Posted To: MBS Commentary

Imagine a world where the Federal Reserve was here to entertain and comment on sports betting rather than offer dry, carefully worded updates on monetary policy ( like the most recent version ). If such a world existed, Ted Rood would be your tour guide. He submits the following as evidence. The Ted Statement – Information received since the Federal Open Market Committee met in December indicates Washington DC legal counsel demand remains robust, cable news ratings have soared, and Wuhan Virus panic has been rising at a brisk rate. Hand sanitizer production levels have been solid, on average, in recent months, but face mask inventory shortages remain. Although Super Bowl interest has grown overall, the prospect of a Patriot-free Super Bowl has led to rampant regional depression in the Northeast…(read more)

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Source: Mortgage News Daily