yak, yak and more yak, yakThe Fed'll find a reason to drop the rate to help Kamalatoe. "Excuse me, I'm talking here". Yeah that's all you've ever done you empty bag of wind hoe.
View attachment 182948
So I gather your not all that keen on K Harris?The Fed'll find a reason to drop the rate to help Kamalatoe. "Excuse me, I'm talking here". Yeah that's all you've ever done you empty bag of wind hoe.
View attachment 182948
NO !So I gather your not all that keen on K Harris?
Mick
These figures are up to March, and as Zerohedge have pointed out, every month since March has been revised downwards.At least three banks managed to obtain key payroll numbers Wednesday while the rest of Wall Street was kept waiting for a half-hour by a government delay that whipsawed markets and sowed confusion on trading desks.
After the Bureau of Labor Statistics failed to post its revisions to the monthly payroll figures at 10 a.m. New York time, Mizuho Financial Group Inc. and BNP Paribas SA both called the department and got the number directly. So did Nomura Holdings Inc.’s economic research team, according to a person familiar with the situation.
Suely not you being cynical, MickThe expected BLS admission that it had overstated employment figures by 800k came as no surprise to anyone.
What did come as a bit of a surprise, was that the BLS failed to put up its report at the advertised disclosure time of 10:00 a.m.
Fortunately for a few orgs (banks), those that rang up the BLS and asked what was going on, were given the figures over the phone, giving them somewhat of an advantage over the rest.
From Bloombergs
These figures are up to March, and as Zerohedge have pointed out, every month since March has been revised downwards.
So it is most likely that the exercise will be rep3eated next year as there will most likely have to be another yearly revision in a negative direction.
But the garbage BLS figures served their purpose.
It made the Biden regime look good, and will allow the Fed to ease rates right before the elction.
What , me cynical?
Mick
the COST of leverage ?Now why would the cost of leverage fall significantly?
One reason possible is that the big boys have been selling the market to the mums and dad suckers who believe the stock spruikers s of this world.
Mick
View attachment 191138
The following from the AFR , although from 2022, is still relevant.the COST of leverage ?
i assume they do not mean the rates charged by the lending parties ( although that may have decreased a little )
so are they saying a fair proportion of those borrowing have unwound their loans ( or at least reduced them noticeably )
if the second , one might call that a 'risk off ' signal and rather bullish
Liquidty is still being drained from the system
the following chart from the NY Fed shows the Reverse repo balooned from 2021 till late 2023 before it started getting cut back, till it is now at its lowest leverl since those early 2021 days.
View attachment 192751
This cut in liquidity is reflected in the stubbornly high mortgage rates in the US.
From Bankrate shows little difference from 2022.
View attachment 192752
The high rates are reflected in the stats on existing home sales in the US.
View attachment 192753
Mick
| Country | Last | Previous | Reference | Unit |
|---|---|---|---|---|
| Japan | 0.5 | 0.25 | Jan/25 | % |
| Switzerland | 0.5 | 0.5 | Jan/25 | % |
| Singapore | 2.38 | 2.62 | Feb/25 | % |
| Euro Area | 2.9 | 3.15 | Jan/25 | % |
| Canada | 3 | 3.25 | Jan/25 | % |
| South Korea | 3 | 3 | Jan/25 | % |
| China | 3.1 | 3.1 | Jan/25 | % |
| Australia | 4.35 | 4.35 | Jan/25 | % |
| United Kingdom | 4.5 | 4.75 | Feb/25 | % |
| United States | 4.5 | 4.5 | Jan/25 | % |
| Saudi Arabia | 5 | 5 | Jan/25 | % |
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