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FloridaCMPS (22.37)

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Fed Sees Economic Contraction Slowing: Will Mortgage Rates Climb?

April 29, 2009 – Comments (1)

As I have mentioned numerous times before, the Policy Statement released by the FOMC at the time of announcing their decision on the Feds Fund Rate is the more important factor in determining which direction mortgage rates will move in the future.  I had expected a big shock to the markets, possibly even an increase in their MBS purchasing agenda yet again.  This time there was no “surprise”, rather a renewed commitment to the $1.25 trillion MBS purchasing spree, along with  the renewed commitment to use ALL available tools, including those not yet created I am sure, to open the floodgates of credit.    [more]

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Will the Federal Reserve Pay You to Borrow Money?

April 28, 2009 – Comments (0)

As strange as that sounds, many moons ago I mentioned that the Fed, led by Ben Bernanke, would love nothing more than to pay people to borrow money and a study released yesterday proves I was right.  The fact is that Big Ben wants inflation so bad that he would be willing to pay others to borrow money if he could actually do that.    [more]

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"Would you like a side of hyper-inflation with your job loss and reduced fat retirement?"

February 24, 2009 – Comments (4)

That is the question our government would be asking you if they were your waiter.  While I was doing this morning's mortgage market update, that thought came to mind as a great way to sarcastically explain the government's actions thus far.

With job losses mounting, the government claims they need to force through another stimulus package which creates more jobs, government jobs that is.  And they did exactly that, well not exactly as the amount of jobs they actually will create versus what they claim will not equal each other, and it will be inversely proportional to how much the cost is.  In simpler terms, they won't create the promised amount of jobs and it will ultimately cost more than what they said.  Also, history shows that growing the government is exactly opposite of what the government should be doing, at least in a capitalistic society.  maybe the dessert selection will be socialism?  [more]

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Inflation: Hidden Giant Waiting to Attack?

February 21, 2009 – Comments (5)

On Friday, we saw the release of the CPI (Consumer Price Index) and it showed inflation to be tame overall, actually falling into Bernanke's concerns, deflation.  Even when you look at the Core CPI, removing volatile food and energy from the equation, you still only see a small inflationary rate over the last year, just 1.7%.  But is the inflation rate really that low, or is it that the CPI is not showing reality, at least not yet?  [more]

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US Inflation Approaches 20%

January 02, 2009 – Comments (4)

This could very well be the headlines in the future, granted it may not be the "near" future.  But if you look at everything that is happening right now, inflation is a sleeping giant that lurks in the darkness and is just waiting for the right time to attack.  [more]

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