03.18.24 Inflation Has the “Folsom Prison Blues”
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Hello, I’m Jerome Cash

I hear inflation comin’, it’s rolling round the bend.
And I ain’t seen it tumblin’ since I don’t know when.
I’m stuck in Biden’s Prison, inflation draggin’ on.

Biden pushes on demand with old-fashioned Democrat economic policies constraining commerce and unrestrained spending. Adding in Yellen’s global minimum corporate tax releases inflation that is beyond transitionary according to repentant Treasury Secretary Janet Yellen.

As a result, Powell will not ease as quickly as the market wants, but he will give it QT relief.

Far from Folsom Prison, That’s where Jay wants to stay,

so he’ll blow that QT whistle, Blow our Blues away.
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Song: Folsom Prison Blues (1955)

Les Parker, CMB

Former senior vice president of a national technology and service company.

Les Parker is the Managing Director at Transformational Mortgage Solutions Advisory Board Member for Ainsworth Advisors; and has served as the Senior Vice President of Industry Relations and Consulting at LoanLogics, a technology and services provider focused on improving mortgage loan quality, performance, and reliability throughout the loan life-cycle. His responsibilities included managing the company’s life of loan analytics and monitoring capabilities, overseeing consulting services, contributing to the strategic planning team, and communicating with industry leaders to develop and maintain positive relationships. He focused on identifying threats and strategic opportunities.

Parker has executive mortgage banking experience in capital markets, servicing, operations, production, and financial management. Parker has served as director of the largest private issuer of CMOS. His educational background covers music, religious studies, mortgage banking, mathematics, and business administration. Parker holds a BBA in Finance, and other degrees, and has held numerous securities licenses. Parker is a Master Certified Mortgage Banker, a designation conferred by the Mortgage Bankers Association. Parker writes, speaks, and provides audio content,  Since the late 1980s, he publishes a daily newsletter connecting global macroeconomics to the US interest rate movement.