Tag Archive for: Alf Peccatiello

World To Drown in U.S. Debt – Pushing Rates WAY UP; Moody’s Downgrades U.S. Debt; Bond Auctions Fail! But Rates Fall??? Why???

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EVERYONE and I mean EVERYONE is in a panic over our massive deficits and the subsequent borrowing by the U.S. to cover them – because it has the potential to push interest rates through the roof! Last week alone, Moody's downgraded U.S. Debt (or lowered its bond rating over deficit concerns) and a Treasury auction "failed," meaning there were not enough buyers for our Treasury bonds at the offered rates.Read More

Recession, Depression, Soft Landing, High Rates, Low Rates – Who Do We Believe?

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In late 2020, I was having lunch with several mortgage bankers who wanted to celebrate the success we were all having – as we were all enjoying unimaginable record profits. I, however, was not in a celebratory mood, telling them that rates would likely approach 8% in the coming years and that we needed to streamline and get much more efficient.Read More

Recession Coming Soon – DESPITE A STRONG JOBS REPORT!

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“IF A RECESSION IS COMING, HOW DO YOU EXPLAIN THE STRONG JOBS REPORT?” That was an email I received this morning from the most prominent voice/blogger in the mortgage industry. […]Read More