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This chart shows the 30 year year fixed rate mortgage rate minus the three month treasury bill rate. Shaded areas represent recessions. For a description of why I consider this to be a fear minus greed chart please see the close encounters link below.
Here's a closeup. We reached a new local high yesterday (the data on mortgages that I'm using is only provided once a week, on Thursdays).
Here's a look at unemployment. I'm reasonably convinced that March of 2007 marked the bottom. If so, the fear minus greed "party" might just be getting started.
See Also:
Close Encounters of the Fear Kind
Source Data:
FRB: Selected Interest Rates
St. Louis Fed: The Employment Situation
National Bureau of Economic Research, Inc.
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