End of Queue

21 bps up yesterday…

The only way you get foreigners interested in keeping the fiat currency is if they get a really decent yield on the yank as commodities seem to have had their run for now…

If North American financials seem to have mid-water buyers , Europe and Asia haven’t had their last blowouts JUST yet!

Housing views

Contrary to normal thinking ONLY a decent yield on a mortgage keeps the market balanced . Compare this to a run of the mill Chevy vs. a Porsche. At the end of the lease regardless of what you paid for both cars, amortization, accident, horrid color etc. the Porsche will retain MORE value because of scarcity… If anybody can own a house with 4% rates well that makes houses worth less rather than more ( do you really need to think out of the box here?).

So I sincerely hope that the market has figured out that higher longer term rates are good for the market, keeps speculators and developers in check and to fix the legacy Greenspan’s Pandora box back as an Ebay item,

Legislation

Stop thinking that more bad government legislation will fix anything. All you got to do is either:
1) Increase immigration by 20MM rich dudes-dudesses

2) Getting out some John Deeres and plow under 20MM beautiful and perfectly livable houses

3) Nuke icebergs to reduce land in all American Coastal States (NIRLACS)

Please do it quick because the condo market lobby is about to join the NY Metropolitan Opera!

End of Queue

Everybody is buying up stox prior to April Fool’s , end of quarter… About that time, I usually work on my tan and figure out if I really care about not being able to tie my shoelaces after March break.

Is that a light at the end of the tunnel?

My biggest dilemma: Buying a Kindle or Abitibi stox? In any case one will become toxic kindling to my portfolio!

Meantime I love this market as it is as shooting ducks about to land or as they take off!

PULL!

Quack!

Aflac!

P.

Random Thought: Advise Fat farms that stretchable pants should be checked at the door with all treats!