Category Archives: economy

10-Years Beyond The Lehman Brothers Bankruptcy: Seven Points To Ponder!

Lehman Brothers bankruptcy filing

Do you remember where you were on September 15, 2008, the day that Lehman failed unleashing the unintended consequences of a global financial crisis that began to foment and then snowball? Consequential events may not always appear to be so, and as Lehman Brothers was allowed to go under most of us may not have initially […]

Economic Data That Could Move Bond Yields And Mortgage Rates – Week Of July 9th And 16th

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Whether it’s what a company may earn in a given quarter, who will win the 8th at Belmont, if it will rain today or of course the economy, forecasting and prediction are inexact sciences! As discussed in this space previously, ‘Predicting The Weather, Mortgage Rates, Commodity Prices Or Most Anything Else Is Not For The Faint Of […]

Economic Forecasts For The Weeks Of June 25 And July 2, 2018!

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Whether corporate earnings, sporting events, economic statistics or, of course, the weather, forecasting can most certainly be an inexact science! As discussed in this space previously, ‘Predicting The Weather, Mortgage Rates, Commodity Prices Or Most Anything Else Is Not For The Faint Of Heart!‘. That said, and for better or worse, many rely on these […]

Inflation And Mortgage Rates (Charts)

The Federal Reserve has two fundamental mandates: maximum employment and stable prices with an upper limit it sets for an acceptable inflation rate! When employment reaches a level that’s known as full and a strong economy results in a shortage of available qualified workers, upward wage pressure can cause the inflation rate to rise. Similarly, when commodity prices […]

1st Quarter GDP Growth Disappoints And Non-Farm Payrolls Surprise To The Upside…Imagine That, The Forecasts Were Wrong!

Citigroup Economic Surprise Index

In the past the Hallmark Abstract Service blog has opined on the professionals whose job it is to forecast a variety of different outcomes whether economic or something else, and for better or worse the tendency for them to miss the mark that they have predicted! The article ‘Predicting The Weather, Mortgage Rates, Commodity Prices Or Most Anything Else Is […]

Yield Curve Flattening: What Does This Mean For The Real Estate Market?

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Update: Mortgage Rates Jump to 7-Year Highs May 15 2018, 4:02PM Mortgage rates spiked in a big way today, bringing some lenders to the highest levels in nearly 7 years (you’d need to go back to July 2011 to see worse). That heavy-hitting headline is largely due to the fact that rates were already fairly close […]

Talking Heads, Politicians, Economists and Fund Managers Tout Tax Cuts, Increased Consumer Spending And U.S. Economic Growth Of 3%-4%!

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But, What If All Of These ‘Experts’ Are Wrong? Many point to the fact that 3%-4% U.S. (or even better) GDP growth may be just around the corner. Some wholeheartedly believe it while others may be somewhat skeptical. For them, however, having it occur would be beneficial to their clients and ultimately them. But at the same […]

Stock Market Poised For A Staggering Decline? The Television Commercial Indicator Says It Very Well Might Be!

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I know what investors will say…’Who is this title insurance guy to be predicting that the stock market is ready to rollover, correct or decline precipitously?’… Is he a high-priced analysts at a hedge fund or talking head on the business news? You know, the ones who will typically say after a big down day in […]

The U.S. Economy: Are Bonds Or Stocks Telling The True Story?

10-year treasury bond yield chart

On the heels of this mornings employment report indicating jobs creation below even the most pessimistic economist forecast along with revisions lower to the prior months, why are the bond and stock markets telling two such very different stories? This morning at 8:30AM the Employment Report was released by the U.S. Bureau of Labor Statistics showing new […]

If You’re In Business How Will You Choose Your Candidate For President?

On Tuesday, November 8, 2016 Americans will be called upon to cast a vote for the new POTUS along with a slew of Congressmen and Senators! For many Americans the choice, particularly for the new occupant of the White House, may be a difficult one. That said, this article is not meant to advocate for one […]