I must say that I am a proponent of covered bonds for the US mortgage market. What is a covered bond?
The Federal Reserve’s zero interest rate policies (ZIRP) have an unwelcomed effect: both the Federal Government and Private Pensions gorged themselves on low-cost debt.
Poor Ben Carson. He is being subjected to “addicted to gov” crowd in the US Senate (those Senators who can’t envision a world without Federal subsidies and regulation).
The headlines scream “97 consecutive weeks of initial claims below 300,000!”
The Federal Reservc Open Market Committee (FOMC) has “tightened” the Fed Funds Target rate twice since December 2015. But money hasn’t tightened.
The last jobs report (December) for the Obama Administration is out. And it was ugly as usual, at least in terms of wage growth.
Its that time of year (turn of the year) when mortgage applications hit the lowest level of the year. But the last report of mortgage refinancings from the Mortgage Bankers Association (MBA) just hit the third lowest level during the Obama era. We are experiencing the secon largest surge in mortgage rate during the Obama […]
Trading in Italian bank Banca Monte dei Paschi di Siena has been suspened.
Pending home sales declined 2.5% in November, bring PHSI back to 2003 (pre-bubble) levels.
M2 Money Velocity is the frequency at which one unit of currency is used to purchase domestically- produced goods and services within a given time period.