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So for you financial folks, does this mean we can expect to see another round of mortgage rate reductions?
Collapse!!!
I just sent a note to my boss saying that I want my commission check on the $4 million of product that I just sold to myself and then sold back to the company. I just stimulated the economy and because the top salesman in my company’s history.
See, look how easy it is! Thanks for showing me how it’s done, Mr. Bernake.
They dropped forty-six cents, blam, from $131.80 to $131.34.
Those graphs, if you go to the original source, usually allow expanding the timeframe beyond four hours. What looks significant sometimes is misleading, especially at tiny increments.
What is this saying about the Republican victory? This is the futures market not current interest rates and speculators can be wrong or just not sure they should be buying.
Blam...They basically have a control panel there at the Fed. if something goes the wrong way then they can crank a dial or flip a switch, and it will come back to what they want. The phone calls go out to the central banks, the Big banks, hedge funds- The money flows through the fed funds and purchases and gets directed however the fed may decide with some profit left in the action for the one who plays nice with the fed. A rumor here, a rumor there. They have the whole thing in the palm of their hands. There is not much natural about the markets or the debt anymore.
In the end the game will fail. But who knows how long they can keep it up.