New-home statistics may be generating a false signal
Yesterday we learned from the U.S. See the original post here: New-home statistics may be generating a false signal
View ArticleFederal Reserve Program Is Socialism For The Rich
If you have followed any economic news at all you will have heard the term quantitative easing, or QE , which is technocratic shorthand for the Federal Reserve shoveling funds into Wall Street banks...
View ArticleMortgage lenders still locking rates and closing — for now
Credit markets are paralyzed by the shutdown, unable to handicap its outcome, whistling past the graveyard. Mortgages are holding near 4.5 percent and the 10-year T-note 2.6 percent. Rates might fall...
View ArticleTemporary resolution of debt ceiling crisis has paved the way for a...
Merry Christmas! We will be free of renewed budget crisis until January. Party, party, party. A few inconveniences remain from this last shutdown round, and a few small piles of smoking wreckage, but...
View ArticleFed’s quantitative easing is fully justified to get the world growing faster...
The shutdown preoccupied markets, and everyone else. Go here to read the rest: Fed’s quantitative easing is fully justified to get the world growing faster than its debt
View ArticleFormer Fed Quantitative Easer Confesses; Apologizes: "I Can Only …
Because QE was relentlessly pumping money into the financial markets during the past five years, it killed the urgency for Washington to confront a real crisis: that of a structurally unsound U.S....
View ArticleFormer Fed Reserve Official Comes Clean On QE, Apologizes To America
The Federal Reserve’s massive subsidy to Wall Street known as “quantitative easing” or QE, was controversial from the beginning. Many have opposed the program for a variety of reasons from inflation...
View ArticleGuest Post: The End Of The Line? | Zero Hedge
That's called “ loan modification ” or various other fancy names for welching on debts. Is it surprising that lenders have become reluctant to … Original post: Guest Post: The End Of The Line? | Zero...
View ArticleThe Fed’s tippy-toe taper plans could not be more clear
Like most fine executives who are about to retire, Ben Bernanke would like to remind us all that he is still chairman. See the article here: The Fed’s tippy-toe taper plans could not be more clear
View ArticleFour reasons today’s good news on jobs isn’t pushing rates up
This morning’s news — 203,000 net-new jobs in November — is unambiguous good news. Under normal circumstances, good economic news pushes up interest rates, but today’s economy does not resemble normal,...
View ArticleMortgage rates are still so low because it’s a big world, full of surprises
It has been a quiet week for new data, except for the quarterly beaching of the Fed’s whale, the Z-1 Flow of Funds tracing the movement and landing spot of every dime in the economy. Long-term rates...
View ArticleWhy has the dog not barked? Quieter, wiser heads are worried about our economy
Most year-end forecasts are now on hold, or ought to be. Read the rest here: Why has the dog not barked? Quieter, wiser heads are worried about our economy
View ArticleWorried about plunge in stock prices? Don’t just do something, sit there
Three weeks ago, surprise market movements embarrassed New Year’s prognosticators. By last week the moves were big enough to attract a few bottom-fishers, others too queasy. At the end of this week,...
View ArticleThe Fed will keep tapering, but stage is set for Europe to ease
On the first Friday every month: payroll roulette. No data is more important to the Fed and interest rates because jobs and incomes are so central to inflation prospects. But no report is so wildly,...
View Articleraud and Financial Engineering: Foreclosure Filings Jump as …
The reason prices have been rising is because of the Fed's loosy-goosey monetary policy (fake rates and QE), inventory suppression, bogus gov mortgage modification programs, and unprecedented...
View ArticleJanet Yellen is on the right track, and the Fed’s basic science is sound
We interrupt coverage of Flight 370 for brief news from the world … Interest rates rose this week on receding worry about Ukraine, and in the aftermath of the first Fed meeting with Janet Yellen in the...
View ArticleEurozone rate cut could boost mortgage lending and give overseas investors...
This article by OPP Connect editor Adrian Bishop is reposted with permission from OPP Connect. Currency and financial experts believe the 0.1 percent cut in the European Central Bank benchmark and the...
View ArticleThe return of the home as ATM
“Borrowers Tap Their Homes at a Hot Clip” blurted a recent Wall Street Journal headline. It was bound to happen with rising home prices Visit link: The return of the home as ATM
View ArticleTime to redesign our system of mortgage lending
Long-term rates have stabilized, mortgages just under 4.5 percent, but markets are rattled and it’s hard to tell exactly who or what is doing the shaking. The Fed has everybody uneasy, simultaneously...
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