On Tuesday, October 7, 2014 from 6 to 9 p.m., communities throughout the Greater Houston area will participate in National Night Out (NNO), a crime prevention event that enables citizens and citizen groups to band together in a unified fight against crime and drugs.
The Houston/Harris County National Night Out effort has consistently shown its strength, placing amongst the top cities from across the nation in participation. In the past, more than 640 National Night Out events were identified throughout the Houston/Harris County area. Although most cities throughout the United States participate in NNO during the month of August, in 2008 Texas moved the date to October so that citizens will be able to enjoy the night with more neighbors and less heat.
We encourage all citizens to take advantage of this opportunity to get out (leaving your lights on) and meet your neighbors. Our strength is in our unity. Our strength sends a clear message to the criminals that we will not tolerate crime in our neighborhood, community, and city.
To learn more about National Night Out, visit the NATW website at www.natw.org. Block party organizers can contact their local police department to request that a law enforcement officer stop by their gathering to answer questions and discuss public safety.
Interest rates continued to
improve in the early going this morning with early trading in the US stock
indexes aiming to a lower 9:30 open. European
shares ended a two-session climb, as lackluster German industrial production
data dealt another blow to the continent’s largest economy and the IMF report
out today. US stock indexes also being effected by the IMF lowering its growth
outlook once again. The 10-year German bund yields earlier approached an
all-time low as data showing industrial production dropped the most since 2009
in August boosted speculation the outlook for Europe’s largest economy is
deteriorating.
Once again the IMF has cut its
outlook for global growth in 2015 and warned about the risks of rising
geopolitical tensions and a financial-market correction as stocks reach
“frothy” levels. IMF saying the global growth will
grow 3.8% in 2015, down from 4.0% from what the fund said in July. The
reduction due to more weakness in the EU, Russia and Brazil economies slowing.
“In advanced economies, the legacies of the pre-crisis boom and the subsequent
crisis, including high private and public debt, still cast a shadow on the
recovery,” the IMF said in its latest World Economic Outlook. “Emerging markets
are adjusting to rates of economic growth lower than those reached in the
pre-crisis boom and the post-crisis recovery.” Last week IMF Director Christine
Lagarde warned that officials need to act to prevent a prolonged period of
sluggish growth, a trend she called the “New Mediocre.” Raising growth in
emerging and advanced economies “must remain a priority,” the IMF report
stated. According to the report, a sustained period of policy interest rates
near zero in advanced economies has raised the risk that some financial markets
may be overheating.
As far as I am concerned the
report of the day hit at 3:00 pm this afternoon; August consumer credit.
Admittedly the report doesn’t get the attention it should but we follow the
revolving credit data within the overall report as a more important measurement
of confidence by consumers with how they employ their credit cards, so far this
year credit card use has been minimal at best.
All of our work points to a
continuing decline in long term interest rates. Technicals
all bullish. Not willing to project how low rates will fall but from a traders
perspective you have to be long the bond market at the moment. There are enough
crosswinds in the fundamentals, enough to confuse markets. Once again, we
remind that for the near term there is no better way to take advantage of the
rate declines unless you follow how the markets are performing (where the money
is flowing---the technical measurements.
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