This is a syndicated repost published with the permission of Confounded Interest. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
Mortgage bankers should be happy. The US Treasury 10 year yield fell today to its lowest level since September 4, 2012. The 30 year fixed-rate ,mortgage rate should fall as well.
Meanwhile, in Europe, 12 countries now have negative 5 year sovereign yields. Well, 11 countries and The European Financial Stability Facility (EFSF).
So, how much lower will The Fed and the ECB try to push rates? We are already in the danger zone.
Here is a video of Fed Chair Janet Yellen and ECB President Mario Draghi fighting it out for who can create the biggest asset bubbles while not helping their respective areas middle-class.
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.