Debt is more stable.As it is now, the 10-year yield on the U.S. dollar is a mere 3.25%, which, when compared to the non-existent yield on the Euro, sounds like a pretty good chunk of change.This low yield is a response to the U.S. debt issue and there is no foreseeable rise in sight.So what does this mean?The naysayers of the Euro (the ones who claimed that creating a single currency was only a “quick” fix to a difficult solution) were right, and that with all of our problems, the U.S. dollar is continuing to hold its place as the world’s reserve currency.
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About Marc
F. Marc Ruiz began his career in the investment advisory and planning field in 1993. He is a graduate of Purdue University (Boiler UP!!!).
Marc, his wife Tracy, and their four children live in the Boone Grove area of Porter County. Marc and Tracy are very involved with St. Paul’s church and school in Valparaiso as well as with Porter County CCA, which provides economic and housing assistance to low income families in the community. The whole family is also committed to many forms of youth sports and Marc is a passionate coach of Lady Viking soccer in Valparaiso.
When free time presents itself Marc prefers to spend it outside. He enjoys biking, kayaking, ATV riding and basketball. He attempts to fish and loves to spend time in our remaining wild places such as backcountry of our national parks and forests.
About Mike
Mike also attended Purdue in West Lafayette studying nuclear engineering technology. He graduated in 1992 and joined the US Navy where he worked as a nuclear engineering technician on the aircraft carrier USS George Washington. He left the Navy in 1997 and went to work with Nalco Chemical Corp. providing technical chemical sales to the steel industry. Mike's primary account was Acme Steel in Riverdale, IL. When Acme restructured, Mike entered the investment advisory and planning field in August of 2001.
He is the co-host of Your Mind on Money on 89.1 FM airing Mondays and Saturdays from 12pm to 1pm.
Mike lives in western Crown Point. He and his wife Snezana have been married since 1993 and have 3 children. Mike enjoys coaching his children in about every sport there is. He also enjoys basketball, golf, as well as tropical vacations in Mexico and the Caribbean.
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