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obama: Air, Food, Water...and a Job Please! - 01/28/10 02:11 PM
Last night many American's tuned in to Obama's first State of the Union Address.  With concerns of jobs and the economy on our minds...it was impossible to miss this statement, "Jobs must be our No. 1 focus in 2010, and that is why I am calling for a new jobs bill tonight."  For most of us...after air, food, and water...having a job is pretty important.  It's nice to hear that Obama may turn his attention from his healthcare objective and give a little attention to jobs.  However, what struck me as odd is I could have sworn the primary objective of the … (0 comments)

obama: Mortgage Bonds Bust a Move... - 07/08/09 04:13 PM
Mortgage Backed Securities (MBS) are moving again!  Over the past several days, MBS have been improving as stocks continue their struggle.  Today's bond auction was well received which has helped fuel a beautiful rally today, giving Bonds the needed momentum to break above some tough overhead resistance.  The past few days gains have brought rates back...well, almost back...to the levels of one month ago.  
Rumors of a 2nd stimulus plan hit the wires just days ago and the chatter continues.  The first stimulus plan was aimed at Banks, Automakers, City and State governments.  New reports indicate that it also put more … (0 comments)

obama: Jobs Slide Again - 02/06/09 09:21 AM
This morning the all important Job Report was released and it was ugly...worse than expected.  The 525,000 forecast came in at a loss of 598,000 jobs.  This is the greatest job loss since 1974. 
Job losses for all of 2008 were also adjusted higher...at 3 million.  The government said employment at the end of the year (08) was 138.2 million, a little bit better than initially reported. 
Our unemployment rate jumps to 7.6% and the highest unemployment rate since September 1992.  But wait...7.6% represent those who are unemployed and looking for work.  After adding in those who are too discouraged to … (2 comments)

obama: Confidence Disappoints Stocks, Will Bonds Benefit? - 01/27/09 09:17 AM
Last night the Senate confirmed Timothy Geithner as Secretary of the Treasure.  Obama showed up to swear him in, which is a bit unusual.  It will be interesting to see how Obama's recovery plan will advance.
Consumer Confidence comes in lower than expectations and knocked the life out of stocks. Mortgage Bonds catch a slight bounce.  The conference board said they are beginning to see improvements in consumer expectations...could this be the result of renewed hope with a new President?
This afternoon a big supply of Bonds will hit the market at 1pm ET, when the Treasury will auctions off $40B in 2-year T-Notes.  … (0 comments)

obama: Bonds Hanging In Mid-Air - 01/21/09 09:21 AM
Yesterday, the stock market dropped sharply with its worst-ever performance on an Inauguration Day.  More often than not, the stock market has declined as a new presidential term is greeted.
What may be surprising to some is that the Bonds didn't benefit.  Trading was thin as Washington was essentially shut down and our Fed wasn't buying Bonds.  Seems everyone tuned into the Inauguration.  This thin trading exacerbates the volatility in the market. 
Today, Obama's pick for Treasury Secretary, Tim Geithner will be in the spotlight as he appears before the Senate and answer to his tax "mistakes".  However it appears this … (0 comments)

obama: Will Hope Float Bonds on Inauguration Day? - 01/20/09 09:23 AM
After being closed for 3 days, there are no fireworks for Mortgage Backed Securities (MBS) this Inauguration morning.  In fact, they are lacking any enthusiasm as they opened lower... below the 25 day moving average and support, plunged 38 basis points searching for the next support level, and thankfully caught a slight bounce back.  Currently MBS are down 9...and rates are higher from Friday. 
Banks continue to feel the pain.  Bank of America announces they are cutting 4,000 jobs in New York.  Regions Financial is reporting losses, State Street reporting drop in profits of 71%.  Financial stocks opened lower this morning … (0 comments)

 

Elizabeth Rose - Certified Mortgage Planning Spec - Texas

Highland Village, TX

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