Financial Review

Feb 20, 2019 Links

What we are reading: CNN: DOJ preparing to announce end of Mueller probe as soon as next week – The Hill. Intimidation, Pressure and Humiliation: Inside Trump’s Two-Year War on the Investigations Encircling Him – New York Times. It is still obstruction, even if it is public. Stock market’s post-Fed-minute dip fails to hold, as central bank seen split on policy strategy – Marketwatch. Split on rate hikes but near unanimous to stop reducing balance sheet. How High-Speed Rail Got Caught Between Newsom and Trump – New York Times. 16 states sue to stop Trump from using Emergency Powers to build wall – Alltop. Gold steady near 10-month high; palladium hits record level – Reuters. Canary in the gold mine? Elections Commission Chief Uses the “Nuclear Option” to Rescue the Agency From Gridlock – Mother Jones. The agency’s chair says she won’t allow its lawyers to defend it when it’s sued. Wait, we have an elections commission? What to Watch for During the Catholic Church’s Sex-Abuse Meeting – The Atlantic.

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Financial Review

The Moral and Economic Issue of Our Time

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-22-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 88 = 18,038 SPX + 10 = 2107 NAS + 21 = 5035 10 YR YLD + .06 = 1.98% OIL – .45 = 56.16 GOLD – 15.00 = 1187.80 SILV – .22 = 15.86   The National Association of Realtors reports existing home sales increased 6.1% in March, the fastest pace of sales in 18 months. The jump in March sales follows a couple of slow months due, at least in part, to bad winter weather. But the latest figures suggest the mix of low mortgage rates, steady job creation and pent-up demand could push full-year sales to prerecession levels. Mortgage rates also are still near their lows for the year. The average interest rate on a fixed, 30-year mortgage was 3.67% last week, down from 4.27% a year ago, according to Freddie Mac’s latest weekly survey.   Greece will not present a list of economic reforms to Eurozone finance ministers on Friday; the deadlines don’t really help and they might even hurt because they lead to brinksmanship in negotiations on what reforms the Syriza government in Greece needs to do to secure more funding. There are signs Greece’s creditors are curbing demands for far-reaching reforms as part of current talks, perhaps a realization that they can’t get blood from a turnip, but the softening stance comes on condition Greece stays co-operative on fiscal targets. The liquidity situation …

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