The Fed left interest rates unchanged yesterday, but the decision was not unanimous. For the first time in over 30 years, two Fed Governors dissented, voting instead to lower…

The official final GDP reading for the first quarter showed the economy shrinking 0.5% to start the year. We'll see the first draft of the second quarter GDP next week,…

Across the country, Housing Completions are down 25% from the cyclical high 11 months ago.  However, the latest employment poll shows that the construction sector is growing, creating 15K new…

The grudge match between the unswayable Fed and the Executive Branch continues.  Donald Trump has threatened to fire Jerome Powell citing dissatisfaction with high interest rates, but legal experts say Trump wouldn't…

Mortgage pricing continues to trickle downward, putting upward pressure on interest rates. The 10 year Treasury Note has risen above all technical ceilings and has almost 1/2% to more to…

Not a very active news week, so to spice things up, our President announced a 35% tariff on those pseudo-socialists to the north of us.  Now, I don't know how you…

Australia's Central Bank was expected (95% probability) to cut their rates today but that didn't happen.  That pause is causing banks all over the rest of the world to wonder…

There are a lot of great things about America, not the least of which are three day weekends with lots of food and fireworks.  So happy birthday U.S.A.!  And may we…

The ADP jobs report that was published this morning brings up some serious concerns about the health of the labor market (or possibly the mathematical capabilities of the quants over…

Meet Bill, he is big and beautiful.  He is widely know and talked about by people all over the world.  The wealthy, middle class, and impoverished hang on every word…

This week’s hard-driving set from front man Jerome Powell of the Federal Open Market Crooners left rates untouched once again.  Fans and critics alike expect the exact same performance at next month's…

I've been out participating in various youth camps for the last three weeks; we had some marvelous experiences, but it's nice to be back in the office again.  Here the…

ICE and Cotality both show that home prices across the country have risen 2.0% year over year. Cotality's forecast for appreciation for the next 12 months has dropped from 4.9%…

First off, I hope you have a wonderful Memorial Day weekend, surrounded by those you love and remembering with great fondness those who have passed on. Not to be trite…

The rating co Moody's this morning joined S&P and Fitch in downgrading the quality of U.S. debt from AAA to AA1.  S&P made the downgrade 14 years ago and Fitch…