Indications of inflation in wholesale means that it will eventually hit us at street level when we purchase things at the retail level. Any inflation is not too good for our markets that rely so heavily on foreign investment. What was released? The Producer Price Index. Do a search for it at www.chadcan.com for more info. The number reported was a 0.7% vs. the 0.5% expected which is pretty tame but remember that investors react to a variance in WHAT IS EXPECTED.
Greek worries are still looming. To make a comparison: this Greek "tragedy" is a microcosm of the whole world suddenly in a panic the they wouldn't get paid on US Treasury Notes. There are things that markets and experts are learning from this situation that would help them manage a possible shift in confidence with regards to US T-notes.
Rates are still low and we are counting down to the end of the "Homebuyer Tax Credit" as all those deals need to be under contract on April 30.
