Why I'm Carefully Watching U.S. Treasury Auctions This Week

This week, there's virtually no news to hit the wire, save for a consumer confidence report. I've never really put much faith in "confidence" reports, though, because American shoppers tend to say one thing, and then do something else completely different. So, as Consumer Confidence falls throughout October and November, it doesn't mean that Americans will spend less on holiday gifts this year; it just means they'll feel worse about actually doing it. Viva la Consommateur Americain. So, with no...

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[Source: The Mortgage Reports Blog]