Danny Salas

Archive for January 9th, 2010

Chico, CA Interest Rates Market Report – Economic Influences – January 8, 2010

We Lost More Jobs Than Expected

Surprise, Surprise

Well,  my calculations proved incorrect, however, it’s important to understand what’s happening with rates.  We lost 85,000 jobs, last month, and only expected to lose 35,000.  Immediately, rates benefited, however the market has already corrected itself and moved back to yesterday’s pricing.  Here’s why:  Revisions to Novembers 11,000 job losses, actually turned things around to a gain of 4,000 jobs.  This is the first time we’ve seen a gain, in the jobs numbers, since December of 2007.

Why Rates Moved Back

Traders, basically, took advantage of yesterday’s pricing.  That’s exactly why locking was so important yesterday. And, as you can see, it’s exactly what happened, even though we lost more jobs than we thought we were going to.

Off To Repel Into A Deep Cave

Sorry limited time today.  Going down the underground river, repelling down into a deep cave, and zip-linin’ through the forest and around the Tulum Ruins.  Will touch base when I can.

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