7.10.23 Will the Economy “Rock & Roll” Into a Slowdown
Finally, the bears reached our 10 yr yield target of 4.10. The bears ended the secular bull market in 2022, and all bull comebacks crashed. With many central banks tightening over 400 basis points in less than a year, when will the reversal start? When it happens, expect a significant drop in 10 yr as constraining illiquidity pushes the world into a significant economic slowdown. As a result, expect more crazy moves. Fed goes Rock & Roll Song: Rock and Roll Part 2 (1972) Gary Glitter
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.