Phil Grossfield's Blog


Embrace Life; Fed Minutes

embracelifeMy Schedule…and A Little Extra:  Embrace Life.

My Schedule:  I have an appointment today at noon and will be done at 4:30p today.

My Market Watch:  Pricing is better than yesterday by about 0.125-0.250, presumably in a reaction to the Fed minutes which were released yesterday.  The message in the minutes confused me because according to Bloomberg there was dissention on whether the Fed should continue to purchase bonds:  Several participants “emphasized that the committee should be prepared to vary the pace of asset purchases, either in response to changes in the economic outlook or as its evaluation of the efficacy and costs of such purchases evolved,” the minutes showedBloomberg.  The reason it confused me is because a mere mention of the possibly that the Fed would alter its monetary policy for buying bonds is usually a good enough reason for traders to sell off bonds and put money into stocks instead.  But not this time.  It might be because there is a mention that monetary policy is increasing inflation, and bonds hate inflation.  So that little nugget may have tempered any concerns.  Not really sure.  I’d appreciate your thoughts on this one….  My Disclaimer

My Fun Stuff:   Bionic Eyes Video  |  Bionic Hands Video  |||  All My Fun Stuff

My Important Reminders:

  • APPOINTMENTS.  I am setting up appointments for the next several weeks…please let me know if you’re interested in an office visit.  I will be sharing my insight on how to get new business in 2013 and what to prepare for as the year progresses….

  • STILL WANTED.  We are looking for Senior Underwriters, Loan Coordinators, Junior UWs, Doc Specialists and Funders. Referrals are greatly appreciated.  Remote positions are available.

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