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"What times we live in. GM fails to recall 700k cars which results in 12 deaths and 47 injuries for a chip shot fine of 35mm for the giant automaker, meanwhile the CFPB fines some small AL mortgage outfit for 500k for failing to disclose properly. Something really wrong with that...."
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"so with negative consumption, that doesn't bode well for GDP..not sure where people think this massive rebound is coming from..."
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"It's a mystery to me as well. I think the next 3 to 5 mos will be the most important mos for the economy in awhile. QE ending and the prospect of higher policy rates, expectations of faster jobs and growth, ECB easing (maybe), Japan imploding, and China as a wild card. What can go wrong ?..."
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"the only explanation I have for it, is the talking heads, the economists they speak to are all rich, so things are great for them so they think it is great for everyone..."
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"Definitely a disconnect there, VB...."
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"VB, I think your point is legitimate. When I look at applications each day, your average guy is just struggling to get by. There is not a whole lot of disposable income and when you combine that with the fear of what has happened to our economy over the last 5 years, it is a recipe for caution and lack..."
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"holding 2.47 this morning seems like a decent show of strength after the recent rally. Have to assume the 10YR was/is a tinch overbought..."
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"Awesome news on home appreciation in newstream: "The analysts agreed that further price increases will likely be curbed by tight lending standards, slow wage growth, and a lack of first-time buyers, a group that might be further restrained by those factors."..."
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"Are we nearing positive reprice territory?..."
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"some lenders, possibly. Depends on initial rate sheet time. Closer to the price trough = more possible...."
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"+3 - +4, and holding...maybe..."
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