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Shanghai nonferrous metals mostly closed with gains as the WTI crude rose above $80/barrel on the news that OPEC+ countries agreed to slightly increase the output in February, which was in line with market estimate.
U.S. travelers to Hong Kong have had better days, with Hong Kong banning travel from the U.S. Chicago schools (with over 300,000 students) have had better days as classes were canceled due to a union dispute with the mayor. In nearby Michigan, United Wholesale Mortgage (with 9,000 employees) has had better days as well, and, per this story, is under investigation for health protocol reasons. Good health (and a good work environment) is something everyone wants. Money too. Let’s face it: if you have money, other people want it. Here’s the latest scam out of Texas: parking meters w...
Australian shares are poised to open lower amid a rotation in New York that bolstered the Dow and knocked the S&P 500 and the Nasdaq.
Tabrasa’s Patrick H. wishes everyone a Merry New Year! Yes, 2022 is here, with its thousands of cancelled flights due to weather and omicron. Older loan officers tell me that being 20 in the seventies was much more fun than being seventy in the 20s. Things are always changing, although one thing that never changes are independent mortgage bankers who think the market is undervaluing their company. Remember all the doom and gloom predictions for mortgage volume in 2021? They were wrong, and the Mortgage Bankers Association estimates that we did a record $1.61 trillion in purchase loans l...
I work hard to live a very glamorous life. I mention this because yesterday, when I sent the Commentary out from the road at a glamorous McDonalds in Northern California (free Wi-Fi!), I noticed that the price of my usual glamorous Egg McMuffin meal (with OJ) has skyrocketed to $10.06 from $7.60 earlier this year! Not only that, but it seems that the portion size of the tasty “hashbrowns” and sandwich have dropped. At the “other end” of things, does it seem like toilet paper prices have gone up while the size of the roll has shrunk, espec...