It’s been a pretty good year so far for mortgage rates, which topped out at around 8% last year.The 30-year fixed is now priced about one full percentage point below its year ago levels, per Freddie Mac.And when you consider the high of 7.79%...
Tom welcomes back Steve Penny. Steve is a full-time trader specializing in silver, gold, and uranium. Steve feels the US dollar remains in the classic definition of a downtrend, and the current pattern is similar to a previous failed breakout. Both the fundamentals and technicals appear...
On 23 March the Federal Open Markets Committee (FOMC) announced unlimited QE for both US Treasury stock and agency debt as well as however much liquidity commercial banks need. While judging the expansion of the budget deficit to be inflationary, it is only inflationary...
Now it is time to introduce a second factor; changes in the average cash balances held by a population.Changes in cash balances are an expression of relative preferences between money and goods. If a population as a whole is satisfied with the stability of...
