Gas Prices

Fundamentals 7/14: Consumer Not Yet Buying It

June Producer Inflation -Overall PPI Month/Month: -0.4% -Core PPI Month/Month: +0.3% -Overall PPI Year/Year: +7% -Core PPI Year/Year: +2.4% -Lower energy costs this month. This is also a time to remind that ‘Overall’ is a better macroeconomic indicator because it smooths out the volatility of energy and food prices. June Retail Sales -Overall Retail Sales

Track Space Shuttle Atlantis Final Mission

One joy of having a 2 year old is how amazed he is by firefighters and astronauts. Highly technical, dangerous, and important professions that rarely can rise above finance and pop culture headlines. I’m as guilty as anyone, I didn’t even know about space shuttle Atlantis’ final mission until today. So for the kid and/or

Fundamentals 6/15: Inflation, Industrial Production

Consumer Inflation: CPI – Month/Month (overall) +0.2% CPI – Year/Year (overall) +3.6% CPI – Month/Month core (less food & energy) 0.3% CPI – Year/Year core (less food & energy) 1.5% Month/Month core is a tenth above “acceptable.” CPI details here. Mortgage Applications: Purchase Index – Week/Week Change 4.5 % Refinance Index – Week/Week Change 16.5

Fundamentals 6/15: Inflation, Industrial Production

Consumer Inflation: CPI – Month/Month (overall) +0.2% CPI – Year/Year (overall) +3.6% CPI – Month/Month core (less food & energy) 0.3% CPI – Year/Year core (less food & energy) 1.5% Month/Month core is a tenth above “acceptable.” CPI details here. Mortgage Applications: Purchase Index – Week/Week Change 4.5 % Refinance Index – Week/Week Change 16.5

WeeklyBasis 6/11: Another New 2011 Rate Low

Rates set a new 2011 low Wednesday, June 8 then rose slightly as mortgage bonds sold off of overbought levels—rates rise when bond prices drop in a selloff. Still, rates ended the week very low as uncertain U.S. recovery drives investors into bonds. Rates dropped early last week because: (1) a weak jobs report weighed

WeeklyBasis 5/15/11: Awesome Rates, Inflation Primer

The good news is that rates begin the May 16 trading week near 2011 lows. The bad news is that it’s because of a frail economy. Rates drop when bond prices rise, and mortgage bonds have rallied the last four weeks on lower home prices, weak GDP, and low core inflation. Bonds are topped out

WeeklyBasis 5/15/11: Awesome Rates, Inflation Primer

The good news is that rates begin the May 16 trading week near 2011 lows. The bad news is that it’s because of a frail economy. Rates drop when bond prices rise, and mortgage bonds have rallied the last four weeks on lower home prices, weak GDP, and low core inflation. Bonds are topped out