Where is the Economic Recovery? Summary Ryan and Louis discuss the direction of mortgage interest rates. Ryan notes that Ben Bernanke admitted that the employment situation is not good. Louis notes that when the non farm employment data came out last week and the top line number was better than expected that the market would … Read More →
Yesterday in a question and answer session Federal Reserve Chairman Ben Bernanke made it clear that the Fed’s dual mandate, one that includes maximum employment was not being met. Bernanke said that he was not satisfied with the employment situation because of underemployment and the low labor participation rate. He also noted that the unemployment … Read More →
You Can’t Get There From Here Real Estate News “The mind is its own place, and in itself can make a heaven of hell, a hell of heaven..” ― John Milton, Paradise Lost As the real estate market gained steam earlier this year, a common anti bubble meme emerged- “this ain’t no bubble, home prices … Read More →
Hard Assets Investor made the observation – The QE trade is over, noting that price fluctuations in gold have been disconnected from monetary policy for a while. As a practical trading matter, Hard Assets Investor is correct. It seems now QE (quantitative easing) impacts the bond, stock and real estate markets but not the gold … Read More →
“Hitler will send no warning- so always carry your gas mask” – British Ministry of Home Security poster circa the Sitzkrieg* (October 1939-April 1940) The economy is already wearing an over sized Fed tailored suit and now the market is worried that the Fed might “taper” that suit. Here is what the Fed has already … Read More →
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