We are reminded of early Q4, ‘10. Consensus was for a further slowing. We said no, and here is why. The economy blew through estimates into Q1, ‘11.
Now is a mirror situation. Again the market crowd are all looking in the wrong direction.
Instead, we will move nicely into year end.
Finally, we have isolated the turning point in interest rates, set June/9 at 2.99% on the ten year. Quality flt took us a tad lower, certainly, but that was temporary. Last, 3.11%. Year end - 3.50%.
Robert Craven
Now is a mirror situation. Again the market crowd are all looking in the wrong direction.
Instead, we will move nicely into year end.
Finally, we have isolated the turning point in interest rates, set June/9 at 2.99% on the ten year. Quality flt took us a tad lower, certainly, but that was temporary. Last, 3.11%. Year end - 3.50%.
Robert Craven
No comments:
Post a Comment