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Understanding Inflation - Part 5 of 6
If you haven’t read parts 1-4 of this series, you will probably want to do that before reading this installment on understanding inflation.
Hedonic Adjustments: Even though the price went up $2,000, the car still costs the same … what???
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Mortgage Market Update
This week is a week to be thankful as we are going to have a shortened trading week due to Thanksgiving. My original plan was to write this while flying over the Amazon, but couldn’t exactly figure out how to use piranha to describe the markets and chose to sleep instead (it was an overnight flight after all). Needless to say, with 2 hours sleep on the plane and 2 hours more at home, not to mention the pot of coffee, here goes this week’s update.
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Mortgage Market Update
If the mortgage market collapses this week, just “Blame it on Rio,” as that is where this week’s market update is coming to you from. After all, with the volatility of last week’s shortened trading week, and the volatility sure to come next week as we give thanks, we need to put blame somewhere.
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