…You Thought the Line at Costco was Long
Have you ever been in the back of the line, whether it’s your favorite Big Box Store, the bank, or even at your favorite Disney World ride, and think “Man, what are they giving away up there?” Today, they are giving away money. With the panic gripping each aspect of the market over Coronavirus, Central Banks around the world have capitulated, meaning, in panic, they are trying to get ahead of something they don’t know, or find a bottom to something that seems, bottomless. The driver of mortgage rates in the united states, is the Ten Year Treasury. This index is literally at historic lows, like real historic, as in never before has been this low. This index is literally how the world takes its temperature. As this index falls,…