April 2011

WeeklyBasis 4/30: Two Week Rate Party!

Rates ended last week near 2011 lows achieved March 16 when Japan’s earthquake aftermath and Libya’s revolution were both at highly uncertain stages. Mortgage and Treasury bonds were the safe bet then, and rates dropped as those bond prices rose on buying rallies. Bonds then sold and rates rose as markets shook off Japan and

Linkage: mortage.com typo domain fee $242k

Today’s links are in pairs, starting with milk: the first explains food inflation using The Milkman Indicator, the second is about a guy in a cow suit who robbed 26 gallons of milk from Walmart. That insanity flows to The Donald, who comedians pray will be president, but two links below show this is no

Linkage: mortage.com typo domain fee $242k

Today’s links are in pairs, starting with milk: the first explains food inflation using The Milkman Indicator, the second is about a guy in a cow suit who robbed 26 gallons of milk from Walmart. That insanity flows to The Donald, who comedians pray will be president, but two links below show this is no

The Only Question to Ask Ben Bernanke

Anyone who watches Bernanke’s Congressional testimony knows that lawmakers ignore his testimony because they’re too excited about Q&A—a chance to drill their vote-pandering messages in question form (e.g., Why does Fed help banks and not consumers?). Then Bernanke repeats the economic outlook and FOMC strategies he just laid out moments before. Today’s 2:15 ET press

Linkage: Listen to new Beastie Boys album

If I link to a story on copyright and trademark infringement, am I infringing? What will the next round of Fed easing look like? Or will we find out tomorrow that the Fed’s done helping? And does a jobless recovery mean housing will improve? These are today’s things links that make you go Hmmm. Another

Does making banks keep a portion of loans they sell increase borrower costs?

I would suggest that few, if any, investors know their plan yet on complying with new regulations for keeping skin in the game on securities backed residential, commercial, credit-card, and other loans. On the residential side, my guess is that investors are taking their time looking production, underwriting, secondary/investor markets, and trying to see: a)