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1
anotheraccount
2017 Oct 27, 4:27pm
anotheraccount
2017 Oct 27, 4:27pm
Today NAC got to 14.50. Hoping for below 14 again to start buying. Although Powell appointment as Fed chair might suppress interest rates longer. Trump does want low interest rates contrary to what he said in June 2016 that interest rates were too low.
2
Heraclitusstudent
2017 Oct 27, 4:48pm
Heraclitusstudent
2017 Oct 27, 4:48pm
NAC head - shouldered. Rates will spike just before they fall.
People worry about increasing deficits, feds selling, but rates can't spike without affecting the economy. Tax breaks hasten rise of rates, and the end of the cycle.
People worry about increasing deficits, feds selling, but rates can't spike without affecting the economy. Tax breaks hasten rise of rates, and the end of the cycle.
Premium/Discount went from -10% in Nov 2016 to -1.6% now. With the way economy has overheated on the coasts, the Fed will have hard time justifying not raising rates. Even in oil states, with oil below 50, the economy is doing fine.
In California, our school district is floating the idea of raising another bond - about $7,000 per resident - after raising a similar amount 5 years ago. The bond language reads exactly like the one before. I assume these types of bonds have very little chance of being repaid and NAC is buying them.