On April 12, 2018, Forbes ran a story entitled “Only 974 Fans Show Up For A Baseball Game In Chicago. It Was Just As Bad Elsewhere.
With The Fed intent on raising the short end of the yield curve and not quite committed to raising the 10 year T-note yield (through a glacial unwind spreed), we have a yield curve slope that is going down.
After a wild ride last week, investors have an increasingly optimistic outlook for silver. And for good reason.
U.S. new-home construction rose by more than forecast in March on a rebound in multifamily starts, giving a boost to first-quarter economic growth, government figures showed Tuesday.
A story by Phil Hall at National Mortgage Professional revealed that the FHA insured $1.9 billion in loan in 2016 to borrowers barred by Federal requirements.
The witless high priests of “Economism” and the greed-happy gurus of Wall Street preach this constantly as an article of faith: Raising interest rates suppresses inflation.
Here’s the thing.
Retail sales rose (seasonally adjusted) in March 2018 for the first time in four months. Related to last year’s big hurricanes and the distortions they produced, retail sales had surged in the three months following their immediate aftermath and now appear to be mean reverting toward what looks like the same weak pre-storm baseline. Exactly…
The stock market has been especially volatile this year, and that’s proving to be a boon for the price of gold…
Volatility indicates uncertainty, and precious metals tend to thrive in that kind of environment.
Keep on Flattening. The Treasury yield curve, that is. The 10Y-2Y slope is now down to 46 basis points … and flattening.
Bloomberg has an interesting story entitled “BofA’s Once Giant Mortgage Business Is Now Listed Under ‘Other Income’.”