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All Encompassing Mortgage and Real Estate Thread


UTPhil2006

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4 hours ago, Wulaw Horn said:

Sure. The problem is it’s off 90% of the time in one direction lately. It should be 50/50. 

I actually prefer it be off in the same direction if it means market participants can create their own adjustments that might lead to a more accurate measure.  That’s one reason why I don’t buy Habib’s explanation when he claims the headline numbers are distorting the market.  
 

Maybe the rubes are relying on it but the big funds have the brain power to do their own research and analysis and the quants are just following whatever the trend is.

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Just now, LCHorn said:

I actually prefer it be off in the same direction if it means market participants can create their own adjustments that might lead to a more accurate measure.  That’s one reason why I don’t buy Habib’s explanation when he claims the headline numbers are distorting the market.  
 

Maybe the rubes are relying on it but the big funds have the brain power to do their own research and analysis and the quants are just following whatever the trend is.

You are assuming the elites running the fed are actually elite. I’m not willing to grant that assumption at this time. 

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1 minute ago, Wulaw Horn said:

You are assuming the elites running the fed are actually elite. I’m not willing to grant that assumption at this time. 

I don’t think the Fed is as much of a market mover as the big banks and players in the Eurodollar system.  It’s more likely they deliberate long enough to see which way the wind is shifting and try to follow it.  

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4 minutes ago, LCHorn said:

I don’t think the Fed is as much of a market mover as the big banks and players in the Eurodollar system.  It’s more likely they deliberate long enough to see which way the wind is shifting and try to follow it.  

Except for the fact that a lot of what those people are doing is based upon reading of fed tea leaves, so… it’s pretty interconnected. I’m not smart enough to tease out which is which. 

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