05-20-2024 Countries In Recession Won’t Be  “Lonely Boy”

The latest tame inflation dropped rates.  Many expected a strong report that would have pushed rates significantly higher.

Avoid emphasizing one report; instead, pay attention to coalescing trends.  Megatrends suggest the next recession will affect more countries than usual.

Amid the eternal war between bulls and bears, the bulls merely shifted the guillotine a notch.  The new 10-year yield range is 4.67 to 4.18.

Oh, Powell, you are the love that keeps us waiting.
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Song:  Lonely Boy (2011)

Les Parker, CMB Managing Director, Transformational Mortgage Solutions

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.