Such a long hiatus!
Let's ease back in with some fun facts.
FUN FACT #1
With the February data now in, US consumers have run a negative savings rate for nine months straight -- and the most recent months are the worst since Katrina. No wonder the economy is doing so well.
PERSONAL SAVINGS RATE
2005Q3: -1.59% (Katrina effect)
2006Q1 (so far): -0.51%
FUN FACT #2
The inverted yield curve. For the week of 3/24/06,
6-month treasuries: 4.80
1-year treasuries: 4.77
2-year treasuries: 4.72
10-year treasuries: 4.69
FUN FACT #3
In March the monthly average on the 1-year ARM was 5.42%, the highest level since September 2001. The 15-year FRM was 5.97%, the highest level since June 2002. The 30-year FRM was 6.32%, except for last November (6.33%) the highest level since July 2002.