patrick.net

On another note

Revisions show 2015 was best year for GDP growth since 2006 ( 2.6%) GDP

2015 Prediction:

"In general, I predict the economy will grow at least 2.5 -2.6% in 2015, an improvement over 2014 levels. Look for job creation numbers to be between 210K – 225K with some improvement in the wage growth."

Missed the jobs number by 1K I believe ;-)

If you guys want a red flag, keep an eye out on unit labor cost

Drawdown in CPI / Unit Labor Cost: almost 6%, last seen... 1963.

and if the dollar gets stronger too

Whats next for the 10 year?

That little, sad rally was short lived. Now we're back towards 1.50% and falling.

Will mortgage rates go lower this year?

errc says

Will mortgage rates go lower this year?

Look at that 10 year at 1.60% as being the base

2012-2016

2 times we have broken down to 1.30% level

Both times needed a European event

2012 Spain default fear trade

2016 Breixt ( Over Drama event of the cycle)

3rd lower high now in place ... wedge is getting tighter and tighter

It's going to take another event to break down below 1.31%

It is a National Travesty that we are giving away our debt at such cheap prices when obviously, we could fetch MUCH higher price