There aren't any surprises out today. Russia and Ukraine are still fighting in the streets. Pending Home Sales (under contract and not yet closed) are up 3.3%, greater than the…
jeremyAugust 28, 2014
Out With the Old, In With the Young
Now that the DOJ has dropped its criminal investigation of the remodel cost overruns on the Federal Reserve’s HQ, Jerome…
Read More
The headline Durable Goods orders shows a rise of a whopping 22.6%. Dissecting the report however shows a massive order from Boeing Aircraft, and after you strip out the transportation sector (due…
jeremyAugust 26, 2014
The Chair of the Federal Open Market Committee, Janet Yellen, addressed economic highbrows in Jackson Hole this morning. The photo-illustration of the double barrel shotgun represents the Fed's two part…
jeremyAugust 22, 2014
Bad news for a guy who feeds his family by helping other families borrow money: All-cash sales increased to 37.9% of purchase transactions funded in 2Q 2014. This is an increase from…
jeremyAugust 20, 2014
After a summer of laisser aller scheduling, it's nice to get settled back into a routine with the kids heading back to school today. My first lesson is that the carpool lane…
jeremyAugust 19, 2014
It's not very often that you hear it, even outside of Utah County. Analysts hesitate to mention "it-which-must-not-be named" and traders tremble at the very thought: DEFLATION. All around the globe,…
jeremyAugust 15, 2014
Yesterday I touched on Retail Sales not showing any growth in July, and yet over the same period consumer debt has increased. This chart illustrates that first point of Sales…
jeremyAugust 14, 2014
Despite an increase in consumer credit last month for big ticket items, Retail Sales remain unchanged. So it looks like we are borrowing more money to buy the same old…
jeremyAugust 13, 2014
The largest settlement to come out of the housing crisis was announced today wherein the Department of Justice is mandating that Bank of America cough up $17,000,000,000 (that's billion) for…
jeremyAugust 7, 2014
I spent the bulk of last week in the Uinta mountains with a group of boy scouts. The photo you see here was all 45 minutes of the sunshine that…
jeremyAugust 4, 2014
New Home Sales take an 8% breather last month after building up steam through most of the year. The biggest piece of economic data this week is the job market,…
jeremyJuly 25, 2014
In the absence of any economic reports out today, the news hovers over political unrest and violence in the areas of Russia, Ukraine, and Israel. Without waxing too philosophical or political…
jeremyJuly 23, 2014
Inflation numbers for last month are in at an increase of 0.3%, and a year-over-year level of 2.1%--matching exactly the prior month and in line with expectations. Energy and transportation…
jeremyJuly 22, 2014
Hearing a client's gasp this morning who hasn't applied for a mortgage in awhile reminded me of how incredible these interest rates really are, so I thought I'd share with you…
jeremyJuly 8, 2014
Goldman Sachs suggested this morning that interest rates will start rising in the 3rd quarter of 2015, six months sooner than their chief Divination Instructor last foretold. This is a result of…
jeremyJuly 7, 2014