Brent Nyitray
Fairlington Blade
Let the mutherfuker burn!
jnc4p
Kevin S. Willis
Michigoose
lmsinca
markinaustin
Arcanaut
novahockey
quarterback
ScottC
yellojktVital Statistics:
| Last | Change | Percent | |
| S&P Futures | 1881.2 | 3.5 | 0.19% |
| Eurostoxx Index | 3188.2 | -10.5 | -0.33% |
| Oil (WTI) | 99.85 | 0.4 | 0.43% |
| LIBOR | 0.223 | 0.000 | 0.00% |
| US Dollar Index (DXY) | 79.8 | 0.269 | 0.34% |
| 10 Year Govt Bond Yield | 2.68% | 0.07% | |
| Current Coupon Ginnie Mae TBA | 105.8 | -0.3 | |
| Current Coupon Fannie Mae TBA | 104.6 | -0.3 | |
| BankRate 30 Year Fixed Rate Mortgage | 4.24 |
Markets are higher this morning after a strong jobs report. Bonds and MBS down
Nonfarm payrolls increased 288k in April and the prior two month net revision was 36k. The unemployment rate fell to 6.3% as the labor force participation rate fell to 62.8%. Average hourly earnings and average weekly hours were flat. So, all in all a set of good numbers, though it is disappointing to see the labor force participation rate still stuck at multi-decade lows – Q178 to be exact.
Pfizer sweetened its bid for UK-based AstraZeneca. The reason why Pfizer wants AstraZeneca is not so much the pipeline, but the tax rate. The combined company would be a corporate resident of the UK and pay lower taxes there.
Yesterday’s weak construction spending data caused some revisions in Q1 GDP. Barclay’s took their estimate down to -.2%. IMO, a negative Q1 GDP estimate seems at odds with the other data out there.
The government is bent on putting payday lenders out of business. Not by regulating them, or passing a law abolishing them, but by leaning on the banks and forcing them to stop doing business with them. The government is also going after other unsavory, but completely legal, businesses like porn, internet gambling, and drug paraphernalia in the same way. obama has a pen and a phone and isn’t afraid to use it.
Filed under: Morning Report |
All Things in Moderation 
Oh, fuck it… frist
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You know, it wouldn’t impact my life one bit if the payday lenders were out of business. But it’s just unimaginably arrogant and elitist to deny folks what little access they have to the credit market
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That’s the spirit!
Revlot!
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Looks like Big Loan Shark got to somebody.
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” Big Loan Shark got to somebody”
They had me with their big pile of money. Although, i the future, i prefer a nondescript briefcase to a bag with a $ sign on it.
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It’s city code.
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The state of our economy.
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You have to love cameras sometimes.
http://fox6now.com/2014/05/01/sober-driver-arrested-for-owi-when-deputy-crashes-into-her/
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Speaking of the continued collapse of LFP, one of my key people gave notice she’s leaving yesterday, in tears. Her nanny’s husband’s employer is dropping insurance because of Obamacare, and their income with her working is too high to get the Ocare subsidy, so she is quitting so they can go on the Ocare dole, leaving my employee either to keep hassling with finding child care or leave work and stay home for a few years. I have no problem with her decision, of course, but isn’t that another wonderful example of Obamacare and liberal government in action.
We shouldn’t be critical, though, because they had good intentions, right? So what if the actual result is two less people working and earning income, me losing an invaluable employee, and another family on the dole.
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Ah, the tolerance and open-mindedness of the academic left on full display at Rutgers.
How proud the taxpayers of New Jersey must be.
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I’m happy to see that Mark is back. I’m trying to check in here more frequently and get my feet slightly wet again in politics………………..I’ll be taking it slow though.
We have a busy weekend however so I’ll see y’all on Monday probably. Have a great Sat/Sun.
Our son accepted a job in CO and the family is moving Wed so we’re having one last blast with the grandkids this weekend before we say goodbye. I’m pretty depressed about it but keeping my party face on for the kids.
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lms:
I’m pretty depressed about it but keeping my party face on for the kids.
Time to retire to Colorado. California is a screwy place anyway.
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I’m game to go to CO, but if I go, I go alone……….so……….not gonna happen. CO is just as screwy anyway, that’s part of the charm for Californians.
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New weekend thread.
Move it there!
Now!
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