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NAHB: Builder Confidence Increased Slightly in December, Negative territory
for 20 consecutive months
-
The National Association of Home Builders (NAHB) reported the housing
market index (HMI) was at 39, up from 38 last month. Any number below 50
indicates th...
1 hour ago
4 comments:
Long term trends continue until they don't.
In my opinion, long-term bond yields are acting like radioactive decay. The trend can continue until there’s nothing left.
In theory. the Japanese and many Europeans will laugh at our folly while welcoming us to their nothingburger yield club.
In practice, almost anything can happen, of course.
New I-bond rates dropped. New issue is 7.12% for next 6 months!
Fixed rate still 0 though. Not sure if that makes the 7.12% more impressive or worse.
Allan,
Not sure if that makes the 7.12% more impressive or worse.
It’s very impressive illusionary prosperity but not at all impressive real prosperity. ;)
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