Industrial Insight

Housing and QE

January 30, 2015
Leave a Comment

3 Things – Fed Mistake, ECB QE, Housing Lance Roberts

Thursday, 29 January 2015

More importantly, given that the Federal Reserve has spent the last six years artificially suppressing interest rates to boost borrowing and home buying, it has been of only marginal success. Considering the trillion’s of taxpayer dollars spent on bank bailouts, TARP, mortgage fraud forgiveness, HAMP, HARP, etc., the results are quite disappointing
Housing-Process-Index-012815

Advertisements

Posted in Uncategorized

Copper prices also continue to fall.

January 27, 2015
Leave a Comment


Posted in Uncategorized

Oil prices continue to fall and are below $50 a barrel

January 27, 2015
1 Comment


Posted in Uncategorized

Steel remains flat and low. Low oil and copper prices make improvements in demand unlikely.

January 27, 2015
Leave a Comment


Posted in Uncategorized

Dollar going up means more competition from imports, less opportunities for exports.

January 20, 2015
Leave a Comment


Posted in Uncategorized

Copper also down. It tracks industrial activity, bad news.

January 20, 2015
Leave a Comment


Posted in Uncategorized

Oil off below $50 a barrel. Steel casting sales trace price of oil.

January 20, 2015
Leave a Comment


Posted in Uncategorized

Steel production down this week. Commodities in tank

January 20, 2015
Leave a Comment


Posted in Uncategorized

No higher rates yet…

January 19, 2015
Leave a Comment

http://www.realclearmarkets.com/articles/2015/01/19/dont_count_on_higher_interest_rates_quite_yet_101493.html

January 19, 2015

Don’t Count On Higher Interest Rates Quite Yet

By Jeffrey Dorfman

When rates fall, borrowers refinance their mortgages and when rates rise, they hold onto their mortgages; thus, lenders know that when rates rise they risk being stuck for a long time with below-market returns. That gives them a powerful incentive to raise their rates before the Fed begins to move; yet, the data shows no sign on such a preemptive rise in mortgage rates.

Car loans and personal consumer loans also display a slow and steady downward trend in the average rates over the past year. Combined with the pattern of mortgage rates, the picture of rates in the marketplace seems clear. While all the experts expressing opinions (including those at the Fed who actually make the decision) are convinced that the Fed is about to start increasing interest rates, those who lend money do not seem to be acting as if they are worried about either a higher cost of funds or increased inflation. Lenders continue to be quite willing to lend money for rather long terms at historically very low rates.


Posted in Uncategorized

State of our Union

January 13, 2015
Leave a Comment

http://streettalklive.com/index.php/blog.html?id=2565

The 2015 State Of The Union Lance Roberts

Monday, 12 January 2015

Debt-GDP-011215-2


Posted in Uncategorized
Next Page »

About author

I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.

Search

Navigation

Categories:

Links:

Archives:

Feeds