03-10-2025 “Love Potion No. 9” Spills In Europe
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They held their nose; they closed their eyes; they took a drink. Bonds didn’t know if it was day or night. They started selling everything in sight.
A love fest broke out in Europe for Zelenskyy. Germany’s coalition of election losers hatched a plan to defend Ukraine off the books. Did USAID teach them to hide public money? German investors reacted by selling their 10-year Notes, which caused US rates to consolidate recent gains.
Mixed economic news at home and abroad continues to fuel uncertainty. Look for Oil to reach $55 in 2025, supporting mortgage rates in the low 6s by June 30.
Trump broke Europe’s bottle of Love Potion No. 9
These views are mine. Break the spell at TMSpotlight.com
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Song: Love Potion No. 9 (1959)
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.