American homeownership has been on the decline (for millenials), and Federal Reserve researchers point to the high cost of college as one culprit. (Gee. ya think?)
Joseph Otting is the acting director of FHFA while Mark Calabria is Trump’s nominee to be the new FHFA director and Fannie Mae – Freddie Mac regulator. (Bloomberg) — Fannie Mae and Freddie Mac shares soared Friday amid fresh reports that the Trump Administration is working on proposal that would recommend freeing the mortgage-finance giants from … Continue reading Fannie-Freddie Soar on FHFA Chief’s Conservatorship Comment (Let Our GSEs Go!) →
Central banks are like Willy Wonka to markets offering golden tickets. We have the People’s Bank of China wildly expanding their repo purchases to stimulate their economy and have just announced massive investments.
The Beach Boys sang it best: Shutdown! The Dow Jones Industrial Average has risen 12.8% since The Federal government’s partial shutdown
There is a lot of fear and uncertainty in financial markets: the US Federal government shutdown. But…
Even amid a partial federal government shutdown, filings for U.S. unemployment benefits unexpectedly fell last week. Jobless claims declined by 3,000 to 213,000 in the week ended Jan. 12, a five-week low, according to a Labor Department report Thursday. Details on claims by federal employees are reported with a lag, and analysts caution that it may take … Continue reading What If They Shutdown The US Federal Government … And No One Noticed (Jobless Claims Fall By 3,000 Amid Partial Shutdown) →
China’s central bank, the People’s Bank Of China, now has the world’s largest balance sheet topping even the European Central Bank (ECB).
Global uncertainites abound. And with them, the US TReasury yield curve, the US Dollar Swaps curve, and the 1-month LIBOR curves are all kinked.
These curves are kinked all day and all the night.
The Federal Reserve’s zero interest rate policy (ZIRP) and quantitative easing (QE) helped to rebuild US household net worth. But it was rebuilt with asset bubbles
Mortgage applications increased 13.5 percent from one week earlier