The earlier talk of housing entering into a decline was far too premature. |
The economy is doing better, but where is profitability? |
The fact that oil is remaining above $40 leaves me all the more convinced that core CPI will continue to climb higher, that we're on the verge of having the annual rate break above 2 percent, |
The fact that oil is remaining above $40 leaves me all the more convinced that core CPI will continue to climb higher, that we're on the verge of having the annual rate break above 2 percent. |
The Fed will eventually move to a neutral stance, and I don't think we're there yet. When we start to see payrolls of 200,000 a month, I expect the yield on the 10-year note will hit 4.5 percent and the Fed will become less patient. |
The Fed's not finished, |
The Fed's not finished. More rate hikes loom. |
The global investment community is disappointed with this new Japanese government. |
The jump in the unemployment rate will be a headline catcher ... telling consumers that perhaps the economy is weakening, which in turn could breed caution during this very critical holiday season. |
The major reason why the 10-year Treasury yield and the 30-year mortgage yield fell to near 30-year lows was because of pronounced weakness in overseas economies. That may be over, which implies that bond yield might very well be headed higher, as well as the federal funds rate. . . The sooner we get back on a normal course, the better. |
The market is really worried about events abroad and what may go on at home, |
The market's stepping back. There's maybe a little profit taking after gains of last week. |
The question is whether they go any deeper. |
The super-sized issue from AT&T reminds us of how . . . investor demand for long-term investment-grade corporate bonds is very strong. Corporate America has more than offset (the) reduction in federal borrowing . . . brought on by the emergence of the federal budget surplus. |
The surprise is that the current account deficit narrowed for a third consecutive quarter. It's still a big deficit relative to GDP. |