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- FOMC = federal open market committee. They meet regularly to adjust rates, among other things. There is a forecast for probabilities: https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html.
- Federal reserve dropped the rate again to 100-125 earlier this week, 50 basis points (remember, 100 basis points = 1%). Now, there’s a high likelihood it will drop again in 2 weeks. There was already a swarm of mortgage refinancers I’m fighting against for time with my lender for the home purchase. There’s going to be even more now? Will it make my rates a little lower? Maybe a little. Banks are already at capacity, so they don’t need to attract more borrowers. At the end of the day, it may be busy, but this is a great time for me to buy.
- Federal funds rate – interest when banks lend their reserves to others. All time low was 0.25% in the 08 recession.
- 10yr treasury bonds were at 0.92. yesterday, 3yr at 0.61%.
- Again, dropping rates is usually done in attempts to give the economy a little surge in times of need, so the market usually rises. Our current state of affairs isn’t behaving accordingly because there are many other factors, coronavirus being the main. Contagions don’t really care how much you’re spending.
- Lil Dicky’s show aired with the first two episodes.
- Had to unfollow 4 people today on ig because of baby pics!
- VIX = an actual ticker, but tracks the current market volatility. You don’t want it high.
- A few daily routines I find very valuable:
- Subscribe to content you find interesting. Hacker Newsletter, Medium Digest, Python Weekly, YouTube channels. Consume this information when you wake up.
- Keep To-Do lists. Make one every night for the next day. Review and adjust it in the morning. Make one for the next day. Punt tasks as necessary.
- Blog. Record what you did. Even if it’s just keeping copies of the old completed To-Do lists. I obviously combine these two together.
- Exercise. Meditate. Do something that moves your mind and your body outside of its habitual straight line.
- Got the reference number, forwarded to Roger. FICO score 791.
- Filled out the financial statement for Peter. Went through more co-ops, range 600s, studios or 1BR. Picked out about 5 I liked best in the village. You can easily get 1BR and more space for the same price in the upper west side.
- BoA isn’t planning on adjusting rates due to the recent fed cuts, Fe says.
- Few more packages. Blender. Filled some custom mason jars with hand some. Kitchen and bathroom standards.
- Saw Book of Mormon on broadway!
