Lock Watch for the Week of 2/18/2019
Lots of Fed talk this week but few reports.
Economicalendar (all times are Pacific):
Mon, 2/18: President's Day, markets closed.
Tues, 2/19: Housing Market Index (7am).
Weds, 2/20: FOMC minutes (11am).
Thurs, 2/21: Jobless Claims, Durable Goods, Philadelphia Fed Bus Outlook Survey (5:30am). Existing Home Sales (7am).
Fri, 2/22: Quiet.
10-Year Treasury History
2.67% Friday's Close
2.66% One Week Ago
2.79% One Month Ago
2.88% One Year Ago
Hell on Wheels: New York City's Subway in the 1970's
A fond childhood memory of mine is riding the NY subway system in the '70's. My indefatigable and uncomplaining grandmother would schlep my brother and me from the 79th St. station in Bensonhurst, Brooklyn into Manhattan to the American Museum of Natural History so that we could see the dinosaur fossils, and then maybe later we'd stop at a Chock Full o' Nuts for something to eat.
But riding the NYC subway in the seventies was a cultural experience unto itself, epitomizing the definition of 'gritty.' I recently uncovered a photo documentary and it's fascinating. You can find it HERE. Entitled "Hell on Wheels," some of the images take me right back to being 6 or 7. Now if I could only hear that sound of screeching and clanking and smell the cigarette smoke...
Robert J. Spinosa
Vice President of Mortgage Lending
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