Brent Nyitray
Fairlington Blade
Let the mutherfuker burn!
jnc4p
Kevin S. Willis
Michigoose
lmsinca
markinaustin
Memetrics
novahockey
quarterback
ScottC
yellojktVital Statistics:
| Last | Change | |
| S&P Futures | 2186.5 | 2.0 |
| Eurostoxx Index | 350.5 | 1.0 |
| Oil (WTI) | 46.4 | 0.9 |
| US dollar index | 85.7 | -0.1 |
| 10 Year Govt Bond Yield | 1.54% | |
| Current Coupon Fannie Mae TBA | 103.3 | |
| Current Coupon Ginnie Mae TBA | 104.2 | |
| 30 Year Fixed Rate Mortgage | 3.52 |
Stocks are higher after the ECB left rates unchanged. Bonds and MBS are flat.
Initial Jobless Claims came in at 259k, We have been below 300k (an important level) for 80 weeks now.
Consumer comfort increased to 44 last week, according to Bloomberg.
Wage inflation is evident only in certain pockets of the labor economy – tech workers, engineers, construction, and remains flattish in the less skilled sectors. Elsewhere, hours are being cut and we are seeing full-timers being relegated to part-time. Until we start seeing broad-based wage inflation, the Fed is going to move slow. Note there is a disconnect between the Fed heads and what the markets are saying regarding near-term rate hikes. The markets aren’t buying the hawkish language.
Consumers are getting somewhat more constructive on the economy, according to Fannie Mae. The number of people who think the economy is on the right track improved to 38% and the number of people who think the economy is on the wrong track fell to 52%. Given the weak data recently that could be a temporary blip.
Filed under: Economy, Morning Report |
Frist!
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Re Aleppo-gate
Guess Gary Johnson is starting to siphon too many votes away from hillary. The MSM was happy to leave him alone as long as he was splitting the GOP vote. Looks like the marching orders went out of High Command over the weekend, starting with WaPo hit piece trying to link the alt-right with Libertarianism.
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I told you he isn’t off the dope.
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Johnson had an op-ed in today’s post on the Founder warning about political parties.
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i’ll say this about the gaffe, such that it is. Can’t get involved if you don’t know where/what it is.
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The right answer to “Aleppo” when you don’t know what it is:
“All the Marx Brothers are dead.”
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That’s funny!
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“Admit you’re wrong!” – “Admit you don’t know!” – “He admitted he didn’t know something, he’s unqualified!”
Although if I were running for president, I’d spend a lot more time watching the news than Johnson is. I wouldn’t have known what Joe was talking about either, but if I were running for president (even if doomed to lose), I’d be keeping up with the news before going on an interview show.
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