[HN Gopher] Mortgage rates drop fast after a shock jobs report s...
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       Mortgage rates drop fast after a shock jobs report sets off a
       series of dominoes
        
       Author : MilnerRoute
       Score  : 19 points
       Date   : 2023-11-04 21:34 UTC (1 hours ago)
        
 (HTM) web link (finance.yahoo.com)
 (TXT) w3m dump (finance.yahoo.com)
        
       | quantified wrote:
       | > In our upside-down economy, where good news for ordinary people
       | means bad news for financial markets, worries about an overheated
       | labor market pushed 10-year Treasury yields to their highest
       | level in 16 years in October.
       | 
       | Financiers make money off the delta between what's paid to
       | workers and what accrues to owners. Economic health should not be
       | conflated with investor happiness. Sometimes they align but it's
       | unfortunately us-vs-them between capital and labor.
        
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       (page generated 2023-11-04 23:02 UTC)