An Ant Posted June 9, 2004 Report Share Posted June 9, 2004 Holy Crap BatTurd. The 1 year ARM is at 1.96 this morning. This is unbelievable. 100 bps since March! A double in less than 3 months. The time bomb starts to blow next month. Details in the MoGauge Report coming up. Time Bombs are being ARMed ? Link to comment Share on other sites More sharing options...
Bearbones Posted June 9, 2004 Report Share Posted June 9, 2004 Yield curve continues to flatten-not an indicator of inflation pressures. From 10 years to 30 the curve reached a maximum 108 bps last June and is now 65bps its lowest in a year. From 2 years to 30 the curve maxed out at 364 bps in August. It is now 270bps. This is market movement and not Fed induced. If the process continues, it will begin to signal the onset of a slowdown or recession out further. The Fed would need, by my estimate, a minimum 400 bps of easing to reverse a recession. Right now, they don't have it. The curve is also making it harder for lenders and the carry trade. It still works, but that trade is much less profitable than last summer. Link to comment Share on other sites More sharing options...
purdymouth Posted June 9, 2004 Report Share Posted June 9, 2004 Deep Doo-Doo How do you know when you are in deep doo-doo? How about when the Attorney General of a Republican Administration refuses to turn over a memo to the Senate and the Wall Street Journal publishes the same memo on the same day. That is what I would call deep doo-doo. Seems like the press is finally getting a spine. Link to comment Share on other sites More sharing options...
brian4 Posted June 9, 2004 Report Share Posted June 9, 2004 Morning Crew-Window at the Bell for 45 minutes-my stop has been moved for the open to 1144.50 risk 4.5 points per contract. Hb quotes me at the top and yes, that is where I think we are-Max pain for o/e is spoo's 1100-dow-10,200, cubes-36-oex-545 and sox 475-sounds good Huh! Link to comment Share on other sites More sharing options...
rog Posted June 9, 2004 Report Share Posted June 9, 2004 Big retail warning TOM slashes earnings for next quarter from $0.03 to ($0.10) share, citing lower shipping patterns in Europe and weaker wholesale revenue Link to comment Share on other sites More sharing options...
GregFokker Posted June 9, 2004 Report Share Posted June 9, 2004 9:39am RATO SEES 'NO SIGNS OF RESOURCE INFLATION' IN U.S. I guess the IMF doesn't have price charts, eh? Link to comment Share on other sites More sharing options...
Captain's Log Posted June 9, 2004 Report Share Posted June 9, 2004 Yobob - thank for the "mises" link. I particularly like this snipet. Greenspan's low interest rates have driven renters to become homeowners and knocked the market out of equilibrium. Underneath this Fed-inspired distortion rests the dirty little secret of how the cost of housing has served to limit increases in measured inflation. The Consumer Price Index has underreported price inflation because the government uses the rental value of housing, rather the actual price of houses, in their index. Link to comment Share on other sites More sharing options...
GregFokker Posted June 9, 2004 Report Share Posted June 9, 2004 06/09/2004 09:44 *DJ Snow: Rising Mortgage Rates No Threat To Housing Market Filthy freaking liars out in full force today. I can't stand it. Link to comment Share on other sites More sharing options...
GregFokker Posted June 9, 2004 Report Share Posted June 9, 2004 9:45am SNOW SEES NO BUBBLE IN U.S. HOUSING MARKET Link to comment Share on other sites More sharing options...
FranciscoTheMan Posted June 9, 2004 Report Share Posted June 9, 2004 9:45:30 am SNOW CONFESSES THAT HE IS LEGALLY BLIND Link to comment Share on other sites More sharing options...
soup Posted June 9, 2004 Report Share Posted June 9, 2004 snowman is a 2 bit horror. What a freaking idiot. GF: of course the reason he is playing carny today is they are scared to death of the housing bubble which has found a pin. Fade the statists, big time. Link to comment Share on other sites More sharing options...
GregFokker Posted June 9, 2004 Report Share Posted June 9, 2004 How much money would they have to pay you to tell the most obvious, outrageous lies to the public, day after day? Link to comment Share on other sites More sharing options...
soup Posted June 9, 2004 Report Share Posted June 9, 2004 2 bit whore, sorry. Link to comment Share on other sites More sharing options...
soup Posted June 9, 2004 Report Share Posted June 9, 2004 GF: Exactly! How fricking morally bankrupt can one shill be? Once again, I see all the freaking signs that I live in a parallel universe. Link to comment Share on other sites More sharing options...
GregFokker Posted June 9, 2004 Report Share Posted June 9, 2004 GF: Exactly! How fricking morally bankrupt can one shill be? Once again, I see all the freaking signs that I live in a parallel universe. He was on CSpan and I had to turn it off. Link to comment Share on other sites More sharing options...
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