In a time of deflation, the money in your wallet will be worth more tomorrow than today

  • Pinch yourself as reminder that the U.S. is in uniquely good shape in a world of trouble elsewhere.
  • The greatest risk to the U.S. now is the Fed’s loss of face, and failure of Fed Chair Janet Yellen’s term.

Get smarter. Grow your referral network at Inman Connect San Francisco
Limited seating still available, July 17-20

The story lead for once is not China — not directly. Overnight action by the Bank of Japan has pushed long-term U.S. interest rates down to the lowest levels since last April, the 10-year T-note to 1.92 percent, and mortgages 3.75 percent.