Get Ready for Shocks
Hints of stimulus in China caused Oil producing states to cut production and prepare for a global slump. As a result, the 10 yr yield slipped from 3.80.
Get Ready for Lulls
Near-term markets struggle with views on yield curves, currencies, and recessions resulting in erratic range trading.
Get Ready for Launch
Before year’s end, plan for a 2.5% 10 yr yield and 30 yr conventional rates to touch 5.75. But don’t plan for a massive bump in volume.
Song: The Launch (1999) DJ Dean
“The Launch” is a song by Dutch disc jockey DJ Jean, produced by Jean and Klubbheads. The vocals are performed by Natasja Morales.
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.