Say, if The Fed wants to push down the 10 year Treasury yield to stimulate the economy, maybe they should RAISE The Fed Funds target rate again?
As I discussed yesterday, home prices rose at a 7% pace while the S&P 500 index was a little down for 2015 and PIMCO’s Total Return (Bond) was down even more.
The Case-Shiller home price indices were released yesterday (with a three month lag). Unlike a number of cities on the West Coast that have rising home prices and falling median family incomes, Seattle has rising home prices AND rising median family incomes
As you know, the S&P Case-Shiller home price indices for October were released this morning. I no longer watch Fox Business or CNBC, so I don’t know what whitewash Bob Shiller, Ed Pinto or Mark Zandi or The Fed were slinging, but let me show you a few charts of home prices and median family
The Bloomberg headline scream “Treasuries Draw Weakest Demand Since ’09 as Central Banks Unload.” Not a great headline for many fixed-income investors.
Lending has changed dramatically since 2007 thanks in part to stricter banking regulations and lower real median household income. A
American businesses are hoping that Santa Claus is going to bring them a big present in December. Why? Because total business sales YoY have been NEGATIVE for all of 2015.
As I have said before, I enjoyed Paramount Pictures’ “The Big Short” immensely, even though the firm left out The Federal Reserve’s contribution to the crash and resulting crisis.
According to the National Bureau of Economic Research (NBER), The Great Recession ended in June 2009. However, commodity prices have declined to their lowest levels since the end of The Great Recession.
I saw Paramount Pictures’ “The Big Short” last night and it was quite entertaining.