Long Term Interest Rates Plunge to 2.9% Despite the Federal Reserve’s (the Fed) policy of slowly raising rates to “Neutral”, the Bond Market won’t cooperate. On Thursday, yields fell to a level that, not long ago, seemed UNTHINKABLE. The Mini-Slideshow below illustrates the dramatic downward moves in 5 year, 10 year and 30 year maturities. […]
Commodities, Led By Oil, Make New Lows Crude Oil is an input into producing virtually everything, including itself. It takes oil to transport, refine, drill or pump oil. Energy is a large portion of the cost of just about everything. West Texas Intermediate Crude Oil closed at $46.60 yesterday, a 40% drop since October. The […]