Friday, December 2cd, 2011
The unemployment rate dropped to 8.6% this morning. Good news for
the economy!
Sunday, August 7th, 2011
Standard & Poors downgraded the U.S. debt on Friday afternoon. This could be a tempest in a tea pot...or it could mean higher interest rates come tomorrow morning. Either way, it shows a complete lack of leadership in Washington.
Thursday, July 28th, 2011
Unemployment numbers have fallen below 400,000 for the first time since April.
Sunday, July 24th, 2011
Well, the President & The Congress seem to be "fiddling" while the U.S.Economy burns. When are our leaders going to realize that the problem is "Jobs, Jobs, Jobs"!!!!!!! And that's also the answer.........
Thursday, June 30th, 2011
QE2 ends today....Will the Chinese continue to buy our Bonds? Good
question....our economy and interest rates will rest on the answer.
Friday, June 3rd, 2011
The unemployment rate moved up to 9.1% this morning. Things are
bad...and getting worse.
Tuesday, May 10th, 2011
Greece is back in trouble! But our bond market is still showing signs of life. Interest rates are back near the bottom...but the housing market continues to languish.
Tuesday, April 19th, 2011
Standard & Poors downgrades U.S.Debt! Is anyone listening in Washington?
Monday, March 14th, 2011
The turmoil in the middle east and the disaster in Japan have taken their toll on both the price of oil and the U.S. bond market. The next few days will tell how much they affect the worlds economy.
Monday, Feb 22cd, 2011
Turmoil in the middle east is driving up the price of oil...and driving down interest rates. The so-called scare factor is helping out the bond market...but creating havoc with stocks!
Thursday, Feb. 17th, 2011
New unemployment claims moved higher this morning...along with a spike in inflation...interest rates are stable to down.
Friday, Feb 4th, 2011
The economy added only 40,000 jobs in January, far less than expected. Mixed results: Unemployment is dow to 9%, but the economy is still not producing enough jobs to create growth. Rates are up again this morning.
Wednesday, Feb. 2cd, 2011
Egypt has had little affect on the market, with the Dow surging above 12,000 and the bond market sliding back a bit with interest rates moving higher...
Thursday, Jan. 27th, 2011
Weekly unemployment numbers jumped this morning...due "apparently" to the weather. Interest rates moderated, with the bond
market holding firm.
Friday. Jan 7th, 2011
Employment numbers were weaker than expected this morning, although the unemployment rate moved down to 9.4%
Wednesday, Jan, 5th, 2011
ADP numbers came out this morning and show a dramatic increase in hiring by small businesses. Employment numbers are due out this Friday and are expected to mirror ADP. Good news for the economy! But interest rates are up a tad.
Friday, Dec. 17th, 2010
Hooray! The bond market finally calmed down. Rates moved a tad lower this afternoon. We're back under 5% on fixed rate loans.
Thursday, Dec. 16th, 2010
Rates continue to move higher. The bond bubble has finally burst. But the economy isn't hiring...and gas prices are now at $3.00 a gallon. What a Christmas!
Tuesday, Dec. 7th, 2010
President Obama compromises on tax cuts...and the bond market continues to sell off....Interest rate have moved up 1/2% in the past
30 days. Free money is about to go the way of the Do-Do Bird!
Saturday, Dec. 4th, 2010
Bad numbers on Employment yesterday did little to stem the flow of money out of the bond market. Interest rates continue to move higher....
Thurs. Dec. 2cd, 2010
The stock market is on a tear: 250 points yesterday...and more this morning. But the bond market continues to sell off. Interest rates are
moving higher by the hour.
Wed. Dec. 1st, 2010
Mortgage applications fell 16% last week as interest rates moved to their highest level in 4 months.
Monday, Nov. 15th, 2010
QE2, (Quantitative Easing) ie, the money supply, has triggered widespread distaste for our bonds. Bernanke's 600 billion dollar promise has sent shock waves through the bond market....sending yeilds and interest rates higher. Not exactly what he was hoping for.....
Friday, Nov. 5th, 2010
Jobs Friday: 151,000 jobs were added to the work force during October, more than expected....but not enough to lower the unemployment rate, which still hovers around 9.6%
Wednesday, October 27th, 2010
Only six days 'till the midterm elections. The stock Market is near its
high for the year. And anticipation of "Grid-lock" in Washington is moving interest rates higher...
Wednesday, Sept. 22cd, 2010
Larry Summers, the architect of Pres. Obama's economic agenda has
decided to resign at the end of the year. The "rats" are fleeing the ship!
Rates are moderating.
Monday, Sept. 13th, 2010
The stock market is poised to open higher...due mainly to the new
banking rules out of Basel Switzerland. But the bond market is selling
off, driving interest rates higher.
Friday, Sept. 3rd, 2010
August employment numbers were mixed this morning...adding new
jobs, but more people were looking for work, thus sending the unemployment rate higher. Overall, the stock market is moving higher
along with interest rates.
Monday, Aug. 30th, 2010
The stock market continues to creep along in malaise...while all the gloom and doom purveyors are keeping interest rates at historic lows.......
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