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
Looking For Cracks
The 10 Year Treasury Note seems to have settled down onto a floor of support at 5.29%. The good news…
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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
The Bureau of Labor reported today that the Unemployment Rate in the U.S. dropped to 6.1%, the lowest since September 2008 and below the 6.3% reading expected. Helping curtail the unemployment…
jeremyJuly 3, 2014
Ahead of the official Jobs Report out tomorrow (one day early because Friday is the 4th), ADP shows that there were 281,000 new jobs created last month. This is well ahead of the…
jeremyJuly 2, 2014
A surge in manufacturing on the United Kingdom and China helped the DOW and S&P to both close at record-highs today. The move comes at the expense of bond sales,…
jeremyJuly 1, 2014
On the heels of yesterday's "assumption" by the markets, today Fed Governor James Bullard said that interest rate hikes "should come sooner rather than later". Not much reaction from Bonds,…
jeremyJune 26, 2014
The final GDP reading for the first quarter of the year was released today showing that the US economy actually contracted by 2.9% over the three month period. Ordinarily that…
jeremyJune 25, 2014
New Home Sales surge by 18.6% last month to an annual rate of 504K, well above the 440K anticipated. Still, according to the National Association of Home Builders, we haven't…
jeremyJune 24, 2014