US GDP is losing steam!
Delivering slower than expected growth.

Second quarter initial estimate is a paltry 2.4%.

There are plenty of headwinds affecting the economy:

Consumption is contributing less.

Businesses are not able to increase prices.

Jobs continue to be a key driver.

US needs around 2% annual growth, otherwise the economy could stall.

Slipping into a second recession is a must avoid.

The latest figure does make four consecutive positive quarters.
However, the cushion of comfort is shrinking.

The next few quarters may not fare any better.

Expect economic activity to slow further in the second half of 2010.

Preserving precious capital continues to occupy top spot among investors.

Wise investors focus on what is best for portfolios.

Revisiting comfort with the personal asset mix is a good start.

Don't allow the portfolio to falter.


Best,
Adrian Mastracci
Portfolio Manager
KCM Wealth Management Inc.
"Fee-Only" Portfolio Managers & Financial Advisors
Suite 1500, Box 1078, 885 West Georgia Street
Vancouver, BC, Canada V6C 3E8
Tel: 604.739.4500 Fax: 604.739.0234

Website: www.kcmwealth.com

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