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Mortgage Rate Rockets Up To 8%
The 30-year fixed mortgage rate rocketed up to 8.00% today. It is up from 7.57% on October 12…
Housing Market
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Talking Heads Talk Stocks Down
We were surprised that stock prices didn't drop yesterday along with bond prices. So we aren't surprised to see stock…
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Upside Surprises
The economy isn't landing; it's flying high. Following better-than-expected July reports for housing starts and industrial production this morning, the…
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The Promised Land
The permabears will have to postpone their imminent recession yet again based on today's batch of US economic indicators, which…
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Rolling Expansion?
What happens after a rolling recession? Perhaps a rolling expansion as the economic sectors that fell into a recession recover.…
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The Economic Week Ahead: June 20-23
It's a short and light week for economic data. We'll be focusing on May's Composite Cyclical Indicators (Thu). The index…
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Progress In Debt Ceiling Talks Lifts Stock Prices
Stock prices are up this morning on news that both the Democrats and the Republicans want to get a deal…
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The Economic Week Ahead: May 15-19
The week ahead is jampacked with coincident and leading economic indicators. The most up-to-the-minute ones will be May 12 mortgage…
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The Economic Week Ahead: March 20-24
The FOMC always seems to take center stage in the financial markets these days, and will certainly do so on…
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More Soft Landing Stats
No boom, no bust. That describes yesterday's flash estimates for February's M-PMI and NM-PMI released by S&P Global. They…
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Rent Inflation Is Moderating
The CPI's rent of primary residence is showing no signs of peaking, rising to 8.6% y/y during January…
