Despite the popular belief that Thanksgiving originated with the colony at Plymouth Plantation in 1621, researchers have actually pinpointed the actual first Thanksgiving to have been held a whopping 56 years earlier. According to scholars, the first known Thanksgiving took place during September 1565, in Saint Augustine, Florida when Spanish settlers held a Mass of […]
QE2 Debate rages on
Last Week in Review: The debate over Quantitative Easing continued, as did the volatility in the markets. And Bonds and home loan rates sure felt the pinch! Forecast for the Week: It will be a busy week ahead of the Thanksgiving holiday, with more Treasury auctions and a very full calendar of economic reports. View: […]
Inflation information breaks through the clutter
Last Week in Review: Recent economic events are giving a strong indication of where rates are headed. Read on to find out where and why. Forecast for the Week: Here’s a quick rundown of reports we need to watch this week… and there are some big ones on the docket! View: Read below to find […]
As cotton prices soar, China – not Texas – at center of it all
The price of cotton has reached the highest levels since the market disruptions of the Civil War. That’s good news for Texas cotton farmers, who have seen prices increase almost fourfold since December 2008. The news is not so good for clothing retailers like J.C. Penney, which are trying to figure out how to raise […]
Elections, the Feds and Jobs..Oh My!
Last Week in Review: Election results, the Fed’s announcement, and the Jobs Report – what a full week it was! So what was the impact on home loan rates? Forecast for the Week: It’s a quiet week on the economic report front, but don’t expect the volatility to die down as the markets continue to […]