The sharp rise in mortgage rates that is now under way threatens to limit the refinancing boom, limiting the cash that will be dropped into U.S. consumers' hands during the critical holiday-shopping season.
More Quotes from Rory Robertson:
Unemployment at 6 percent means the Fed has just lost six full years of progress towards lower unemployment in just six quarters. With its preferred measure of core inflation at the lowest level since the 1960s, the Fed probably requires a run of monthly payroll gains of 150,000 to 200,000 before it will feel any real need to tighten.Rory Robertson
All the good growth is in the forecasts, in the idea that financial conditions have eased. But we've seen that doesn't always turn into actual good growth.
Rory Robertson
I am skeptical that this time will be different.
Rory Robertson
At the corporate level, the big downturn in equity prices has smashed company pension funds, forcing companies to put more money back into their pension plans. Anything that helps to stop the downturn in equities could be helpful.
Rory Robertson
The Republicans have control of the Senate, but the economy is still struggling. Maybe Republican control will lead to some tax cuts, but that's not going to happen in the near term. The U.S. economy needs all the help it can get, and soon.
Rory Robertson
The markets were a little disappointed that the Fed didn't give any explicit hint that a pause is around the corner.
Rory Robertson
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Why did I spend all these years playing boring Europeans? I was made for action movies.
Asia Argento
I think we're going in the right direction.
Jason Kidd