(USTs lower, bear steepening on above avg volumes)while WE slept... ; "More disinflation is in store over the next year"; AND more 2024 darts thrown (Wells, Goldilocks)
(USTs lower, bear steepening on above avg volumes)while WE slept... ; "More disinflation is in store over the next year"; AND more 2024 darts thrown (Wells, Goldilocks)
Good morning … Overnight we recieved some ‘flation data from the Far East (China October CPI fell 0.2% yoy vs f/c -0.1%, PPI fell 2.6% yoy vs f/c -2.7%.) …
Brace yourself Steve, could be diving in Head First into ye old Rabbit Hole....
On Tues I learned that my mortgage company, Mr. Cooper (he's African American btw), suffered a Massive Data Breach on Oct 31st. They were unable to accept mortgage payments for a time. Their website says mortgage payments can be accepted online now, but I've heard reports of otherwise.
Are of most interest for me is the Plumbing and the Connections within this spider's web. I've studied the movement of the US 10 yr since Oct 30th. I do not know the hr of Mr. Coopers data breach. However, I have observed that after the 10 yr breached 5%, that yield began backsliding Oct 31st. I DO NOT believe in a coincidence like THAT. I wish I could blow up larger those Vanguard charts, for here's another strange coincidence: Mr. Cooper's 2 largest shareholders are....wait for it....BlackRock and VANGUARD. Wow! So if worse comes to worse, we'll get our Brandon bailout!
FYI I don't want that. I have assets to sell if needed to pay off the remaining $85K of my mortgage. But I do fear for my fellow Mr. Cooper barrowers, and for the housing & mortgage industries as a whole. A really BAD signpost, to use Luke Groman's phrase; or if you'd prefer, An Ill Wind Blows Our Way, imho.
As far as the Media is concerned, even ZH: Crickets.
Great write up & thoroughness. Thank you.
Like that Goldilocks report !!!!
WFC...225 bps cuts seems excessive ???
Some China Deflation, not all bad....
Great article !!!!
Brace yourself Steve, could be diving in Head First into ye old Rabbit Hole....
On Tues I learned that my mortgage company, Mr. Cooper (he's African American btw), suffered a Massive Data Breach on Oct 31st. They were unable to accept mortgage payments for a time. Their website says mortgage payments can be accepted online now, but I've heard reports of otherwise.
Are of most interest for me is the Plumbing and the Connections within this spider's web. I've studied the movement of the US 10 yr since Oct 30th. I do not know the hr of Mr. Coopers data breach. However, I have observed that after the 10 yr breached 5%, that yield began backsliding Oct 31st. I DO NOT believe in a coincidence like THAT. I wish I could blow up larger those Vanguard charts, for here's another strange coincidence: Mr. Cooper's 2 largest shareholders are....wait for it....BlackRock and VANGUARD. Wow! So if worse comes to worse, we'll get our Brandon bailout!
FYI I don't want that. I have assets to sell if needed to pay off the remaining $85K of my mortgage. But I do fear for my fellow Mr. Cooper barrowers, and for the housing & mortgage industries as a whole. A really BAD signpost, to use Luke Groman's phrase; or if you'd prefer, An Ill Wind Blows Our Way, imho.
As far as the Media is concerned, even ZH: Crickets.