I’m not an economist, but I do know a lot of people who were affected by the ’87 crash – in the insurance brokerage field which was tremendously “down-sized”, and later on in other industries through the ripple effect. My father-in-law didn’t listen to his own advice and lost a lot. Guess it’s your perspective.
I would have liked to have found a better chart, but the point is when you see this what you are witnessing is a panic in flight to quality, which means the credit concerns are still quite serious out there. The Fed tried on Friday, but the chart shows that as of Monday it didn’t work.
There is no story here. Today was quite calm. The 10-year note moved only 3.9 basis points. The movement at the short end of the yield curve merely reflects the increased likelihood of a cut in the federal funds rate after the cut in the discount rate lst week.
interesting to remember how big a news event the 87 “crash” was, and how small an actual event it was
Something (temporarily) significant may have happened in the markets the past couple of weeks, but this move in the T-Bill auction rate isn’t it.
And graphs of this sort, where the y-axis does not start at zero, [i] always [/i] exaggerate the visual appearance of the trend.
I’m not an economist, but I do know a lot of people who were affected by the ’87 crash – in the insurance brokerage field which was tremendously “down-sized”, and later on in other industries through the ripple effect. My father-in-law didn’t listen to his own advice and lost a lot. Guess it’s your perspective.
I would have liked to have found a better chart, but the point is when you see this what you are witnessing is a panic in flight to quality, which means the credit concerns are still quite serious out there. The Fed tried on Friday, but the chart shows that as of Monday it didn’t work.
This is big, real, and overdue.
There is no story here. Today was quite calm. The 10-year note moved only 3.9 basis points. The movement at the short end of the yield curve merely reflects the increased likelihood of a cut in the federal funds rate after the cut in the discount rate lst week.
Why are home mortgage interest rates not going down? Doesn’t make sense.
Charles B: conforming loan rates have dipped. Others have risen to to decrease in supply.