This is entertaining — the 30 year mortgage rate as a percentage change; the recent trend with a 6.6% decline is somewhat unusual, of not alarming. However, 30 yr mortgages are really not going down that much, even though the 10 yr yield is slipping below 2%. Is this a conundrum or the final gasp before a major crash?
The charts above offer strong evidence that our economy is in the midst of a massive structural change. Two of the three mainstream employment statistics — labor force participation and employment-to-population — document a structural change that seems deeper than just the result of a business cycle downturn. Unemployment has essentially reached its “natural” rate, but labor force participation and employment-to-population are both very low compared with other post-recession periods.
2 thoughts on “THE DAILY EDGE: 25 JUNE 2019”
This is entertaining — the 30 year mortgage rate as a percentage change; the recent trend with a 6.6% decline is somewhat unusual, of not alarming. However, 30 yr mortgages are really not going down that much, even though the 10 yr yield is slipping below 2%. Is this a conundrum or the final gasp before a major crash?
https://fred.stlouisfed.org/graph/?g=ohrx
The charts above offer strong evidence that our economy is in the midst of a massive structural change. Two of the three mainstream employment statistics — labor force participation and employment-to-population — document a structural change that seems deeper than just the result of a business cycle downturn. Unemployment has essentially reached its “natural” rate, but labor force participation and employment-to-population are both very low compared with other post-recession periods.
https://www.advisorperspectives.com/dshort/updates/2019/06/13/u-s-workforce-recovery
Five Decades of Middle-Class Wages: May 2019 Update
by Jill Mislinski, 6/21/19
https://www.advisorperspectives.com/dshort/updates/2019/06/21/five-decades-of-middle-class-wages-may-2019-update
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