11-11-2024 For Rates "A Change Would Do You Good"
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With the Republican mandate, expect rates to favor their fiscal agenda. Neo-Keynesian analysts modeled higher deficits. So, rates increased as Trump’s election odds increased.
Yet, the models have always been wrong about deficits because they miss growth and are baffled by cutting bureaucracy.
Last week, the 10-year yield tested 4.50. The next test is 4.18. The Bulls can reign again, fueled by lower Oil prices.
Oil thinks a change. (A Change Would Do You Good)
The Dollars rise. (A Change Would Do You Good)
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Song: A Change Would Do You Good (1996)
https://www.youtube.com/watch?v=Ikjmz_SlGhg
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.