Weekly Economic and Market Review
The economic data last week continued the slowly improving trend that has been evident for months now – or at least evident outside of housing. Stocks continued their recent slow motion rally, the dollar strengthened (or more accurately the euro weakened) and commodities were generally well behaved. Unfortunately the bond market wasn’t very cooperative with .. read more
Weekly Market Update
Every Saturday I post a weekly market comment on our main website. If you want to receive this commentary every Saturday by email, sign up by clicking on the ad in the left column. This week’s commentary is Return of the Bond Vigilantes: Has anyone seen James Carville recently? I think I spotted him recently .. read more
Understatement of the Week
From the WSJ: With long-end Treasury yields racing higher this week and wreaking havoc on the mortgage bond market, the Federal Reserve might have to tweak its Treasury purchase program sooner rather than later. To date, the Fed has purchased a little less than half of the $300 billion it has pledged to buy in .. read more
