Jobs and the Resurgent Economy Another White House intelligence mistake - 2004-02-17
In his annual report on the state of the economy, President Bush indicated that the economy would generate 2.6 million jobs in 2004.

Unfortunately, the evidence points in the opposite direction: The economy appears to be running out of gas. It went into the second half of 2003 turbocharged by the third round of Bush tax cuts, coupled with an unprecedented boom in mortgage refinancing.
Read the full story at San Francisco Chronicle

Mortgage duration Fannie Mae Jan duration gap at minus one month - 2004-02-17
Fannie Mae, the top source of housing finance in the United States, revealed on Tuesday its duration gap was at minus one month in January, the same from December.

Fannie Mae also said that January outstanding mortgage-backed securities grew 18.5 percent, down from a 39.4 percent increase in December.
Read the full story at Reuters