So the Giants won the World Series, which is really the most exciting news that happened this week (and I was cheering for the Royals). As expected, the US Fed finishes tapering off the third round of quantitative easing today, and the DOW opens at an all-time-high of 17, 355. Mortgage Bonds have weathered the news at a placid repose, much the way a dying man would react while bleeding to death (seems an appropriate metaphor for Halloween).
This morning’s reports show that Personal Income is up and Personal Spending is down. Go get your sugar fix today and enjoy the weather, because daylight savings and 40 degree weather starts on Sunday.