A quiet Friday before a long holiday weekend, markets poorly attended, any surprise news magnified... National emergency!!! Exactly. The left-wing branch of the Tea Party has run Amazon out of NYC. Take your rotten 25,000…
Long-term US interest rates continue to slide despite immense Treasury borrowing, unprecedented in a time of strong economic expansion. Mortgage rates are falling toward 4.50%, pulled down by the 10-year T-note at 2.63%, its lowest…
Big changes, and all good news. So you can stop reading now. The Fed seems to have changed policy, possibly in some long-term ways, and its apparent shift may be real, as opposed to misstatement…
The Shutdown is crimping the collection and release of US economic data, but the numbers dribbling out show no particular change. Interest rates are steady, maybe going lower as the threats of overheating and inflation…
