tag:blogger.com,1999:blog-6616959642391988608.post7916343611496153022..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: 30-yr fixed mortgage rates on the riseScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6616959642391988608.post-39911062915558324112017-03-15T14:32:23.684-07:002017-03-15T14:32:23.684-07:00Scott has been pointing out for quite some time th...Scott has been pointing out for quite some time that money demand has been huge compared to historical levels. If so, then one could guess that money is entering all asset markets, but of course to differing amounts depending on ones preferred asset allocation. <br /><br />This continues to be a fascinating economy to watch. Especially with the unexpected fiscal policy changes. I can't wait Ataraxiahttps://www.blogger.com/profile/06890889962572151036noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-26392849602783855662017-03-15T14:30:44.534-07:002017-03-15T14:30:44.534-07:00This comment has been removed by the author.Ataraxiahttps://www.blogger.com/profile/06890889962572151036noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-18438993234420188822017-03-15T12:28:00.602-07:002017-03-15T12:28:00.602-07:00FlatteningFlatteningJohnny Bee Dawghttps://www.blogger.com/profile/06836875640973245734noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-50218026231016231002017-03-15T12:15:53.389-07:002017-03-15T12:15:53.389-07:00Long end rallied and gold miners shot up 7-10% wit...Long end rallied and gold miners shot up 7-10% within an hour of the Fed hike. WTF? Sell the rumor, buy the news? Financials didn't want to rally with the curve flattering. Odd to me.Johnny Bee Dawghttps://www.blogger.com/profile/06836875640973245734noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-45242147696341007612017-03-15T06:23:46.036-07:002017-03-15T06:23:46.036-07:00Benjamin: Excellent points, all. One comment: I&#...Benjamin: Excellent points, all. One comment: I'm thinking the monetary environment is similar to that of the second half of 2004. Recall that the Fed started a 17-move rate hiking policy in mid-2004 and it would last two years taking the Fed Funds from 1.0% to 5.25%. But in the first year of that move, the real Fed Funds rate was well below the 5-year TIPS spread (as Scott has shown on Grechsterhttps://www.blogger.com/profile/08898953158865778397noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-5670720258061932932017-03-15T00:40:00.412-07:002017-03-15T00:40:00.412-07:00Commercial real estate stopped appreciating back i...Commercial real estate stopped appreciating back in August. Multi-family apartment sales have slowed way down. I think there is some false life in national single-family detached housing prices, which are often propped up artificially by zoning (verily, we all believe in free enterprise, just not in our own neighborhoods!). <br /><br />Too soon, of course, to say "plateau," "lull&Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com