usctrojancpa
Well-known member
30-year fixed at 4% is 1.25pts and the 7-year ARM at 2.375% is about 2pts (2.875% is close to 0pts). Rates a down a little bit from Friday.
S+P Downgrade of US debt
- Thread starter sgip
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NEW -> Contingent Buyer Assistance Program
And then he said...
"Bill Gross, manager of the world?s largest bond fund for Pimco, has admitted that it was a mistake to bet so heavily against the price of US government debt."
...Mr Gross started to buy government debt, as well as related securities and derivatives, in recent months. However, he faces a challenge to catch up to the benchmark, which has returned 4.55 percent for the year so far, versus the Total Return Fund?s 3.29 percent, according to Lipper, a research group.
?When you?re underperforming the index, you go home at night and cry in your beer,? he said, adding: ?It?s not fun, but who said this business should be fun. We?re too well paid to hang our heads and say boo hoo.?
http://www.cnbc.com/id/44323496
Amen
If rates aren't held artificially low, and housing isn't doubling in price every year, it's simply un-american. Every house you buy pumps thousands of dollars into the economy which U.S based mega corporation use to create thousands of jobs in South Sudan and Outer Mongolia where the average wage is 4 cents a week.
Of course that doesn't help any of us out in California much, but remember this, American Unions are FREE to compete at 2 cents a week - unless of course they are America-hating commie scum that refuse to help their country recover.
IndieDev
New member
Bernanke and Geithner are such assholes.
Instead of letting market fundamentals wash out all the bad debt, these clowns are pushing capital from one ponzi scheme to another. Housing, equities, what's next?
Bubbles aren't true price discovery. If this was 200 years ago, Ron Paul would have challenge Bernanke to a pistol duel and shot him down by now.
Instead of letting market fundamentals wash out all the bad debt, these clowns are pushing capital from one ponzi scheme to another. Housing, equities, what's next?
Bubbles aren't true price discovery. If this was 200 years ago, Ron Paul would have challenge Bernanke to a pistol duel and shot him down by now.
morekaos
Well-known member
morekaos said:
And then he said...
"Bill Gross, manager of the world?s largest bond fund for Pimco, has admitted that it was a mistake to bet so heavily against the price of US government debt."
...Mr Gross started to buy government debt, as well as related securities and derivatives, in recent months. However, he faces a challenge to catch up to the benchmark, which has returned 4.55 percent for the year so far, versus the Total Return Fund?s 3.29 percent, according to Lipper, a research group.
?When you?re underperforming the index, you go home at night and cry in your beer,? he said, adding: ?It?s not fun, but who said this business should be fun. We?re too well paid to hang our heads and say boo hoo.?
http://www.cnbc.com/id/44323496
Amen
usctrojancpa
Well-known member
So much for rates spiking up...looks like we may be headed towards 1.50% on the 10-year bond before the year is out.
irvinehomeowner
Well-known member
How long will this last?
IndieDev should come in here and tell us his take on this.
(I'm not kidding)
IndieDev should come in here and tell us his take on this.
(I'm not kidding)
usctrojancpa
Well-known member
As I mentioned in the other thread, it'll take years as we are gonna deal with our own lost decade.irvinehomeowner said:
sgip
Well-known member
Re: 10 year to 1.50. That may be the case, but don't get caught up in that single data points value in charting the direction of rates. So far the 10 year is at 1.93 to 1.98, down significantly from Frday. Mortgage Backed Securities - laying there like a dead body. Why? With uncertainty of the value of an MBS during a refinance boom - perhaps a massive refi boom courtesy of any new Federal intervention - investors aren't that thrilled with buying MBS's relative to other debt instruments. Sure, rates have improved a bit, but it's not a 1 to 1 correlation. We might see a 1.5% 10 year, but a 30 fixed hovering between 3.75 and 4.0%, never lower. Will be an interesting few weeks what with this speech coming up and a a 2 day Fed meeting.
My .02c
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My .02c
Soylent Green Is People.
IndieDev
New member
irvinehomeowner said:
If rates aren't held artificially low, and housing isn't doubling in price every year, it's simply un-american. Every house you buy pumps thousands of dollars into the economy which U.S based mega corporation use to create thousands of jobs in South Sudan and Outer Mongolia where the average wage is 4 cents a week.
Of course that doesn't help any of us out in California much, but remember this, American Unions are FREE to compete at 2 cents a week - unless of course they are America-hating commie scum that refuse to help their country recover.