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 | 4,555 | -55.2 |
| Oil (WTI) | 67.97 | -2.88 |
| 10 year government bond yield | 1.39% | |
| 30 year fixed rate mortgage | 3.30% |
Stocks are lower this morning on COVID lockdown fears. Bonds and MBS are up small.
The upcoming week should be relatively quiet, especially with Christmas Eve on Friday. In terms of economic data, we will get the third revision to Q3 GDP on Wednesday and Personal Incomes / Spending on Thursday. Markets are closed on Friday.
The Index of Leading Economic Indicators increased in November, according to the Conference Board. “Eight of the ten indicators that comprise The Conference Board LEI for the U.S. increased in November. The positive contributors – beginning with the largest positive contributor – were average weekly initial claims for unemployment insurance (inverted), stock prices, the interest rate spread, the ISM® New Orders Index, building permits, the Leading Credit Index™ (inverted), average weekly manufacturing hours, manufacturers’ new orders for consumer goods and materials*. The only negative contributor was average consumer expectations for business conditions, while the manufacturers’ new orders for nondefense capital goods excluding aircraft* held steady in November.”
Joe Manchin is a no on the Build Back Better bill. It should be a non-event economically, though it does give the Fed a little more breathing room.
Rents are rising rapidly, in tandem with higher home prices. “First inflation came for the for-sale housing market, and now it is coming for the rental market,” said Redfin Chief Economist Daryl Fairweather. “Many people have been priced out of the for-sale market and are looking to rent instead, but that demand is pushing up rents. Anyone who bought a home before this year can pat themselves on the back because their mortgage payments are fixed, meaning their biggest recurring expense is immune to inflation. If you are looking to buy or rent now, there’s nowhere to hide from inflation when it comes to housing costs. The good news is that the tight labor market means it’s a great time to move somewhere more affordable. Chances are good that no matter where you go, you’ll be able to find a new job relatively quickly.”
Filed under: Economy, Morning Report |
All Things in Moderation 
Lol
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that’s cold-blooded
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This should be interesting:
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Oh fuck these people. How self serving can you get?:
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The left has nothing to cheer about this time of year. it gives them some sort of fulfillment.
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Politicians will be as self-serving as the media and their constituents allow.
The accuracy of that is questionable and the implication is just wrong, and no context of when progressives (less dramatically) have “taken over the capital” in protest–with the support of congresscritters on the left, the spotty security present that day, the strange issue of Ray Epps and the video documentation that shows him being a prime mover in the “let’s go into the capitol” thing, but the FBI is uninterested in him–and so on.
The story is just 100% the Democratic narrative. If you were a politician and the press would do it for you, you’d probably end up being pretty self-serving, too. I probably would anyway, because why not? What’s the downside? 🙂
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1/6 is officially a holy day of obligation in the progressive church
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Anyone heard from Mark lately? He hasn’t posted anything in nearly a month. Just wondering if he is ok.
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I have not.
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I have not either. I hope he’s just sick of us, but is otherwise well and enjoying his holiday!
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