Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

Long-term interest rates have stabilized safely in the Fed-controlled zone, with 10-year Treasury notes at 2 percent and mortgages at 4 percent. Stocks and other markets hope for a third round of quantitative easing -- "QE3" -- perhaps as early as next week's Fed meeting. But that move will likely wait for either weaker global economic data or inflation falling toward deflation, or both.U.S. data is softening -- not anywhere near a new double-dip conversation, but not accelerating to self-sustenance, either. March retail sales did OK, up 0.8 percent, but the housing recovery ballyhooed since winter has been exposed as a promotional feature: New starts fell 5.8 percent in March, new permits rose (but nobody gets a paycheck for one of those), and sales of existing homes fell a seas...