12-09-2025 Who’s The “Lost Cause”
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Bears, you’re lost; Bulls, you’re lost; Maybe, you’re a Lost Cause.
With bond yields moving up, Bears have an easier path to capture the trend at 4.18 than bulls in diving below 4. Does the steepening of the coupon curve suggest no recession?
According to Deutsche Bank, once the Fed begins a rate-cut cycle, the 10-year Treasury yield does not fall sustainably without the economy slipping into a recession. So, who’s the lost cause: Jobs, Fed, Bulls, or Bears? Maybe it’s lenders that only make money as rates fall.
That’s fighting for a Lost Cause.
These views are mine. Avoid confusion at TMSpotlight.com.
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Song: Lost Cause (2002) Beck
“Lost Cause” is a 2002 song by Beck with a melancholic tone reflecting feelings after a breakup.
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.