Entries from June 2009

Economy: Deflation Paper, Lost Decade, Savings Up, Housing Wealth Effect, Lottery Winners, Home Owners, Freddie Delinquencies

June 30th, 2009 · No Comments

 

 

short paper – Guest Post: The Future – Deflation – Posted by Tyler Durden – Submitted by James Perry – Zero Hedge

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A Faster Lost Decade? – Is the United States economy headed for a Japan-style lost decade? Evoking our February, 2008, item “Faster Markets,” Slate’s Daniel Gross suggests that the deep, ongoing recession in [...]

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Tags: Mortgage Market

Markets: Treasury Bears, Hedging Gas, Fed Buys MBS, Bidding Wars, Six Reasons, Florida, UST are HOT, M&A is Hot

June 30th, 2009 · No Comments

    SEVERELY Bearish Treasury Development – From Marketwatch: NEW YORK (MarketWatch) — Dresdner Kleinwort Securities has withdrawn from the Federal Reserve’s primary U.S. government security dealers, the U.S. central bank said Friday.  The change is net neutral in terms of numbers as a new dealer just came online, but in [...]

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Tags: Mortgage Market

Last day of the quarter; Citi, MGIC news; Which way is the economy going?

June 30th, 2009 · No Comments

  I overheard the kids last night talking about doing chores. My daughter said, “If we stop dusting, we could use the coffee table for a message board!” Speaking of message boards, I have seen a few analysts state that they believe property appraisals are keeping a lid on values. More precisely, when [...]

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Tags: Mortgage Market

The Garrett, Watts Report (June 30, 2009)

June 29th, 2009 · No Comments

the-garrett-watts-report-june-30-2009

 

To Our Clients, Colleagues and Friends,

A random question:  Why do people have those e-mail messages that say “I am out of the office but will return tomorrow?” Do they really accomplish anything?

A serious question:  What if banks gave out frequent flier points for deposits?  Wouldn’t that attract some business?  We think so.
Our all-time favorite deposit [...]

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Tags: Commentary · Garrett Watts · Mortgage Market