Industry NewsMarkets & Economy

U.S. economic jam, failed fixes follow historical script

Commentary: Be patient, very patient, for better times ahead
Published on Oct 14, 2011

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by CareyBot

There is new, nonrecession data here, more elegant pretending in Europe -- now can-kicking at two-week intervals -- and fear has left markets. For now.

September retail sales rose 1.1 percent over August, and the small-business National Federal of Independent Business survey also found conditions in September slightly improved. In direct result, 10-year Treasury notes are trading up from 1.7 percent just two weeks ago to 2.25 percent, a two-month high. Mortgage rates have risen accordingly, pressing to 4.375 percent.