Despite big intraday fluctuations of +/-.25%, rates ended last week even for the third straight week. WeeklyBasis predicted rates would be up slightly on higher U.S. business inflation, perception that Europe’s debt crisis seems more contained, and less North Africa/Middle East turmoil than expected—all but the last point happened, which is why investors were net
March 2011
Despite big intraday fluctuations of +/-.25%, rates ended last week even for the third straight week. WeeklyBasis predicted rates would be up slightly on higher U.S. business inflation, perception that Europe’s debt crisis seems more contained, and less North Africa/Middle East turmoil than expected—all but the last point happened, which is why investors were net
Here’s a snapshot of next week. See our WeeklyBasis report on what it all means.
Liyba’s civil war has been buried by Japan’s post-tsunami nuclear disaster and a huge week for U.S. economic news. But as U.S. news dies down today, the UN announced a no-fly zone and authorized use of air attacks against Libya to protect pro-democracy citizens who’ve been bombed by Muammar Gaddafi’s government for the past month
Liyba’s civil war has been buried by Japan’s post-tsunami nuclear disaster and a huge week for U.S. economic news. But as U.S. news dies down today, the UN announced a no-fly zone and authorized use of air attacks against Libya to protect pro-democracy citizens who’ve been bombed by Muammar Gaddafi’s government for the past month
Missed this from Simpsons Sunday, thanks to JW for sending. Reminds us that Fox media figures can still make sensical use of a chalkboard (yes that’s a Glenn Beck rip).
The nuclear meltdown situation in Japan is no less dire today as helicopters and water cannons are now being used to cool fuel rods and prevent spreading of radioactive material, but after utter market panic yesterday caused stocks and rates to drop, they’ve now reversed course almost entirely (Dow +166, S&P +21, and FNMA 30yr
Thanks to JH for sending this link from Kottke, a 1989 story by Michael Lewis titled How A Tokyo Earthquake Could Devastate Wall Street & The Global Economy.
Thanks to JH for sending this link from Kottke, a 1989 story by Michael Lewis titled How A Tokyo Earthquake Could Devastate Wall Street & The Global Economy.
Robert Shiller Defends Fannie/Freddie Are we really better off winding down Freddie and Fannie entirely? Most, including Robert Shiller of S&P Case Shiller Home Price Index fame, of the mortgage and real estate professionals in the US would suggest that we’re better off with those agencies staying around in one form or another. Core Logic:
Robert Shiller Defends Fannie/Freddie Are we really better off winding down Freddie and Fannie entirely? Most, including Robert Shiller of S&P Case Shiller Home Price Index fame, of the mortgage and real estate professionals in the US would suggest that we’re better off with those agencies staying around in one form or another. Core Logic:
Stocks and rates are down midway through trading day following lots of market data. February housing starts, which measure new homes construction, were down 22.5% since last month, the worst monthly drop in 27 years. The February Producer Price Index (PPI), which measures business inflation, was up 1.6% since last month and has spiked 5.6%
Today’s Fed statement acknowledges economic recovery is on “firmer footing,” and while the Fed acknowledges inflationary concerns, it’s choosing to ignore inflation pressure for now and keeping overnight bank-to-bank target Fed Funds Rates at 0-.25%, and keeping the overnight Fed-to-bank Discount Rates at .75%. They also said they’d keep going with their second round of
The earthquake in Japan is no laughing matter. Just ask Aflac – it fired comedian Gilbert Gottfried as the voice of its duck after a series of Twitter jokes about the earthquake in Japan, Aflac’s most important market. World stock markets are hitting 2 1/2 month lows today, and Treasury yields have dropped due to
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