Economy draped in TARP failure 
Commentary: 'Fat cats' have it their way
By Lou Barnes, Friday, December 18, 2009.
Flickr photo by scott*eric.Long-term rates are falling, a brief bout of economic optimism now replaced by a renewed "Who knows?" Mortgage rates are 5 percent-ish (you might find a "4" prefix in your stocking) and the 10-year Treasury note is trying to head back under 3.5 percent.
The optimism crested with a surge in producer prices (core up 0.5 percent in November), and industrial production better than expected, up 0.8 percent. Some drew confidence from the Fed's post-meeting assertion that "economic activity continued to pick up."
more...
Premium Members have full access to all news archives & premium content.
Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year
All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.

