George Noorey

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George Noorey

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Don’t blink; you might miss a market rally.... or a plunge. It's been a roller coaster ride today on Wall Street. “Today verses yesterday; yesterday was a hockey stick. We fell way down and we stayed down. Today we’ve been up, we’ve been down, we’ve been back up again. It’s more of a trader’s day and it’s everybody trying to find where they want to be when going into the weekend. Try Reinhart with Northwest Quadrant Wealth Management in Bend says even after yesterday’s 500 point drop, he’s not hearing from that many nervous clients.  And give some hope for what may happen after our huge economic correction is over: “We’ve got to remember that this truly is one of those once in a lifetime kind of things. We’ve got a balance sheet recession. We had too much debt at the government level; we had too much debt at the family level and the personal level. And we’re working our way through that. And the last tome this happened was in the 1970’s and that set us up for one of the biggest bull markets we ever had and I think this time will be much the same. Bt we have to work through it.” He says the biggest concern right now isn’t inflation, but deflation. Saturday on KBND at 10 a.m., Rinehart will focus more on what deflation could mean for people and our economy.

 

 

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Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.