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Parker told us long ago
There's a calm before the storm
He knows
Last week, stagflation appeared in the GDP data, with slowing growth and rising inflation. As a result, the 10-year yield hit our bear target of 4.71.
Jimmy Carter sacrificially appointed Paul Volcker to slay inflation. Despite talking heads, it’s not the 1970s. Jay Powell's credibility projects confidence that the Fed will lower rates prudently.
However, Gold's rapid rise signals that the markets want the Fed to disclose the plan to reduce Treasury sales on May 1. Without it, the Bears reign.
Have You Ever Seen The Rain? Comin' down in a Bearish way.
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Have You Ever Seen The Rain (1970) Creedence Clearwater Revival (CCR)
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.