tag:blogger.com,1999:blog-6616959642391988608.post525032677203444286..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Confidence rises to its long-term averageScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6616959642391988608.post-32892637658183339852014-07-30T13:12:05.212-07:002014-07-30T13:12:05.212-07:00U.S. 10 yr Treasury Note 7/30/14
Yield at 4 pm ...U.S. 10 yr Treasury Note 7/30/14<br /><br />Yield at 4 pm 2.558 <br /><br />Day change in yield +0.097 <br /><br />Pretty big move after all, up 97 basis points on the day.Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-28852151352821804212014-07-30T07:56:20.934-07:002014-07-30T07:56:20.934-07:00"Surged" is probably a poor choice of wo..."Surged" is probably a poor choice of words. Inflation has been running at about a 2% pace for some time now (filtering out the noise of quarterly fluctuations), and inflation expectations have been 2-2.5% for many years. So today's news was not a surprise at all.<br /><br />GDP growth exceeded most expectations, however, and the market has now revised its expectation for the Fed&#Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-81367188956890446382014-07-30T07:16:13.663-07:002014-07-30T07:16:13.663-07:00" Inflation as measured by the Federal Reserv..." Inflation as measured by the Federal Reserve's preferred price index surged..."<br /><br />and yet bonds are having a muted reaction. the 10 yr is at 2.5%. people just aren't SELLINGstevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-24744914535027456512014-07-30T06:14:38.177-07:002014-07-30T06:14:38.177-07:00As Scott Grannis anticipated:
"WASHINGTON (M...As Scott Grannis anticipated:<br /><br />"WASHINGTON (MarketWatch) - Inflation as measured by the Federal Reserve's preferred price index surged in the second quarter to the highest annual rate in three years, potentially making the central's bank effort at managing the U.S. recovery more difficult. <b>The PCE index rose at a 2.3% annual rate in the April-to-June period, compared to Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-7985427638358075192014-07-29T16:06:40.834-07:002014-07-29T16:06:40.834-07:00Glacial recovery...business class does not like Ob...Glacial recovery...business class does not like Obama and an ossified Fed is asphyxiating the economy...many local governments are essentially anti-growth, see Newport Beach...<br />My worry: the USA has created gigantic "disability" class of 12 million SSDI and VA recepients who have less incentive to work again...ever. This dwarfs the unemployment insurance population...Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-77373732377657499912014-07-29T12:39:03.359-07:002014-07-29T12:39:03.359-07:00Stable monetary policy brings boring equity market...Stable monetary policy brings boring equity markets. And monetary policy has been stable, as evidenced by the (relatively) stable gold price, for over 12 months. I know, I know, I don't think it'll last either. But it's tough to argue with the recent past.Grechsterhttps://www.blogger.com/profile/08898953158865778397noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-74964185609202510372014-07-29T12:09:06.458-07:002014-07-29T12:09:06.458-07:00Lower gold prices stem from higher dollar prices o...Lower gold prices stem from higher dollar prices over the intermediate and longer term. Also on expectations of future confidence in the dollar. This goes for oil too.<br /><br />Since we know there is no money sitting on the side lines, the lack excitement in the stock market is due to no reason to sell. That may seem counter intuitive but with such high correlation of everything low Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-73150181259438373032014-07-29T12:05:52.079-07:002014-07-29T12:05:52.079-07:00RE: Household Net Worth Up
A third of consumers w...RE: Household Net Worth Up<br /><br /><b>A third of consumers with credit files had debts in collections last year</b><br /><br />"About 77 million Americans have a debt in collections, a new report finds. <b>That amounts to 35 percent of consumers with credit files or data reported to a major credit bureau</b>, according to the study released Tuesday by the Urban Institute and Encore Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-79179078085041603152014-07-29T09:50:17.504-07:002014-07-29T09:50:17.504-07:00Do you happen to know what the real employed and u...Do you happen to know what the real employed and unemployed numbers look like currently? and the number of bodies that are simply not seeking jobs in this current environment? Thankszumbadorhttps://www.blogger.com/profile/03124444420383526405noreply@blogger.com