Hints and tips:
...This was followed by similar deals by other US mortgage agencies such as Freddie Mac and Fannie Mae, to little fanfare....
...Is 2019 the year when the post-crisis bull run falls completely apart? “All good things eventually come to an end. But when?...
...The Council on Foreign Relations offered its own timeline, which controversially starts in 1992, and the broadening of the remit for Fannie Mae and Freddie Mac....
...Now, look at a true star: Fannie Mae.” The star went supernova in 2008. But it was not only Fannie that failed to live up to its billing as a safe dividend payer....
...Richard Turnill, global chief investment strategist at the world’s largest asset manager BlackRock, said that “barring unforeseen crises, we have seen the low in bond yields and the end of a 35-year bull...
...“After years in which the market continued to advance, led by stocks that normally only outperform in a bear market, the pattern of performance is now typical of the late stage of a bull market at the end...
...None of this ends the bull market. But it’s a reminder that while companies plan investments over decades, politicians do not see much beyond the next election....
...“The über-bull case is that there will be some type of GSE reform and whatever form it takes will, without question, involve more private capital in the mortgage business.”...
...That would leave the Wall Street benchmark just a few points shy of its intraday record, with bulls continuing to bet that extended Federal Reserve stimulus would help underpin asset prices....
...(Financial Times) Markets: A mildly choppy week for global markets is finishing in suitably muddled fashion, adding to signs that bulls are struggling to maintain momentum, baited by the dog days of summer...
...Bulls will consider themselves excused a pause for breath....
...Bulls hope it will be a bigger one. But here, too, the easy money on the US housing trade has already been made. Email the Lex team in confidence at lex@ft.com...
...(Financial Times) Fannie Mae and Freddie Mac leak tips off US banks to Harp loans: “Fannie Mae and Freddie Mac have inadvertently tipped off US banks and other big mortgage investors to more loan data than...
...Furthermore, there is some historical precedent that the second half of the year will bolster the bulls....
...(Wall Street Journal) - Gold bulls are overjoyed. (Bloomberg) - Pension funds rush for Dalio-style “risk parity” approach....
...The bulls at JPMorgan point out that housing follows a long cycle....
...the rally continues, strategists are doubtful that it will translate into much fresh issuance of private label mortgage debt, the non-agency bundles of mortgages not backed by government agencies such as Fannie...
...Bulls think we are in an economic and market cycle that roughly fits the pattern of the past 60 years....
...Equities: Tech groups outrun bulls in equity rally When it comes to bull markets, technology stocks are renowned for running the fastest, write the FT;’s Michael Mackenzie and Michael Stothard....
...That means Tarp, Fannie Mae, Countrywide, AIG and, of course, Detroit....
...But don’t rush to Monrovia to warn the government off creating a Liberian Fannie Mae and Freddie Mac just yet....
...Paulsen in the past, and just as we may be looked upon as ‘perma-bears’, he most certainly is a ‘perma-bull’....
...- Modelling Fannie Mae and Freddie Mac – Part III - Is the sun setting on solar stocks? - Roubini establishes an option position. - Further, further reading....
...Fannie and Freddie have no value, they are insolvent....
...- Fannie and Freddie’s uncertain future. - A case of double secret QE. - Deutsche Bank on those underwater US homeowners. - Commodity shortage beware!...
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