Archive for Fed
Bernanke Successfully Re-Inflating Housing, Unbeknownst To Shiller
Adapted from the Wall Street Examiner. There were two major housing data releases today. One of them is important. The other was a misleading misdirection play, as it usually is. Due to its… Read more
Consumer Metrics Institute News: August 26, 2011 – BEA Lowers Second Quarter GDP Growth Rate to Below 1%
Contributed by the Consumer Metrics Institute. The Bureau of Economic Analysis’s (BEA) second estimate of second quarter 2011 U.S. Gross Domestic Product (GDP) was reported to be 0.98%, continuing… Read more
Rates Way Down, Apps Way Up… That’s Good, Right?
Last week mortgage applications rose a whopping 21.7% from the previous week according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. Great news for the industry… Read more
Bernanke’s Big Plan to Bluff Housing Back to the Bulls
Contributed by Ben Thorpe at Benzinga. There are now three guarantees in life: death, taxes, and another round of quantitative easing. Ben Bernanke has played coy the last three days,… Read more
Bernankenstein Confirms Monster Experiments
In testimony before the House Financial Services Committee today, Fed Chairman Bernankenstein confirmed in his own words what I have been writing for months. Here’s how Marketwatch.com put… Read more
Markets Know QE2 Is “Transitory”
Originally posted June 6th over at The Wall Street Examiner. Virtually all key liquidity indicators are negative as the markets hurtle toward the end of QE in a little over 3 weeks. Large domestic… Read more
Effect of Fed’s MBS Exit On Mortgage Rates Unknown
I’ve heard fifty to sixty basis points. I’ve heard one and a half percent. I’ve heard not at all.I’ve heard lots of economists, reporters, TV analysts, and mortgage industry professionals take a… Read more
Today’s Mortgage Rates Steady Below 5 Following Fed “Text”
Prices of mortgage-backed securities declined for the second day in a row today. Mortgage rates, which move opposite mortgage-backed securities prices, were unchanged. Pricing though, which effects… Read more
Predatory Deception Falsifies New York Times Editorial on Mortgage Brokers
Predatory Deception Falsifies New York Times Editorial on Mortgage Brokers. The Ambitious Ignorance of the Paper’s Call To Ban Yield Spread. My Request for a Retraction and Apology — The Mother of… Read more
The Fed Is Too Powerful To Be Unaccountable
Now is the time to examine the proper functions of the Federal Reserve System–especially those of the Board–and make systemic changes. The popularity of US Rep. Ron Paul’s bill to audit the Fed… Read more
