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Need for a New Consensus

Josh Rogin follows up on the move to institutionalize transactionalism as the guiding principle of U.S. foreign aid. The draft directive makes it clear that,…

Think The Fed Cut Mortgage Rates? Think Again

Here is exactly what yesterday’s Fed rate cut did to mortgage rates: ABSOLUTELY NOTHING!  No Fed rate cut (or hike) will EVER do ANYTHING directly to…

Candidates, Calculus and the Iran Crisis

I had the distinct honor and pleasure of speaking with the members of the Greater Des Moines Committee on Foreign Relations this past Tuesday around…

Rates Recover Modestly, But Uncertainty Remains

Mortgage rates closed out their worst week since 2016 on Friday as the bond market underwent a classic correction after its best month since 2011.  The…

Mortgage Rates' Week Goes From Bad to Worse

Mortgage rates were already having their worst week since 2016 as of yesterday afternoon.  Rather than help to heal some of the damage, today’s bond market…

Worst Week For Mortgage Rates Since 2016

Mortgage rates didn’t have a great day today, moving even higher from what were already the worst levels in a month as of yesterday afternoon.  In…

The Narrative IS Changing …

One of the criticisms that the U.S. Global Engagement project has received over the past year is the assessment that we are assigning too much…