Cautiously Floating; Mortgage bonds are higher this morning after Retail Numbers fell for the fourth strait month in a row and plunged to there worst levels since 1992. This is signaling a very bad outlook for the retail industry overall and suggests that the holiday shopping season will be the worst in many years.
In other news Fed Chairman Bernanke spoke in Germany today, indicating that central banks across the world are prepared to take additional actions to unfreeze Global credit markets.
I will keep you posted should the situation change.
About Me
- Gary Dickson
- Ogden, Utah, United States
- Serving Mortgage Customers Since 1988
