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April 2010

Lost Wallet in NY (4/27)

I  lost my wallet on 2nd ave between 51st and 53rd on the evening of 4/27 in NY.  If anyone has found it I will be extremely grateful if we can be reunited.  Please shoot me an email at mikemcd18@gmail.com.  Thanks! -Michael McDonough

Mortgage Rates Begin To Climb

As expected mortgage rates have begun to climb.  On March 31st, as planned the Fed terminated its mortgage backed securities (MBS) purchase program after buying $1.25trn of the instruments–keeping mortgage rates artificially low.  According to the Mortgage Bankers Association (MBA), the average rate for a 30Y mortgage already climbed to 5.31%  the week ending 4/2, compared to […]

Weekend Musings: High Tech Stein Keeps Beer ‘Frosty’ For Days

As a fan of beer, technology, and business I may have stumbled upon the perfect article this morning on Bloomberg to write a quick weekend note.  Apparently, a nuclear scientist–who looks like he would feel quite at home in any brewery–crafted a beer mug designed with the same technology used to store liquid nitrogen.  The […]

Payrolls Indicate to Markets; Strong Labor Recovery Not Just Yet

Payrolls moved up by +162K in March, compared to a forecast of +184K.  Combined January and February revisions totaled an additional 40K jobs created.  March added 48K census workers making the ex-census change in payrolls a modestly strong +136K.  It is impossible to determine to what extent weather had on this report, but I expect […]